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Aviat Networks

Nasdaq:AVNW
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AVNW
Nasdaq
$71M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. The last earnings update was 38 days ago. More info.


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AVNW Share Price and Events
7 Day Returns
-2.4%
NasdaqGS:AVNW
1.7%
US Communications
1.2%
US Market
1 Year Returns
-21.7%
NasdaqGS:AVNW
13%
US Communications
3%
US Market
AVNW Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aviat Networks (AVNW) -2.4% -11.2% 7.5% -21.7% 68.7% -31%
US Communications 1.7% 5.5% 21.9% 13% 77.2% 86.1%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • AVNW underperformed the Communications industry which returned 13% over the past year.
  • AVNW underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
AVNW
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Aviat Networks undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Aviat Networks. This is due to cash flow or dividend data being unavailable. The share price is $13.24.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aviat Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aviat Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:AVNW PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-28) in USD $-0.19
NasdaqGS:AVNW Share Price ** NasdaqGS (2019-03-20) in USD $13.24
United States of America Communications Industry PE Ratio Median Figure of 33 Publicly-Listed Communications Companies 30.4x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aviat Networks.

NasdaqGS:AVNW PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:AVNW Share Price ÷ EPS (both in USD)

= 13.24 ÷ -0.19

-70.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aviat Networks is loss making, we can't compare its value to the US Communications industry average.
  • Aviat Networks is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Aviat Networks's expected growth come at a high price?
Raw Data
NasdaqGS:AVNW PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -70.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Communications Industry PEG Ratio Median Figure of 21 Publicly-Listed Communications Companies 1.37x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Aviat Networks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aviat Networks's assets?
Raw Data
NasdaqGS:AVNW PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-28) in USD $11.73
NasdaqGS:AVNW Share Price * NasdaqGS (2019-03-20) in USD $13.24
United States of America Communications Industry PB Ratio Median Figure of 67 Publicly-Listed Communications Companies 1.84x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGS:AVNW PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:AVNW Share Price ÷ Book Value per Share (both in USD)

= 13.24 ÷ 11.73

1.13x

* Primary Listing of Aviat Networks.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aviat Networks is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess Aviat Networks's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Aviat Networks has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Aviat Networks expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aviat Networks has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.2%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aviat Networks expected to grow at an attractive rate?
  • Unable to compare Aviat Networks's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Aviat Networks's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Aviat Networks's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:AVNW Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 15.2%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:AVNW Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:AVNW Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-28 250 -2 -1
2018-09-28 247 -4 2
2018-06-29 243 8 2
2018-03-30 236 3 0
2017-12-29 233 10 3
2017-09-29 240 11 -1
2017-06-30 242 9 -1
2017-03-31 244 7 -15
2016-12-30 245 2 -22
2016-09-30 247 2 -30
2016-07-01 269 0 -30
2016-04-01 298 8 -17
2016-01-01 313 7 -22

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Aviat Networks is high growth as no earnings estimate data is available.
  • Unable to determine if Aviat Networks is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:AVNW Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Aviat Networks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AVNW Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-28 -0.19
2018-09-28 0.33
2018-06-29 0.35
2018-03-30 0.06
2017-12-29 0.48
2017-09-29 -0.16
2017-06-30 -0.16
2017-03-31 -2.76
2016-12-30 -4.21
2016-09-30 -5.62
2016-07-01 -5.81
2016-04-01 -3.21
2016-01-01 -4.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Aviat Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Aviat Networks's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Aviat Networks's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Aviat Networks's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Aviat Networks's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aviat Networks has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Aviat Networks performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aviat Networks's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aviat Networks does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Aviat Networks's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Aviat Networks's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
Aviat Networks's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aviat Networks Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:AVNW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-28 250.19 -1.01 58.33 20.06
2018-09-28 246.83 1.75 58.14 19.89
2018-06-29 242.51 1.85 58.16 19.75
2018-03-30 236.43 0.32 57.23 19.70
2017-12-29 233.04 2.54 55.77 19.21
2017-09-29 239.85 -0.85 55.72 18.54
2017-06-30 241.87 -0.82 57.18 18.68
2017-03-31 243.70 -14.59 59.20 18.74
2016-12-30 245.46 -22.16 61.86 19.54
2016-09-30 247.34 -29.52 63.98 20.27
2016-07-01 268.69 -30.45 65.90 20.81
2016-04-01 298.22 -16.73 61.74 26.82
2016-01-01 312.55 -21.86 68.90 23.05
2015-10-02 333.03 -20.58 73.92 24.24
2015-07-03 335.88 -24.72 76.01 25.37
2015-04-03 333.50 -36.20 84.90 22.30
2014-12-26 340.10 -38.20 84.80 29.40
2014-09-26 335.00 -44.00 85.80 32.40
2014-06-27 346.03 -52.02 88.78 35.48
2014-03-28 369.60 -42.50 91.20 37.90
2013-12-27 406.50 -29.00 92.90 39.40
2013-09-27 449.70 -23.80 94.40 39.80
2013-06-28 471.30 -12.60 95.50 39.40
2013-03-29 478.30 -8.40 95.60 38.30
2012-12-28 471.60 -7.60 96.60 37.30
2012-09-28 447.60 -12.60 98.20 36.30
2012-06-29 444.00 -15.50 99.50 36.00
2012-03-30 448.90 -20.80 99.40 36.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Aviat Networks has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Aviat Networks has efficiently used its assets last year compared to the US Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Aviat Networks improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Aviat Networks's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aviat Networks has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Aviat Networks's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aviat Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aviat Networks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aviat Networks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aviat Networks's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 14.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aviat Networks Company Filings, last reported 2 months ago.

NasdaqGS:AVNW Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-28 63.33 9.00 31.54
2018-09-28 62.32 9.00 28.40
2018-06-29 57.52 9.00 37.43
2018-03-30 59.25 9.00 37.54
2017-12-29 60.91 9.00 40.63
2017-09-29 54.42 9.00 39.37
2017-06-30 54.34 9.00 35.92
2017-03-31 54.85 8.00 40.15
2016-12-30 54.38 8.00 35.21
2016-09-30 52.95 8.00 31.98
2016-07-01 53.46 9.00 30.70
2016-04-01 70.10 9.00 39.70
2016-01-01 77.00 9.00 39.50
2015-10-02 82.40 9.00 35.80
2015-07-03 83.81 9.00 34.74
2015-04-03 76.80 9.00 35.00
2014-12-26 91.50 9.00 38.70
2014-09-26 96.30 6.00 42.40
2014-06-27 111.90 6.00 48.80
2014-03-28 115.30 6.00 47.50
2013-12-27 128.90 6.00 64.70
2013-09-27 137.90 6.00 79.30
2013-06-28 149.90 8.80 90.00
2013-03-29 154.00 9.80 92.90
2012-12-28 154.20 10.80 94.80
2012-09-28 157.60 11.80 85.10
2012-06-29 157.50 12.90 96.00
2012-03-30 158.40 13.90 90.50
  • Aviat Networks's level of debt (14.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.7% vs 14.2% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Aviat Networks has sufficient cash runway for more than 3 years based on current free cash flow.
  • Aviat Networks has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 65.8% each year.
X
Financial health checks
We assess Aviat Networks's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aviat Networks has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Aviat Networks's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aviat Networks dividends.
If you bought $2,000 of Aviat Networks shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aviat Networks's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aviat Networks's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:AVNW Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aviat Networks has not reported any payouts.
  • Unable to verify if Aviat Networks's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aviat Networks's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aviat Networks has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aviat Networks's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aviat Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aviat Networks has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Aviat Networks's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Pangia
COMPENSATION $790,718
AGE 57
TENURE AS CEO 7.7 years
CEO Bio

Mr. Michael A. Pangia, also known as Mike, has been the Chief Executive Officer and President of Aviat Networks, Inc. (also known as Harris Stratex Networks, Inc.) since July 18, 2011. Mr. Pangia served as the Chief Sales Officer and Senior Vice President of Aviat Networks, Inc. from March 2009 to July 18, 2011. Before joining Harris Stratex, he spent more than 20 years at Nortel in various senior level management positions. Mr. Pangia served as Senior Vice President of Global Sales Operations & Strategy of Nortel Networks Corp. from July 2008 to March 2009. Mr. Pangia served as President of Asia Region of Nortel Networks Ltd., from June 2006 to April 2008, where he was responsible for Nortel's overall sales strategy and operations for the Asia region, including Greater China, Japan, India, Australia, New Zealand, Southeast Asia Region and Pakistan. In his 20 years with Nortel, Mr. Pangia has held various senior management positions across different lines of business and has worked in US, Canada, Europe and the Caribbean and Latin America regions. His previous roles include Vice President of Global Enterprise Operations and Services and Vice President of Finance for Nortel's optical business. Prior to this new appointment, he held various leadership positions with Nortel since 1986 and also served as chief operating officer for Asia Pacific. Mr. Pangia's previous roles were in both finance and operations positions including Leader, Global Operations and Services, Enterprise, Vice-President of Finance, Optical Networks and Vice President of Finance, Market Segments. He has been an Executive Director of Aviat Networks, Inc. since July 18, 2011. Mr. Pangia holds a Bachelor of Commerce degree from the University of Windsor and an MBA from the University of Toronto in Canada.

CEO Compensation
  • Mike's compensation has been consistent with company performance over the past year.
  • Mike's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Aviat Networks management team in years:

4.3
Average Tenure
57.5
Average Age
  • The tenure for the Aviat Networks management team is about average.
Management Team

Mike Pangia

TITLE
President
COMPENSATION
$791K
AGE
57
TENURE
7.7 yrs

Stan Gallagher

TITLE
Senior VP
COMPENSATION
$427K
AGE
55
TENURE
0.8 yrs

Shaun McFall

TITLE
Senior Vice President of Corporate Development
COMPENSATION
$419K
AGE
58
TENURE
0.7 yrs

Heinz Stumpe

TITLE
Senior Vice President of International
COMPENSATION
$453K
AGE
63
TENURE
12.9 yrs

Eric Chang

TITLE
VP, Corporate Controller & Principal Accounting Officer
TENURE
3.1 yrs

Ola Gustafsson

TITLE
Chief Product Officer & Senior VP
TENURE
5.4 yrs
Board of Directors Tenure

Average tenure and age of the Aviat Networks board of directors in years:

4.2
Average Tenure
61
Average Age
  • The tenure for the Aviat Networks board of directors is about average.
Board of Directors

John Mutch

TITLE
Chairman of the Board
COMPENSATION
$200K
AGE
61
TENURE
4.1 yrs

Mike Pangia

TITLE
President
COMPENSATION
$791K
AGE
57
TENURE
7.7 yrs

Jim Stoffel

TITLE
Director
COMPENSATION
$125K
AGE
72
TENURE
12.2 yrs

John Quicke

TITLE
Director
COMPENSATION
$179K
AGE
69
TENURE
4.2 yrs

Ken Kong

TITLE
Director
COMPENSATION
$117K
AGE
44
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • Aviat Networks insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Mar 19 Sell Heinz Stumpe Individual 08. Mar 19 08. Mar 19 -5,984 $13.63 $-81,562
07. Sep 18 Sell Julian Singer Individual 29. Aug 18 05. Sep 18 -295,420 $18.01 $-5,316,220
05. Sep 18 Sell Heinz Stumpe Individual 31. Aug 18 31. Aug 18 -7,544 $17.55 $-132,388
X
Management checks
We assess Aviat Networks's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aviat Networks has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Should You Be Pleased About The CEO Pay At Aviat Networks, Inc.'s (NASDAQ:AVNW)

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Mike Pangia's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$74m, and pays its CEO total annual compensation worth US$791k.

Simply Wall St -

Does Market Volatility Impact Aviat Networks, Inc.'s (NASDAQ:AVNW) Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Is Aviat Networks, Inc.'s (NASDAQ:AVNW) Balance Sheet Strong Enough To Weather A Storm?

(NASDAQ:AVNW) is a small-cap stock with a market capitalization of US$74m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

Should Aviat Networks, Inc. (NASDAQ:AVNW) Focus On Improving This Fundamental Metric?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Aviat Networks has a return on equity of 3.4% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

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What Type Of Shareholder Owns Aviat Networks, Inc.'s (NASDAQ:AVNW)?

If you want to know who really controls Aviat Networks, Inc. … Aviat Networks is a smaller company with a market capitalization of US$80m, so it may still be flying under the radar of many institutional investors. … View our latest analysis for Aviat Networks

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Should You Worry About Aviat Networks Inc's (NASDAQ:AVNW) CEO Pay Cheque?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mike Pangia's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Aviat Networks Inc has a market cap of US$81m, and is paying total annual CEO compensation of US$791k

Simply Wall St -

Does Aviat Networks Inc (NASDAQ:AVNW) Have A High Beta?

If you're interested in Aviat Networks Inc (NASDAQ:AVNW), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

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What You Must Know About Aviat Networks Inc's (NASDAQ:AVNW) Return on Equity

and want to learn about Return on Equity using a real-life example. … Aviat Networks Inc’s (NASDAQ:AVNW) most recent return on equity was a substandard 1.66% relative to its industry performance of 9.81% over the past year. … Breaking down Return on Equity

Simply Wall St -

Are Aviat Networks Inc's (NASDAQ:AVNW) Interest Costs Too High?

While small-cap stocks, such as Aviat Networks Inc (NASDAQ:AVNW) with its market cap of US$85.37m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

Is Aviat Networks Inc's (NASDAQ:AVNW) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as Aviat Networks Inc (NASDAQ:AVNW) with its market cap of US$89.39m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

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Company Info

Description

Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades. The company also offers network management software tools and applications, which enable operators to deploy, monitor, manage, and optimize its systems, as well as sources, supplies, and supports third party equipment, such as antennas, routers, optical transmission equipment, and other equipment to build and deploy telecommunications transmission network. In addition, it provides a suite of professional services, including planning, deployment, operation, optimization, and maintenance of customers’ networks. The company serves mobile and fixed public, private, and broadcast network operators; federal, state, and local government agencies; and transportation, energy, and utility companies, as well as public safety agencies. It markets its products through a direct sales, service, and support organization, as well as through original equipment manufacturers and system integrators; indirectly through dealers, resellers, and sales representatives; and through online. The company was formerly known as Harris Stratex Networks, Inc. and changed its name to Aviat Networks, Inc. in January 2010. Aviat Networks, Inc. was incorporated in 2006 and is headquartered in Milpitas, California.

Details
Name: Aviat Networks, Inc.
AVNW
Exchange: NasdaqGS
Founded: 2006
$71,232,894
5,380,128
Website: http://www.aviatnetworks.com
Address: Aviat Networks, Inc.
860 North McCarthy Boulevard,
Suite 200,
Milpitas,
California, 95035,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS AVNW Common Stock Nasdaq Global Select US USD 29. Jan 2007
DB HSD1 Common Stock Deutsche Boerse AG DE EUR 29. Jan 2007
MUN A2AL39 COM USD0.01(POST REV SPLIT) Boerse Muenchen DE EUR 21. Mar 2019
Number of employees
Current staff
Staff numbers
704
Aviat Networks employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:25
End of day share price update: 2019/03/20 00:00
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/28
Last annual earnings reported: 2018/06/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.