Aviat Networks (NASDAQ:AVNW – Get Free Report) posted its quarterly earnings data on Tuesday. The communications equipment provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.18), FiscalAI reports. Aviat Networks had a return on equity of 5.85% and a net margin of 0.58%. The company had revenue of $101.97 million during the quarter, compared to the consensus estimate of $103.55 million.
Here are the key takeaways from Aviat Networks’ conference call:
- Demand and backlog strengthened: First-quarter bookings exceeded $150 million, up 75% year over year, with a book-to-bill ratio above 1.5 and backlog up $70 million, or 19%, sequentially. Management said demand for its major MDU program exceeds what it can currently serve because of component constraints.
- Supply issues weighed on quarterly results: Revenue declined to $102.0 million from $107.3 million a year earlier, while non-GAAP gross margin fell to 29.6% from 33.8%. Management estimated component shortages and a Thailand flood together reduced revenue by about $10 million, and said competition for components is likely to persist near term.
- Guidance reflects demand and customer mix changes: Aviat set fiscal 2027 revenue guidance at $450 million–$475 million and maintained adjusted EBITDA guidance of $50 million–$55 million. It plans to exit $25 million–$30 million of low-margin APAC revenue, which management expects to have no profitability impact and may improve gross margin by 1%–2%.
- Product momentum and new opportunities: Aprisa bookings rose 61% year over year, and the company launched LEO satellite integration and a quad all-outdoor radio. Aviat also received its first BEAD-related order, though management expects the program to contribute mainly in calendar 2027 and beyond.
Aviat Networks Price Performance
NASDAQ:AVNW opened at $15.86 on Wednesday. The business’s 50-day simple moving average is $19.75 and its two-hundred day simple moving average is $21.05. Aviat Networks has a 52 week low of $13.92 and a 52 week high of $27.02. The stock has a market cap of $203.96 million, a PE ratio of 83.47 and a beta of 0.77. The company has a quick ratio of 1.66, a current ratio of 1.97 and a debt-to-equity ratio of 0.33.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AVNW. Citigroup reiterated a “market outperform” rating on shares of Aviat Networks in a research note on Friday, August 28th. Roth Capital restated a “buy” rating and set a $38.00 target price (up from $34.00) on shares of Aviat Networks in a research note on Friday, August 28th. Wall Street Zen upgraded shares of Aviat Networks from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. B. Riley Financial reaffirmed a “buy” rating and set a $33.00 price target (up from $28.00) on shares of Aviat Networks in a report on Friday, August 28th. Finally, Zacks Research upgraded shares of Aviat Networks from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.71.
View Our Latest Report on Aviat Networks
Key Aviat Networks News
Here are the key news stories impacting Aviat Networks this week:
- Positive Sentiment: Management’s FY 2027 revenue outlook of $450 million to $475 million brackets analysts’ $464.2 million estimate, and adjusted EBITDA is projected at $50 million to $55 million. The company also reported record bookings, a potential support for future demand. Aviat FY 2027 outlook Aviat Q1 2027: Margin Collapse Offset by Record Bookings
- Neutral Sentiment: The revenue guidance midpoint is close to the analyst consensus, suggesting the forecast is broadly in line rather than a clear upgrade or downgrade. Aviat FY 2027 outlook
- Negative Sentiment: Quarterly EPS was $0.12, well below estimates of about $0.30–$0.32 and down from $0.43 a year earlier. Revenue of $101.97 million also missed the $103.55 million consensus. The reports characterize the quarter as involving a margin collapse, raising concerns about profitability despite strong bookings. Aviat Q1 earnings and revenue miss estimates Aviat Q1 2027: Margin Collapse Offset by Record Bookings
Insider Transactions at Aviat Networks
In related news, VP Erin Boase sold 1,347 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $19.69, for a total transaction of $26,522.43. Following the completion of the sale, the vice president owned 28,275 shares in the company, valued at approximately $556,734.75. This trade represents a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Pete Smith sold 14,264 shares of Aviat Networks stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $19.69, for a total value of $280,858.16. Following the sale, the chief executive officer directly owned 367,840 shares in the company, valued at $7,242,769.60. This trade represents a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 16,240 shares of company stock valued at $319,766. Corporate insiders own 5.70% of the company’s stock.
About Aviat Networks
Aviat Networks, Inc. provides wireless networking solutions for communications service providers, government agencies and enterprises. The company specializes in mission-critical connectivity for applications where reliable, high-capacity communications are essential, including telecommunications, public safety, utilities, transportation and defense. Its product portfolio includes microwave and millimeter-wave wireless transmission systems, routers, access and aggregation equipment, network management software and related cybersecurity solutions.
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