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    Aviat Networks Announces Fiscal 2025 First Quarter and Three Month Financial Results

    11/5/24 4:01:00 PM ET
    $AVNW
    Radio And Television Broadcasting And Communications Equipment
    Technology
    Get the next $AVNW alert in real time by email

    Total Revenue of $88.4 million; Up 1.7% Year-Over-Year

    Adjusted EBITDA of $(7.7) million

    Non-GAAP Diluted Earnings per Share of $(0.87)

    AUSTIN, Texas, Nov. 5, 2024 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (NASDAQ:AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2025 first quarter ended September 27, 2024.

    Aviat Networks, Inc. Logo (PRNewsfoto/Aviat Networks, Inc.)

    First Quarter Highlights

    • Continued to gain share of demand in North America based on FCC filing data
    • Closed acquisition of 4RF and secured first order for new Aprisa 5G cellular router to a North American utility company
    • Began shipping product to recently won state-wide private network customer on the East Coast

    First Quarter Financial Highlights

    • Total Revenues: $88.4 million, up 1.7% from the same quarter last year
    • GAAP Results: Gross Margin 22.4%; Operating Expenses $35.4 million; Operating Loss $(15.6) million; Net Loss $(11.9) million; Net Loss per diluted share ("Net Loss per share") $(0.94)
    • Non-GAAP Results: Adjusted EBITDA $(7.7) million; Gross Margin 23.2%; Operating Expenses $30.0 million; Operating Loss $(9.5) million; Net Loss $(11.1) million; Net Loss per share $(0.87)
    • Net cash and cash equivalents: $51.0 million; cash net of debt: $(32.3) million

    Fiscal 2025 First Quarter and Three Months Ended September 27, 2024

    Revenues

    The Company reported total revenues of $88.4 million for its fiscal 2025 first quarter, compared to $86.9 million in the fiscal 2024 first quarter, an increase of $1.5 million or 1.7%. North America revenue of $42.2 million decreased by $(12.6) million or (23.0)%, compared to $54.9 million in the prior year due lower tier 1 demand and timing of certain private network projects. International revenue of $46.2 million increased by $14.1 million or 44.1%, compared to $32.1 million in the prior year. This growth was due to the addition from the Pasolink acquisition.

    Gross Margins

    In the fiscal 2025 first quarter, the Company reported GAAP gross margin of 22.4% and non-GAAP gross margin of 23.2%. This compares to GAAP gross margin of 35.9% and non-GAAP gross margin of 36.2% in the fiscal 2024 first quarter, a decrease of (1,350) and (1,300) basis points, respectively. The decrease was driven by mix shift away from higher margin projects and regions in the quarter.

    Operating Expenses

    The Company reported GAAP total operating expenses of $35.4 million for the fiscal 2025 first quarter, compared to $26.3 million in the fiscal 2024 first quarter, an increase of $9.1 million or 34.4%. Non-GAAP total operating expenses, excluding the impact of restructuring charges, share-based compensation, and merger and acquisition expenses for the fiscal 2025 first quarter were $30.0 million, compared to $23.9 million in the prior year, an increase of $6.2 million or 25.8%.

    Operating Income

    The Company reported GAAP operating loss of $(15.6) million for the fiscal 2025 first quarter, compared to a GAAP operating income of $4.9 million in the fiscal 2024 first quarter, a decrease of $(20.5) million. Operating income decreased primarily due to lower gross margin and higher operating expenses as a result of the Pasolink and 4RF transactions. On a non-GAAP basis, the Company reported operating loss of $(9.5) million for the fiscal 2025 first quarter, compared to a non-GAAP operating income of $7.6 million in the prior year, a decrease of $(17.1) million.

    Income Taxes

    The Company reported GAAP income tax benefit of $(5.5) million in the fiscal 2025 first quarter, compared to a GAAP income tax expense of $0.4 million in the fiscal 2024 first quarter.

    Net Income / Net Income Per Share

    The Company reported GAAP net loss of $(11.9) million in the fiscal 2025 first quarter or GAAP net loss per share of $(0.94). This compared to GAAP net income of $3.6 million or GAAP net income per share of $0.30 in the fiscal 2024 first quarter. On a non-GAAP basis, the Company reported net loss of $(11.1) million or non-GAAP net income per share of $(0.87), compared to non-GAAP net income of $7.2 million or $0.60 per share in the prior year.

    Adjusted EBITDA

    Adjusted earnings before interest, tax, depreciation and amortization ("Adjusted EBITDA") for the fiscal 2025 first quarter was $(7.7) million, compared to $8.9 million in the fiscal 2024 first quarter, a decrease of $(16.6) million.

    Balance Sheet Highlights

    The Company reported $51.0 million in cash and cash equivalents as of September 27, 2024, compared to $64.6 million as of June 28, 2024. As of September 27, 2024, total debt was $83.4 million, an increase of $35.0 million from June 28, 2024.

    Fiscal 2025 Full Year Outlook

    The Company is updating its fiscal 2025 full year guidance as follows:

    • Full year Revenue between $430 and $470 million
    • Full year Adjusted EBITDA between $30.0 and $40.0 million

    Conference Call Details

    Aviat Networks will host a conference call at 4:30 p.m. Eastern Time (ET) today, November 5, 2024, to discuss its financial and operational results for the fiscal 2025 first quarter ended September 27, 2024. Participating on the call will be Peter Smith, President and Chief Executive Officer; Michael Connaway, Sr. Vice President and Chief Financial Officer; and Andrew Fredrickson, Director of Corporate Development and Investor Relations. Following management's remarks, there will be a question and answer period.

    Interested parties may access the conference call live via the webcast through Aviat Network's Investor Relations website at investors.aviatnetworks.com/events-and-presentations/events, or may participate via telephone by registering using this online form. Once registered, telephone participants will receive the dial-in number along with a unique PIN number that must be used to access the call. A replay of the conference call webcast will be available after the call on the Company's investor relations website.

    About Aviat Networks

    Aviat Networks, Inc. is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Facebook and LinkedIn.

    Forward-Looking Statements

    The information contained in this Current Report on Form 8-K includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including Aviat's beliefs and expectations regarding outlook, business conditions, new product solutions, customer positioning, future orders, bookings, new contracts, cost structure, profitability in fiscal 2025, its recent acquisitions and acquisition strategy, process improvements, measures designed to improve internal controls, its ability to maintain effective internal control over financial reporting and management systems and remediate material weaknesses, plans and objectives of management, realignment plans and review of strategic alternatives and expectations regarding future revenue, gross margin, Adjusted EBITDA, operating income or earnings or loss per share. All statements, trend analyses and other information contained herein regarding the foregoing beliefs and expectations, as well as about the markets for the services and products of Aviat and trends in revenue, and other statements identified by the use of forward-looking terminology, including "anticipate," "believe," "plan," "estimate," "expect," "goal," "will," "see," "continue," "delivering," "view," and "intend," or the negative of these terms or other similar expressions, constitute forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, forward-looking statements are based on estimates reflecting the current beliefs, expectations and assumptions of the senior management of Aviat regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should therefore be considered in light of various important factors, including those set forth in this document. Therefore, you should not rely on any of these forward-looking statements.

    Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include the following: the disruption the 4RF and NEC transactions may cause to customers, vendors, business partners and our ongoing business; our ability to integrate the operations of the acquired 4RF and NEC businesses with our existing operations and fully realize the expected synergies of the 4RF and NEC transactions on the expected timeline; disruptions relating to the ongoing conflict between Russia and Ukraine and the conflict in Israel and surrounding areas; continued price and margin erosion in the microwave transmission industry; the impact of the volume, timing, and customer, product, and geographic mix of our product orders; our ability to meet financial covenant requirements; the timing of our receipt of payment; our ability to meet product development dates or anticipated cost reductions of products; our suppliers' inability to perform and deliver on time, component shortages, or other supply chain constraints; the effects of inflation; customer acceptance of new products; the ability of our subcontractors to timely perform; weakness in the global economy affecting customer spending; retention of our key personnel; our ability to manage and maintain key customer relationships; uncertain economic conditions in the telecommunications sector combined with operator and supplier consolidation; our failure to protect our intellectual property rights or defend against intellectual property infringement claims; the results of our restructuring efforts; the effects of currency and interest rate risks; the ability to preserve and use our net operating loss carryforwards; the effects of current and future government regulations; general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States and other countries where we conduct business; the conduct of unethical business practices in developing countries; the impact of political turmoil in countries where we have significant business; our ability to realize the anticipated benefits of any proposed or recent acquisitions; the impact of tariffs, the adoption of trade restrictions affecting our products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; our ability to implement our stock repurchase program or that it will enhance long-term stockholder value; and the impact of adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions.

    For more information regarding the risks and uncertainties for Aviat's business, see "Risk Factors" in Aviat's Form 10-K for the fiscal year ended June 28, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on October 4, 2024, as well as other reports filed by Aviat with the SEC from time to time. Aviat undertakes no obligation to update publicly any forward-looking statement, whether written or oral, for any reason, except as required by law, even as new information becomes available or other events occur in the future.

    Investor Relations:

    Andrew Fredrickson

    Director, Corporate Development & Investor Relations

    Phone: (512) 582-4626

    Email: [email protected]

     

    Table 1

    AVIAT NETWORKS, INC.

    Fiscal Year 2025 First Quarter Summary

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (Unaudited)

     



    Three Months Ended

    (In thousands, except per share amounts)

    September 27,

    2024



    September 29,

    2023

    Revenues:







    Product sales

    $               61,116



    $               59,545

    Services

    27,313



    27,364

    Total revenues

    88,429



    86,909

    Cost of revenues:







    Product sales

    52,201



    36,313

    Services

    16,440



    19,401

    Total cost of revenues

    68,641



    55,714

    Gross margin

    19,788



    31,195

    Operating expenses:







    Research and development

    10,408



    6,424

    Selling and administrative

    24,948



    19,237

    Restructuring charges

    —



    644

    Total operating expenses

    35,356



    26,305

    Operating (loss) income

    (15,568)



    4,890

    Interest expense, net

    1,115



    99

    Other expense, net

    710



    802

    (Loss) income before income taxes

    (17,393)



    3,989

    (Benefit from) provision for income taxes

    (5,514)



    432

    Net (loss) income

    $             (11,879)



    $                 3,557









    Net (loss) income per share of common stock outstanding:







    Basic

    $                 (0.94)



    $                   0.31

    Diluted

    $                 (0.94)



    $                   0.30

    Weighted-average shares outstanding:







    Basic

    12,646



    11,574

    Diluted

    12,646



    11,943

     

    Table 2

    AVIAT NETWORKS, INC.

    Fiscal Year 2025 First Quarter Summary

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (Unaudited)

     

    (In thousands)

    September 27,

    2024



    June 28,

    2024

    ASSETS







    Current Assets:







    Cash and cash equivalents

    $                    51,034



    $                    64,622

    Accounts receivable, net

    169,002



    158,013

    Unbilled receivables

    94,725



    90,525

    Inventories

    79,559



    62,267

    Assets held for sale

    —



    2,720

    Other current assets

    32,942



    27,076

    Total current assets

    427,262



    405,223

    Property, plant and equipment, net

    11,883



    9,480

    Goodwill

    15,153



    8,217

    Intangible assets, net

    28,754



    13,644

    Deferred income taxes

    91,317



    83,112

    Right-of-use assets

    3,665



    3,710

    Other assets

    12,823



    11,837

    Total long-term assets

    163,595



    130,000

    Total assets

    $                  590,857



    $                  535,223

    LIABILITIES AND EQUITY







    Current Liabilities:







    Accounts payable

    $                  104,926



    $                    92,854

    Accrued expenses

    39,137



    42,148

    Short-term lease liabilities

    1,125



    1,006

    Advance payments and unearned revenue

    79,380



    58,839

    Other current liabilities

    21,234



    21,614

    Current portion of long-term debt

    2,395



    2,396

    Total current liabilities

    248,197



    218,857

    Long-term debt

    80,980



    45,954

    Unearned revenue

    7,522



    7,413

    Long-term operating lease liabilities

    2,782



    2,823

    Other long-term liabilities

    407



    394

    Reserve for uncertain tax positions

    3,445



    3,485

    Deferred income taxes

    412



    412

    Total liabilities

    343,745



    279,338

    Commitments and contingencies







    Stockholder's equity:







    Preferred stock

    —



    —

    Common stock

    127



    126

    Treasury stock

    (6,479)



    (6,479)

    Additional paid-in-capital

    861,023



    860,071

    Accumulated deficit

    (590,392)



    (578,513)

    Accumulated other comprehensive loss

    (17,167)



    (19,320)

    Total stockholders' equity

    247,112



    255,885

    Total liabilities and stockholders' equity

    $                  590,857



    $                  535,223

     

    AVIAT NETWORKS, INC.

    Fiscal Year 2025 First Quarter Summary

    RECONCILIATION OF NON-GAAP FINANCIAL MEASURES AND REGULATION G DISCLOSURE

     

    To supplement the consolidated financial statements presented in accordance with accounting principles generally accepted in the United States (GAAP), we provide additional measures of gross margin, research and development expenses, selling and administrative expenses, operating income, provision for or benefit from income taxes, net income, net income per share, and adjusted income before interest, tax, depreciation and amortization (Adjusted EBITDA), in each case, adjusted to exclude certain costs, charges, gains and losses, as set forth below. We believe that these non-GAAP financial measures, when considered together with the GAAP financial measures provide information that is useful to investors in understanding period-over-period operating results separate and apart from items that may, or could, have a disproportionate positive or negative impact on results in any particular period. We also believe these non-GAAP measures enhance the ability of investors to analyze trends in our business and to understand our performance. In addition, we may utilize non-GAAP financial measures as a guide in our forecasting, budgeting and long-term planning process and to measure operating performance for some management compensation purposes. Any analysis of non-GAAP financial measures should be used only in conjunction with results presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures with the most directly comparable financial measures calculated in accordance with GAAP follow.



    1We have not reconciled Adjusted EBITDA guidance to its corresponding GAAP measure due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to merger and acquisition costs and share-based compensation. In particular, share-based compensation expense is affected by future hiring, turnover, and retention needs, as well as the future fair market value of our common stock, all of which are difficult to predict and subject to change. Accordingly, reconciliations of forward-looking Adjusted EBITDA are not available without unreasonable effort.

     

    Table 3

    AVIAT NETWORKS, INC.

    Fiscal Year 2025 First Quarter Summary

    RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES (1)

    Condensed Consolidated Statements of Operations

    (Unaudited)

     



    Three Months Ended



    September 27,

    2024



    % of

    Revenue



    September 29,

    2023



    % of

    Revenue



    (In thousands, except percentages and per share amounts)

    GAAP gross margin

    $           19,788



    22.4 %



    $           31,195



    35.9 %

    Share-based compensation

    104







    183





    Merger and acquisition and other expenses

    608







    43





    Non-GAAP gross margin

    20,500



    23.2 %



    31,421



    36.2 %

















    GAAP research and development expenses

    $           10,408



    11.8 %



    $             6,424



    7.4 %

    Share-based compensation

    (143)







    (146)





    Non-GAAP research and development expenses

    10,265



    11.6 %



    6,278



    7.2 %

















    GAAP selling and administrative expenses

    $           24,948



    28.2 %



    $           19,237



    22.1 %

    Share-based compensation

    (1,417)







    (1,505)





    Merger and acquisition and other expenses

    (3,781)







    (146)





    Non-GAAP selling and administrative expenses

    19,750



    22.3 %



    17,586



    20.2 %

















    GAAP operating (loss) income

    $         (15,568)



    (17.6) %



    $             4,890



    5.6 %

    Share-based compensation

    1,664







    1,834





    Merger and acquisition and other expenses

    4,389







    189





    Restructuring charges

    —







    644





    Non-GAAP operating (loss) income

    (9,515)



    (10.8) %



    7,557



    8.7 %

















    GAAP income tax (benefit) provision

    $           (5,514)



    (6.2) %



    $                432



    0.5 %

    Adjustment to reflect pro forma tax rate

    6,014







    (132)





    Non-GAAP income tax provision

    500



    0.6 %



    300



    0.3 %

















    GAAP net (loss) income

    $         (11,879)



    (13.4) %



    $             3,557



    4.1 %

    Share-based compensation

    1,664







    1,834





    Merger and acquisition and other expenses

    4,389







    189





    Restructuring charges

    —







    644





    Other expense, net

    710







    802





    Adjustment to reflect pro forma tax rate

    (6,014)







    132





    Non-GAAP net (loss) income

    $         (11,130)



    (12.6) %



    $             7,158



    8.2 %

















    Diluted net (loss) income per share:

    GAAP

    $             (0.94)







    $               0.30





    Non-GAAP

    $             (0.87)







    $               0.60





















    Shares used in computing diluted net (loss) income per share















    GAAP

    12,646







    11,943





    Non-GAAP

    12,804







    11,943





















    Adjusted EBITDA:















    GAAP net (loss) income

    $         (11,879)



    (13.4) %



    $             3,557



    4.1 %

    Depreciation and amortization of property, plant and equipment and intangible assets

    1,830







    1,344





    Interest expense, net

    1,115







    99





    Other expense, net

    710







    802





    Share-based compensation

    1,664







    1,834





    Merger and acquisition and other expenses

    4,389







    189





    Restructuring charges

    —







    644





    (Benefit from) provision for income taxes

    (5,514)







    432





    Adjusted EBITDA

    $           (7,685)



    (8.7) %



    $             8,901



    10.2 %





    (1)

    The adjustments above reconcile our GAAP financial results to the non-GAAP financial measures used by us. Our non-GAAP net income excluded share-based compensation, and other non-recurring charges (recovery). Adjusted EBITDA was determined by excluding depreciation and amortization on property, plant and equipment, interest, provision for or benefit from income taxes, and non-GAAP pre-tax adjustments, as set forth above, from GAAP net income. We believe that the presentation of these non-GAAP items provides meaningful supplemental information to investors, when viewed in conjunction with, and not in lieu of, our GAAP results. However, the non-GAAP financial measures have not been prepared under a comprehensive set of accounting rules or principles. Non-GAAP information should not be considered in isolation from, or as a substitute for, information prepared in accordance with GAAP. Moreover, there are material limitations associated with the use of non-GAAP financial measures.

     

    Table 4

    AVIAT NETWORKS, INC. 

    Fiscal Year 2025 First Quarter Summary

    SUPPLEMENTAL SCHEDULE OF REVENUE BY GEOGRAPHICAL AREA

    (Unaudited)

     



    Three Months Ended



    September 27,

    2024



    September 29,

    2023

    (In thousands)







    North America

    $                    42,225



    $                    54,853

    International:







    Africa and the Middle East

    10,450



    9,954

    Europe

    5,600



    5,252

    Latin America and Asia Pacific

    30,154



    16,850

    Total international

    46,204



    32,056

    Total revenue

    $                    88,429



    $                    86,909

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/aviat-networks-announces-fiscal-2025-first-quarter-and-three-month-financial-results-302296829.html

    SOURCE Aviat Networks, Inc.

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      3 - AVIAT NETWORKS, INC. (0001377789) (Issuer)

      2/3/25 4:43:32 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • President and CEO Smith Pete A was granted 12,896 shares, increasing direct ownership by 4% to 311,435 units (SEC Form 4)

      4 - AVIAT NETWORKS, INC. (0001377789) (Issuer)

      12/5/24 4:27:43 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $AVNW
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    • Aviat Networks Announces Fiscal 2025 Third Quarter and Nine Month Financial Results

      Total Revenue of $112.6 million; Up 1.6% Year-Over-Year Operating Income of $9.3 million; Non-GAAP Operating Income of $13.0 million Net Income of $3.5 million; Adjusted EBITDA of $14.9 million Diluted Earnings per Share of $0.27; Non-GAAP Diluted Earnings per Share of $0.88 AUSTIN, Texas, May 6, 2025 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (NASDAQ:AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2025 third quarter ended March 28, 2025. Third Quarter Highlights Acco

      5/6/25 4:20:00 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Aviat Networks Sets Date for Its Fiscal 2025 Third Quarter Financial Results Conference Call

      AUSTIN, Texas, April 29, 2025 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ:AVNW), the leading expert in wireless transport and access solutions, announced today that it will release its third quarter fiscal 2025 financial results for the period ended March 28, 2025, on May 6, 2025, after the market closes. The Company will host an earnings conference call and webcast to discuss its financial and operational results on the same day, beginning at 5:00 p.m. ET. Participating on the call will be Pete Smith, President and Chief Executive Officer, and Michael Connaway, Chief Financi

      4/29/25 4:30:00 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Aviat Networks Announces Fiscal 2025 Second Quarter and Six Month Financial Results

      Total Revenue of $118.2 million; Up 26.2% Year-Over-Year Operating Income of $8.0 million; Non-GAAP Operating income of $12.6 million Adjusted EBITDA of $14.8 million Non-GAAP Diluted Earnings per Share of $0.82 AUSTIN, Texas, Feb. 4, 2025 /PRNewswire/ -- Aviat Networks, Inc. ("Aviat Networks," "Aviat," or the "Company"), (NASDAQ:AVNW), the leading expert in wireless transport and access solutions, today reported financial results for its fiscal 2025 second quarter ended December 27, 2024. Second Quarter Highlights Completed 18th consecutive quarter of trailing twelve month re

      2/4/25 4:05:00 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $AVNW
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

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    • Director Akkaraju Laxmi bought $14,265 worth of shares (900 units at $15.85), increasing direct ownership by 7% to 13,285 units (SEC Form 4)

      4 - AVIAT NETWORKS, INC. (0001377789) (Issuer)

      12/2/24 5:37:07 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Director Klein Michele was granted 8,339 shares and bought $19,530 worth of shares (1,400 units at $13.95), increasing direct ownership by 76% to 22,561 units (SEC Form 4)

      4 - AVIAT NETWORKS, INC. (0001377789) (Issuer)

      11/12/24 4:33:27 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • SVP & Chief Financial Officer Connaway Michael bought $49,455 worth of shares (3,500 units at $14.13), increasing direct ownership by 6% to 57,893 units (SEC Form 4)

      4 - AVIAT NETWORKS, INC. (0001377789) (Issuer)

      11/12/24 4:32:59 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $AVNW
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    • Lake Street initiated coverage on Aviat Networks with a new price target

      Lake Street initiated coverage of Aviat Networks with a rating of Buy and set a new price target of $51.00

      6/6/23 9:14:14 AM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • JMP Securities initiated coverage on Aviat Networks with a new price target

      JMP Securities initiated coverage of Aviat Networks with a rating of Mkt Outperform and set a new price target of $50.00

      9/1/22 7:12:29 AM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Roth Capital reiterated coverage on Aviat Networks with a new price target

      Roth Capital reiterated coverage of Aviat Networks with a rating of Buy and set a new price target of $51.00 from $49.00 previously

      8/26/21 8:49:17 AM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $AVNW
    Leadership Updates

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    • Aviat Networks Appoints Scott K. Halliday to Board of Directors

      Brings extensive experience from serving on and advising Boards, with a strong background in Financial Audit and Governance AUSTIN, Texas, Feb. 3, 2025 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ:AVNW), the expert in wireless transport and access solutions, today announced that Scott Halliday was appointed to the Company's Board of Directors effective January 31, 2025. Halliday, who is independent, will also serve on the Audit Committee. Halliday brings 38 years of experience with EY (formerly Ernst & Young) in senior and board-level positions, including Chairman of EY's Unit

      2/3/25 4:15:00 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Aviat Networks Appoints Michael Connaway as Chief Financial Officer

      AUSTIN, Texas, May 28, 2024 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the leading expert in wireless transport and access solutions, is announcing the appointment of Michael C. Connaway as Senior Vice President and Chief Financial Officer. Mr. Connaway's employment with the Company is effective as of today, and he will serve as the Company's Principal Financial Officer. "We are thrilled to welcome Michael to the Aviat team. Given his tremendous track record across multiple industries, end markets, and operating environments and his past success leading profit and lo

      5/28/24 5:00:00 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Ceragon's Board Unanimously Rejects Aviat's Revised Indication of Interest

      Revised IOI Continues to Significantly Undervalue Ceragon and Remains Highly Conditional Ceragon Urges its Shareholders to Protect Their Investment by Voting the WHITE Proxy Card AGAINST Aviat's Attempt to Take Control of the Board ROSH HA'AIN, Israel, Aug. 8, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT) (the "Company", "Ceragon", "we", "us", or "our") today issued the following letter to shareholders concerning the response of Ceragon's Board of Directors (the "Board") to the revised unsolicited, highly conditional, non-binding indication of interest from Aviat Networks, Inc. (NASDAQ:AVNW), a competitor of Ceragon. The letter to shareholders and other supplemental information wi

      8/8/22 7:00:00 AM ET
      $AVNW
      $CRNT
      Radio And Television Broadcasting And Communications Equipment
      Technology

    $AVNW
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Amendment: SEC Form SC 13G/A filed by Aviat Networks Inc.

      SC 13G/A - AVIAT NETWORKS, INC. (0001377789) (Subject)

      11/12/24 1:25:54 PM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Amendment: SEC Form SC 13G/A filed by Aviat Networks Inc.

      SC 13G/A - AVIAT NETWORKS, INC. (0001377789) (Subject)

      11/4/24 11:21:30 AM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology
    • Amendment: SEC Form SC 13G/A filed by Aviat Networks Inc.

      SC 13G/A - AVIAT NETWORKS, INC. (0001377789) (Subject)

      10/15/24 10:15:40 AM ET
      $AVNW
      Radio And Television Broadcasting And Communications Equipment
      Technology