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AVNW

Aviat NetworksNasdaqGS:AVNW Stock Report

Market Cap

US$332.3m

7D

-2.0%

1Y

169.4%

Updated

26 Oct, 2021

Data

Company Financials +
AVNW fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

AVNW Overview

Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services in North America, Africa, the Middle East, Europe, Russia, Latin America, and the Asia Pacific.

Aviat Networks Competitors

Cambium Networks

NasdaqGM:CMBM

US$745.2m

Ceragon Networks

NasdaqGS:CRNT

US$273.0m

COMSovereign Holding

NasdaqCM:COMS

US$114.3m

Telefonaktiebolaget LM Ericsson

OM:ERIC B

kr321.6b

Price History & Performance

Summary of all time highs, changes and price drops for Aviat Networks
Historical stock prices
Current Share PriceUS$29.70
52 Week HighUS$9.26
52 Week LowUS$43.76
Beta2.14
1 Month Change-12.03%
3 Month Change-15.53%
1 Year Change169.39%
3 Year Change299.19%
5 Year Change582.76%
Change since IPO-75.25%

Recent News & Updates

Oct 13
The Return Trends At Aviat Networks (NASDAQ:AVNW) Look Promising

The Return Trends At Aviat Networks (NASDAQ:AVNW) Look Promising

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...

Jul 29
Do Aviat Networks's (NASDAQ:AVNW) Earnings Warrant Your Attention?

Do Aviat Networks's (NASDAQ:AVNW) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

AVNWUS CommunicationsUS Market
7D-2.0%-0.2%0.9%
1Y169.4%49.8%33.4%

Return vs Industry: AVNW exceeded the US Communications industry which returned 49.8% over the past year.

Return vs Market: AVNW exceeded the US Market which returned 33.4% over the past year.

Price Volatility

Is AVNW's price volatile compared to industry and market?
AVNW volatility
AVNW Beta2.14
Industry Beta0.97
Market Beta1

Stable Share Price: AVNW is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: AVNW's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006674Pete Smithhttps://www.aviatnetworks.com

Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services in North America, Africa, the Middle East, Europe, Russia, Latin America, and the Asia Pacific. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile; 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 software tools and applications to enable deployment, monitoring, network management, and optimization of its systems, as well as to automate network design and procurement; and sources, supplies, and supports third party equipment, such as antennas, routers, optical transmission equipment, and other equipment to build and deploy telecommunications transmission network.

Aviat Networks Fundamentals Summary

How do Aviat Networks's earnings and revenue compare to its market cap?
AVNW fundamental statistics
Market CapUS$332.26m
Earnings (TTM)US$110.14m
Revenue (TTM)US$274.91m

3.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AVNW income statement (TTM)
RevenueUS$274.91m
Cost of RevenueUS$172.30m
Gross ProfitUS$102.62m
Expenses-US$7.52m
EarningsUS$110.14m

Last Reported Earnings

Jul 02, 2021

Next Earnings Date

Nov 03, 2021

Earnings per share (EPS)9.85
Gross Margin37.33%
Net Profit Margin40.06%
Debt/Equity Ratio0%

How did AVNW perform over the long term?

See historical performance and comparison

Valuation

Is Aviat Networks undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AVNW ($29.7) is trading below our estimate of fair value ($97.35)

Significantly Below Fair Value: AVNW is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AVNW is good value based on its PE Ratio (3x) compared to the US Communications industry average (21.1x).

PE vs Market: AVNW is good value based on its PE Ratio (3x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: AVNW's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AVNW is good value based on its PB Ratio (1.8x) compared to the US Communications industry average (2.1x).


Future Growth

How is Aviat Networks forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-79.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVNW's earnings are forecast to decline over the next 3 years (-79.7% per year).

Earnings vs Market: AVNW's earnings are forecast to decline over the next 3 years (-79.7% per year).

High Growth Earnings: AVNW's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AVNW's revenue (3.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: AVNW's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AVNW's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Aviat Networks performed over the past 5 years?

90.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AVNW has a high level of non-cash earnings.

Growing Profit Margin: AVNW's current net profit margins (40.1%) are higher than last year (0.1%).


Past Earnings Growth Analysis

Earnings Trend: AVNW has become profitable over the past 5 years, growing earnings by 90.9% per year.

Accelerating Growth: AVNW's earnings growth over the past year (38325.5%) exceeds its 5-year average (90.9% per year).

Earnings vs Industry: AVNW earnings growth over the past year (38325.5%) exceeded the Communications industry 111.6%.


Return on Equity

High ROE: AVNW's Return on Equity (60.1%) is considered outstanding.


Financial Health

How is Aviat Networks's financial position?


Financial Position Analysis

Short Term Liabilities: AVNW's short term assets ($170.2M) exceed its short term liabilities ($96.4M).

Long Term Liabilities: AVNW's short term assets ($170.2M) exceed its long term liabilities ($17.9M).


Debt to Equity History and Analysis

Debt Level: AVNW is debt free.

Reducing Debt: AVNW has no debt compared to 5 years ago when its debt to equity ratio was 16.8%.

Debt Coverage: AVNW has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: AVNW has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AVNW's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AVNW's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AVNW's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AVNW's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AVNW's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Pete Smith (55 yo)

1.75yrs

Tenure

US$2,216,192

Compensation

Mr. Peter A. Smith, also known as Pete, PhD., is the Chief Executive Officer and President of Aviat Networks, Inc. since January 2, 2020 and serves as its Director since February 2020. He has been the Pres...


CEO Compensation Analysis

Compensation vs Market: Pete's total compensation ($USD2.22M) is above average for companies of similar size in the US market ($USD1.70M).

Compensation vs Earnings: Insufficient data to compare Pete's compensation with company performance.


Leadership Team

Experienced Management: AVNW's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: AVNW's board of directors are considered experienced (4.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.


Top Shareholders

Company Information

Aviat Networks, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Aviat Networks, Inc.
  • Ticker: AVNW
  • Exchange: NasdaqGS
  • Founded: 2006
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$332.257m
  • Shares outstanding: 11.19m
  • Website: https://www.aviatnetworks.com

Number of Employees


Location

  • Aviat Networks, Inc.
  • 200 Parker Drive
  • Suite C100A
  • Austin
  • Texas
  • 78728
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:39
End of Day Share Price2021/10/26 00:00
Earnings2021/07/02
Annual Earnings2021/07/02


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.