Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Aviat Networks, Inc.

AVNWNASDAQ
Wall Street Score · overall investment26/100
$20.71USD+$0.18 (+0.88%)
Company website www.aviatnetworks.com
Headquarters200 Parker Drive, Austin, TX, 78728, US
Financial statement currencyUSD · no FX conversion applied
Technology · Communication Equipment
Price updated todayFinancials updated Oct 1, 2026

AVNW · Price history

Price at last available close

$20.71

+$1.10 (+5.61%) 1M

2026-10-29

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Company & revenue

About Aviat Networks, Inc.

Primary reporting period: 2026-07-03 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Aviat Networks, Inc. operates globally, specializing in the provision of wireless transport solutions. The company furnishes an extensive portfolio of products complemented by localized professional and support services, all designed to empower customers in simplifying their network infrastructure and enhancing their operational ease. Its core offerings primarily feature advanced wireless transmission systems, tailored for both microwave and millimeter wave networking applications.

How they make money

Aviat Networks generates revenue by designing, manufacturing, and selling wireless networking products, including microwave and millimeter wave transmission systems. The company also provides a comprehensive suite of professional services, such as network design, engineering, installation, and managed services, while increasingly utilizing e-commerce platforms to sell directly to customers.

Products & services

Wireless networking solutions including outdoor, indoor, and split-mount radios, microwave routers, private LTE/5G equipment, and software for network design, monitoring, and health assurance.

Brands & revenue mix

Aviat

The primary brand under which the company markets its wireless transport and access solutions.

Separate brand revenue is not available in this research.Source

Aviat Store

The company's e-commerce platform for direct online sales of radio products.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

ProductUSD 314.22M71.5%

Period ended 2026-07-03Source

ServiceUSD 125.46M28.5%

Period ended 2026-07-03Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Geographic revenue

North AmericaUSD 220.03M50.0%

Period ended 2026-07-03Source

Latin America and Asia PacificUSD 119.65M27.2%

Period ended 2026-07-03Source

Africa and Middle EastUSD 57.95M13.2%

Period ended 2026-07-03Source

EuropeUSD 42.04M9.6%

Period ended 2026-07-03Source

Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.

Customer types

  • Mobile and fixed public network operatorsSource
  • Private network operatorsSource
  • Wireless internet service providersSource

Customer concentration

The company typically discloses that a limited number of customers account for a significant portion of its annual revenue, though specific names are often withheld for competitive reasons.

Suppliers, materials & equipment

  • Contract Manufacturers — The company utilizes third-party contract manufacturers to assemble and produce various hardware components.Source

Competitors

  • Ceragon Networks — A global provider of wireless backhaul solutions that competes directly in the microwave networking market.Source
  • NEC Corporation — A diversified technology company that competes with Aviat in the wireless transport and microwave infrastructure space.Source

Strengths

  • Expertise in wireless transport and access solutionsSource
  • Integrated suite of professional and managed servicesSource

Risks

  • Dependence on a limited number of customers for a significant portion of revenueSource
  • Risks associated with international operations and supply chain disruptionsSource

Financial risk observations and what to check

These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-07-03.

Quarterly EPS turned negative at -0.10 versus 0.40 a year earlier.

Separate recurring operating losses from noncash or one-time charges, and check cash flow rather than interpreting negative EPS as a cash-outflow amount.

Quarterly net income turned from a profit to a loss versus the same quarter last year.

Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

26

Poor

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

36

Poor

Financial Strength

41

Business Quality / Moat

39

Management

28

Growth Quality

22

Risk / Durability

54

Weak Company · Expensive Stock

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

17

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

27/100

Building Historical Record

Model Score 27/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.

The model outlook is currently cautious.

What we like
  • •Recent buyback activity is present
What to watch
  • •Valuation is a weaker part of the current profile
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for AVNW

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can AVNW maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •Is AVNW's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •Does AVNW's balance between cash and debt leave enough flexibility if business conditions weaken?
  • •What future growth or profitability would be needed to justify AVNW's current valuation?
  • •What does the current fundamental change risk warning mean for the reliability or interpretation of AVNW's score?
Business analysis: 17 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

26

0–100 · Poor

Opportunity Score

17

0–100 · Poor

Market Cap

$266.3M

P/E Ratio

104.2

EPS

$0.19

52-Week High

$27.02

52-Week Low

$13.92

Beta

0.70

Intrinsic Value

$4.90

Analyst Target

$31.00

Shares Outstanding

12.9M

Total Revenue

$439.7M

Total Debt

$99.2M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$20.70

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
64/ 100
+33 pts / 5d

Neutral / mixed momentum

5D +10.6% · 20D +2.9% · RSI 50 · Price vs 20D avg +3.3%
Volatility
36/ 100
+6 pts / 5d

Normal movement

20D realized vol 41.3% · 60D 40.2% · Acceleration 1.03x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for AVNW

Detected from reported data — verify before acting.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on AVNW.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Expertise in wireless transport and access solutions.
  • +Integrated suite of professional and managed services.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Communication Equipment industry.
  • −Dependence on a limited number of customers for a significant portion of revenue.
  • −Risks associated with international operations and supply chain disruptions.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak26/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Poor

26

Tap for breakdown →

Weak

44

Debt Cost7.7%
Debt Reduction YoY-9.1%
Debt / Equity0.37x

Tap for breakdown →

Poor

21

Revenue YoY0.0%
Revenue CAGR3.8%
Net Margin0.6%

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Fair

60

Asset Growth YoY-5.4%
Liquidation/Share$20.70
Net Assets/MCap1.93x

Tap for breakdown →

Poor

6

Earnings Yield1.0%
Buyback Yield0.3%
Debt Cost7.7%

Tap for breakdown →

Poor

28

ROIC4.7%
ROE0.9%
ROA0.4%

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Poor

39

EPS Growth-7.8%
FCF/Share Growth-17.4%
Rev/Share Growth4.2%

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Poor

0

Intrinsic Value$4.90
Value Reference$2.94
MOS-318.9%

Tap for breakdown →

Poor

34

Revenue21
Moat39
Valuation0

Tap for breakdown →

Poor

0

MOS %-318.9%
Value Reference$2.94
Deep Discount Reference$1.96

Tap for breakdown →

Poor

34

Interest Coverage2.5x
ROIC4.7%
FCF Yield2.3%

Tap for breakdown →

Poor

21

Financial34
Valuation0
Debt44

Tap for breakdown →

Weak

47

Survival Years0.6 yrs
Current Ratio1.97x
FCF Margin1.4%

Tap for breakdown →

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Score Changes

6 historical score records available

Previous Score

26

Sep 9, 2026

Change

-0.1

points

Current Score

26

Oct 1, 2026

Category Changes

Revenue-0.3
Debt0
Assets0
Capital-1.0
Management0
Moat0
Valuation0
Buffett-0.1

AVNW decreased 0.1 points because some fundamentals weakened.

Projected Score

Projected Score

19

Projected Change

-7.0 points

Preliminary comparable-period financial changes suggest decline of approximately 7.0 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Overvalued

Current Price

$20.71

Model Intrinsic Value

$4.90

Difference

+$15.81

+322.6% vs IV

Margin of Safety

-322.6%

UndervaluedFair ValueOvervalued
Value Reference: $2.94
Deep Discount Reference: $1.96

Financial Charts

Revenue

201520162017201820192020202120222023202420252026$0$150M$300M$450M$600M

Additional Metrics

Operating Cash Flow

201620182020202220242026-$11M$0$11M$21M$32M

Total Debt

201620182020202220242026$0$25M$50M$75M$100M

Total Assets

201620182020202220242026$0$200M$400M$600M$800M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2026202520242023202220212020201920182017
Revenue$439.7M$439.7M$434.6M$408.1M····························
Cost of Revenue$301.4M$301.4M$295.2M$263.4M····························
Gross Profit$138.3M$138.3M$139.4M$144.7M····························
Research & Development$28.4M$28.4M$35.8M$36.4M····························
SG&A Expenses$88.5M$88.5M$89.5M$85.0M····························
Operating Expenses$118.7M$118.7M$150.0M$164.1M····························
EBITDA$27.0M$27.0M$17.7M$24.2M····························
Operating Income$19.6M$19.6M-$10.6M-$19.4M····························
Interest Expense$7.7M$7.7M$6.1M$2.3M····························
Income Before Tax$13.2M$13.2M$3.6M$16.9M····························
Income Tax Expense$10.7M$10.7M$2.2M$6.1M····························
Net Income$2.5M$2.5M$1.3M$10.8M····························
Basic EPS$0.19$0.20$0.11$0.88····························
Basic Shares12.92M12.92M12.68M12.18M····························
Diluted Shares12.92M12.92M12.83M12.46M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 3, 2026
Estimated EPS: $0.32Estimated revenue: $103.5M
Jul 3, 2026Q4FY2026

Revenue

$120.9M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

-$0.10

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+9.1%

Cash Change

+22.0%

Margin Change

-5.6 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Cash position grew

What Weakened

  • Margins contracted
  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, cash levels. Pressure indicators included EPS growth, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 4.8%. EPS declined 125.0%. Cash increased 22.0%. Total debt increased 9.1%. Net income margin declined by 5.6 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 118 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

6 historical records
Jul 19, 26Jul 23, 26Aug 11, 26Sep 1, 26Sep 9, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Debt Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Revenue Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Asset Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Capital Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Management Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Moat Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Valuation Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Buffett Score

Sep 1, 26Sep 9, 26Oct 1, 260255075100

Intrinsic Value

Sep 1, 26Sep 9, 26Oct 1, 26$2.00$3.00$4.00$5.00$6.00

Value Reference

Sep 1, 26Sep 9, 26Oct 1, 26$0.00$1.00$2.00$3.00$4.00

Margin of Safety %

Sep 1, 26Sep 9, 26Oct 1, 26-3.0%-2.0%-1.0%0.0%1.0%

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News

Rumor Mill · AVNW

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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