AVNW · NASDAQ · Communication Equipment

Aviat Networks (AVNW)

Supplies wireless transport and access products and services to network operators.

$19.93
vs last close−0.11 (−0.54%)
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Aviat Networks, Inc.AVNW
Information Technology

Supplies microwave transport and wireless-access networking products, plus supporting services, to communications service providers and private-network operators. Recent acquisitions widened the portfolio from wireless transport into industrial radios and private LTE/5G access.

Supplies microwave transport and wireless-access networking products, along with supporting services, to communications service providers and private-network operators. The business grew out of the Harris MCD–Stratex combination and later adopted the Aviat name, linking its present portfolio to a longer wireless-networking lineage.

Wireless transport remains central, while the Redline, NEC Wireless Transport, and 4RF transactions broadened access capabilities. Those additions brought industrial point-to-point and point-to-multipoint equipment, private LTE/5G access, industrial narrowband radios, and private LTE/5G routers. Operations also incorporate acquired customer bases and services; the stated approach depends on integrating these products and applying services and operations across the acquired businesses.

Company facts

CEOPeter A. Smith
ListedJan 29, 2007
ExchangeNASDAQ
HeadquartersAustin, TX
CountryUnited States
Employees923
CIK0001377789
ISINUS05366Y2019

Market cap$259.3M
EPS (ttm)$0.1925
P/E (ttm)104.10
ROE0.9%
P/B0.9698
P/S0.5898
Dividend yieldDiv yield
Beta1.60vs XLK 0.19

Price target$31.00+54.7%Average of 12 analysts
ConsensusBuy9 of 12 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Jul 2, 2026Northland SecuritiesTarget
Target: $25
Target: $30
Jun 30, 2026Craig-HallumInitiate
Rating: Target:
Rating: BuyTarget: $36
Jun 15, 2026Northland SecuritiesTarget
Target: $20
Target: $25
Jun 15, 2026Northland Capital MarketsUpgrade
Rating: Market Perform
Rating: Outperform
May 5, 2026Lake StreetReiterate
Rating: Target: $34
Rating: BuyTarget: $31

Next report
Nov 3, 26
in 41 days
EPS estimate
$0.30
Revenue estimate
$103.5M
Fiscal quarter
Q1 FY27

EPSReportedEstimate

Feb '25May '25Sep '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.82$0.88$0.83$0.43$0.54$0.06$0.64Pending
Estimate$0.09$0.23$0.43$0.32$0.48$0.42$0.55$0.30
Surprise+811.1%+282.6%+93.0%+34.4%+12.5%−85.7%+17.2%

RevenueReportedEstimate

Feb '25May '25Sep '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$118.2M$112.6M$112.6M$107.3M$111.5M$100.0M$120.9MPending
Estimate$103.6M$114.7M$109.3M$112.8M$109.7M$106.4M$110.1M$103.5M
Surprise+14.1%−1.8%+3.1%−4.9%+1.6%−6.0%+9.8%
Estimate$0.30
ReportedDue Nov 3, 2026
Estimate$103.5M
ReportedDue Nov 3, 2026
View details

Debt to equity37.10%
Current ratio196.80%

ProfitabilityRevenueNet incomeNet margin

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$88.4M$118.2M$112.6M$115.3M$107.3M$111.5M$100.0M$120.9M
Net income−$11.9M$4.5M$3.5M$5.2M$162.0K$5.7M−$2.1M−$1.3M
Net margin0.0%3.8%3.1%4.5%0.2%5.1%0.0%0.0%

GrowthOperating income

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Operating income−$15.6M$8.0M$9.3M−$12.3M$5.2M$7.3M$1.3M$5.8M
YoY growthTurned loss+108.0%Turned profitTurned lossTurned profit−8.3%−86.4%Turned profit

Balance sheet, Jul 3, 2026Cash & short-term investments $72.8M · Total debt $99.2M · Total assets $599.0M · Shareholders' equity $267.4M

Revenue
$120.9M
Operating income
$5.8M
Net income
−$1.3M
View details

No dividends on record.

Institutions82.10%10.51M shares
130 holders · as of Jun 30, 2026
Insiders6.21%795.2K shares
13 holders · as of Sep 14, 2026
Strategic holders11.82%1.51M shares
2 holders · as of Jan 29, 2024
Adds to100.13%

12.80M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

These groups come from separate filings that can overlap, so they add to 100.13%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Paradigm Capital Management Inc/NYInstitution
6.91%884,112filed Feb 12, 2024
BlackRock, Inc.Institution
6.59%844,050as of Jun 30, 2026
BlackRock, Inc.Strategic
6.06%775,885filed Jan 29, 2024
NEC CorporationStrategic
5.76%736,750filed Dec 6, 2023
Tieton Capital Management, LLCInstitution
5.28%676,440as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 31, 2026Erin Boaseofficer: VP Legal Affairs−1,347$19.69
Aug 31, 2026Pete A. Smithofficer: President and CEO−14,264$19.69
Aug 31, 2026Gary Crokeofficer: SVP of Product and Innovation−629$19.69
Feb 9, 2026Pete A. Smithofficer: President and CEO−17,086$26.33
Feb 6, 2026Gary Crokeofficer: SVP of Product and Innovation−6,914$26.20
View details

  • Ericsson (ADR)

    Mobile-operator microwave transport and private-network rival

  • Ceragon Networks

    Pure-play microwave and millimeter-wave transport specialist

  • Nokia (ADR)

    Microwave transport and carrier-network infrastructure rival

  • GE Vernova

    Industrial wireless and licensed microwave communications rival

Compare

CompanyPriceChange
Aviat Networks$19.93−0.54%$259.3M104.17.30.6+7.3%
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Median27.322.82.0+8.2%