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Aviat Networks Inc (AVNW.OQ)

AVNW.OQ on NASDAQ Stock Exchange Global Select Market

19.90USD
14 Aug 2020
Change (% chg)

$-1.09 (-5.19%)
Prev Close
$20.99
Open
$20.95
Day's High
$21.15
Day's Low
$19.81
Volume
5,785
Avg. Vol
11,632
52-wk High
$22.48
52-wk Low
$7.28

Latest Key Developments (Source: Significant Developments)

Aviat Networks Sees Q2 2020 Revenue $55.5 Million To $56.5 Million
Thursday, 23 Jan 2020 

Jan 22 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS PROVIDES UPDATE ON ITS FISCAL 2020 SECOND QUARTER AND SIX-MONTH RESULTS AND ADDITIONAL COMMENTARY ON ITS FISCAL YEAR OUTLOOK.SEES Q2 2020 REVENUE $55.5 MILLION TO $56.5 MILLION.AVIAT NETWORKS - Q2, H1 RESULTS ARE ANTICIPATED TO BE LOWER THAN PREVIOUSLY FORECASTED DUE TO CYBERATTACK AT 1 OF CO'S CONTRACT MANUFACTURING VENDORS.CYBERATTACK EFFECTIVELY SHUT DOWN VENDOR'S PRODUCTION AND SHIPMENTS OF AVIAT PRODUCTS FOR A THREE-WEEK PERIOD.CO'S REVENUE, GROSS MARGINS AND ANTICIPATED PROFITABILITY FOR FIRST HALF OF ITS FISCAL 2020 WERE AFFECTE BY CYBERATTACK.NON-GAAP OPERATING LOSS IN FISCAL 2020 Q2 IS ANTICIPATED TO BE $0.9 MILLION TO $1.1 MILLION.AVIAT NETWORKS SAYS "IT'S DISAPPOINTING TO COME IN BELOW OUR PRIOR GUIDANCE".SEES ADJUSTED EBITDA IN FISCAL 2020 Q2 IS ANTICIPATED TO BE NEAR BREAK-EVEN.VENDOR LOST PRODUCTION CAPACITY FOR THREE WEEKS OF QUARTER, OR ABOUT 23% OF ITS AVAILABLE CAPACITY.AVIAT NETWORKS - VENDOR LOST PRODUCTION CAPACITY FOR THREE WEEKS OF QUARTER, RESULTING IN MISSING TOP-LINE BUDGET BY ABOUT 5%.REVENUE OUTLOOK FOR FISCAL YEAR HAS NOT CHANGED.TOTAL REVENUE IS EXPECTED TO BE $55.5 TO $56.5 MILLION IN FISCAL 2020 Q2.GROSS MARGINS ARE ANTICIPATED TO BE 32.5% TO 33.0% IN FISCAL 2020 Q2.  Full Article

Aviat Networks Reports Q4 Non-Gaap Earnings Per Share Of $0.47
Wednesday, 28 Aug 2019 

Aug 27 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS ANNOUNCES FISCAL 2019 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.47.Q4 GAAP EARNINGS PER SHARE $0.69.Q4 REVENUE ROSE 2.8 PERCENT TO $64.2 MILLION.COMPANY PROVIDES FISCAL 2020 FIRST HALF GUIDANCE.AVIAT NETWORKS - SEES SIGNIFICANT BOTTOM-LINE IMPROVEMENTS IN H1 2020 BASED ON STRONG PERFORMANCE IN N.AMERICA,FISCAL 2019 BOOKINGS .ANTICIPATES REVENUE IN FIRST HALF OF FISCAL 2020 TO BE MODESTLY DOWN COMPARED TO PRIOR FISCAL YEAR PERIOD.ADJUSTED EBITDA IN FIRST HALF OF FISCAL 2020 IS ANTICIPATED TO BE APPROXIMATELY $7.5 MILLION.CO ANTICIPATES STRONG PROFITABILITY IN BOTH FISCAL 2020 FIRST AND SECOND QUARTERS.  Full Article

Aviat Networks Expects Q4 2019 Revenue To Be In The Range Of $63 Million To $65 Million
Friday, 16 Aug 2019 

Aug 15 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS INC - EXPECTS ITS FISCAL 2019 FOURTH QUARTER REVENUE TO BE IN THE RANGE OF $63 MILLION TO $65 MILLION.AVIAT NETWORKS INC - CONSISTENT WITH PRIOR GUIDANCE, GROSS MARGIN FOR FISCAL 2019 IS EXPECTED TO BE APPROXIMATELY 33%.AVIAT NETWORKS INC - SLOWDOWN IN SPENDING IN AFRICA CONTINUED TO IMPACT CO'S BUSINESS RELATIVE TO EXPECTATIONS.  Full Article

Aviat Networks Inc Entered Into Amendment No. 2 To Third Amended And Restated Loan And Security Agreement
Thursday, 13 Jun 2019 

June 12 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS INC - ENTERED INTO AMENDMENT NO. 2 TO THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT - SEC FILING.AVIAT NETWORKS INC - REVOLVING LINE MATURITY DATE IS CHANGED TO JUNE 29, 2020 AND REVOLVING LINE AND SINGAPORE SUBLIMIT AMOUNTS ARE CHANGED TO $25 MILLION.AVIAT NETWORKS INC - AMENDMENT AMENDS TERMS OF COMPANY'S THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, DATED AS OF JUNE 29, 2018.  Full Article

Aviat Networks Announces Q3 Earnings Per Share Of $0.78
Tuesday, 14 May 2019 

May 13 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS ANNOUNCES FISCAL 2019 THIRD QUARTER AND NINE-MONTH FINANCIAL RESULTS; PROVIDES UPDATE TO ITS FISCAL 2019 FULL YEAR OUTLOOK.Q3 NON-GAAP LOSS PER SHARE $0.33.Q3 GAAP EARNINGS PER SHARE $0.78.Q3 REVENUE $54 MILLION VERSUS $62.1 MILLION.SEES FY 2019 REVENUE ABOUT $246 MILLION TO $251 MILLION.SEES Q4 2019 REVENUE $66 MILLION TO $71 MILLION.SEES FY 2019 REVENUE UP ABOUT 1 TO 3 PERCENT.NARROWED RANGE FROM COMPANY'S PRIOR REVENUE GUIDANCE IS RELATED TO CURRENT AND ANTICIPATED SLOWDOWN IN SPENDING IN AFRICA.ADJUSTED EBITDA IN FISCAL 2019 Q4 IS ANTICIPATED TO BE APPROXIMATELY $7.0 MILLION.SEES FISCAL 2019 ADJUSTED EBITDA OF $11.0 MILLION - $12.0 MILLION.  Full Article

Aviat Networks Sees Q4 2019 Revenue Of $66 Mln To $71 Mln
Tuesday, 7 May 2019 

May 7 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS PROVIDES PRELIMINARY FISCAL 2019 THIRD QUARTER RESULTS AND UPDATES ITS FISCAL 2019 GUIDANCE; COMPANY ANTICIPATES YEAR-OVER-YEAR GROWTH AND IMPROVED BOTTOM-LINE PERFORMANCE.SEES Q4 2019 REVENUE $66 MILLION TO $71 MILLION.SEES FY REVENUE ABOUT $246 MILLION TO $251 MILLION.Q3 REVENUE $54 MILLION.FISCAL 2019 Q3 CASH POSITION EXPECTED TO INCREASE BY APPROXIMATELY $4.5 MILLION..  Full Article

Aviat Networks Announces Q1 Revenue of $60.5 Million
Tuesday, 13 Nov 2018 

Nov 12 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS ANNOUNCES FISCAL 2019 FIRST QUARTER FINANCIAL RESULTS.Q1 NON-GAAP LOSS PER SHARE $0.12 FROM CONTINUING OPERATIONS.Q1 GAAP LOSS PER SHARE $0.14 FROM CONTINUING OPERATIONS.Q1 REVENUE ROSE 7.7 PERCENT TO $60.5 MILLION.SEES FY 2019 REVENUE $250 MILLION TO $260 MILLION.Q1 NON-GAAP LOSS PER SHARE $0.12.SEES FY 2019 REVENUE UP ABOUT 4 TO 7 PERCENT.FOR FIRST HALF OF FISCAL 2019, COMPANY ANTICIPATES REVENUE TO BE IN RANGE OF $121.0 TO $125.0 MILLION.FOR FIRST HALF OF FISCAL 2019, NON-GAAP GROSS MARGINS ARE ANTICIPATED TO BE APPROXIMATELY 32.0% TO 33.0%.FOR FIRST HALF OF FISCAL 2019, NON-GAAP OPERATING INCOME IS EXPECTED TO BE IN RANGE OF APPROXIMATELY $2.5 TO $3.5 MILLION.ANTICIPATES FISCAL 2019 REVENUE TO BE IN RANGE OF $250.0 TO $260.0 MILLION.  Full Article

Aviat Networks wins $10 million in u.s. utility business
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS WINS $10 MILLION IN U.S. UTILITY BUSINESS.AVIAT NETWORKS INC - ANNOUNCED NEW ORDERS RECEIVED IN COMPANY'S FISCAL 2019 Q2 WORTH ABOUT $10 MILLION FROM CUSTOMERS IN U.S. UTILITY SEGMENT.  Full Article

Aviat Networks Expands Business With U.S. Navy
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS EXPANDS BUSINESS WITH THE U.S. NAVY.AVIAT NETWORKS INC - NEW PROJECT WINS WITH U.S. NAVY TO IMPROVE COMMUNICATIONS AT NAVAL TRAINING BASES.  Full Article

Aviat Networks Q4 Earnings Per Share $0.01
Wednesday, 29 Aug 2018 

Aug 28 (Reuters) - Aviat Networks Inc ::AVIAT NETWORKS ANNOUNCES FISCAL 2018 FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS.Q4 NON-GAAP EARNINGS PER SHARE $0.51 FROM CONTINUING OPERATIONS.Q4 GAAP EARNINGS PER SHARE $0.01 FROM CONTINUING OPERATIONS.Q4 REVENUE ROSE 10.8 PERCENT TO $62.5 MILLION.SEES FY 2019 REVENUE $255 MILLION TO $265 MILLION.Q4 NON-GAAP EARNINGS PER SHARE $0.51.Q4 EARNINGS PER SHARE $0.01.SEES FY 2019 REVENUE UP ABOUT 5.2 TO 9.3 PERCENT.  Full Article