Aviat Networks, Inc.

NasdaqGS:AVNW Stock Report

Market Cap: US$195.3m

Aviat Networks Future Growth

Future criteria checks 3/6

Aviat Networks is forecast to grow earnings and revenue by 60.7% and 6.4% per annum respectively while EPS is expected to grow by 64.3% per annum.

Key information

60.7%

Earnings growth rate

64.34%

EPS growth rate

Communications earnings growth23.1%
Revenue growth rate6.4%
Future return on equityn/a
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Recent updates

Seeking Alpha • May 06

Aviat Networks: Downgrading On Disappointing Results And Reduced Outlook - Hold

Summary Aviat Networks reported disappointing Q3/FY2026 results, with both sales and profitability coming in well below consensus expectations. Management blamed the shortfall on project delays caused by the Middle East conflict and unfavorable end-of-quarter demand shifts by a number of Tier 1 customers. Following the sale of its wireless transport business to AVNW in 2023, NEC Corporation is demanding additional component purchases and payment of outstanding accounts payable balances. However, the company's overall financial position remains solid. As a result, I do not expect the NEC arbitration to be an existential threat for Aviat Networks. While management remains optimistic on the company's prospects for fiscal year 2027, Aviat Networks' uneven financial performance and lack of growth are concerning. As a result, I am lowering my rating from "Strong Buy" to "Hold" and apologize for a bad call. Read the full article on Seeking Alpha
Analysis Article • Oct 18

Is Aviat Networks (NASDAQ:AVNW) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article • Sep 12

There Is A Reason Aviat Networks, Inc.'s (NASDAQ:AVNW) Price Is Undemanding

You may think that with a price-to-sales (or "P/S") ratio of 0.8x Aviat Networks, Inc. ( NASDAQ:AVNW ) is a stock worth...
Analysis Article • Aug 02

Aviat Networks, Inc. (NASDAQ:AVNW) Shares Could Be 47% Below Their Intrinsic Value Estimate

Key Insights Aviat Networks' estimated fair value is US$39.73 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article • Apr 09

We Think Aviat Networks (NASDAQ:AVNW) Is Taking Some Risk With Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 06

Aviat Networks, Inc. (NASDAQ:AVNW) Surges 36% Yet Its Low P/S Is No Reason For Excitement

Aviat Networks, Inc. ( NASDAQ:AVNW ) shares have continued their recent momentum with a 36% gain in the last month...
Seeking Alpha • Feb 05

Aviat Networks: Strong Buy On Blowout Quarter And Discounted Valuation (Rating Upgrade)

Summary Leading wireless transport and access solutions provider Aviat Networks reported outstanding Q2/FY2025 results with both the company's top- and bottom-line coming in well above consensus expectations. Following a weak start to FY2025, improved execution and strong contributions from recently acquired businesses like Pasolink and 4RF resulted in vastly improved quarterly results. Improved profitability and a strong focus on working capital management resulted in cash flow from operations increasing to new multi-year highs. After a slew of earnings warnings in recent quarters, management abstained from raising FY2025 guidance, which could result in further outperformance for the remainder of FY2025. Based on my increased FY2026 estimates, AVNW stock could double over the next twelve months. Consequently, I am upgrading the shares to “Strong Buy” with a price target of $46. Read the full article on Seeking Alpha
Analysis Article • Dec 15

The Market Lifts Aviat Networks, Inc. (NASDAQ:AVNW) Shares 31% But It Can Do More

Aviat Networks, Inc. ( NASDAQ:AVNW ) shareholders are no doubt pleased to see that the share price has bounced 31% in...
Seeking Alpha • Dec 13

Aviat Networks: Abysmal Start To FY2025 Raises Eyebrows - Hold

Summary Last month, Aviat Networks reported disappointing Q1/FY2025 results, with both sales and profitability falling well short of expectations. In addition, margin pressure in combination with increased working capital requirements resulted in substantial cash usage. While management lowered full-year expectations, even achieving the low end of the revised guidance would require substantial improvements over the remainder of the year. On a more positive note, the recently acquired Pasolink business appears to be gaining traction and bookings rebounded during the first month of Q2/FY2025. Given the company's disappointing performance in recent quarters and persistent execution risks, I am reiterating my "Hold" rating with a revised price target of $20. Read the full article on Seeking Alpha
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New Narrative • Oct 07

Pasolink Acquisition And Global Expansion Propel Company To New Heights In Revenue And Market Share

Strategic acquisitions and expansion into U.S. private networks and global markets position Aviat Networks for diversified growth and improved net margins.
Seeking Alpha • Oct 03

Aviat Networks: Downgrading On Accounting Issues And Uncertain Outlook - Hold

Summary Last month, leading wireless transport and access solutions provider Aviat Networks surprisingly delayed the filing of its annual report on form 10-K. While the company expected to file its 10-K within the 15-calendar day extension period, this has not happened. Adding insult to injury, Aviat Networks revised FY2024 guidance for the second time in a row, with last year's Pasolink acquisition likely the main reason behind the shortfall. Considering increased risk of a protracted accounting review and uncertainty regarding the company's FY2025 outlook, I am downgrading Aviat Networks' shares from "Buy" to "Hold". Read the full article on Seeking Alpha
Analysis Article • Jul 17

At US$30.28, Is It Time To Put Aviat Networks, Inc. (NASDAQ:AVNW) On Your Watch List?

While Aviat Networks, Inc. ( NASDAQ:AVNW ) might not have the largest market cap around , it saw a double-digit share...
Seeking Alpha • Jun 04

Aviat Networks: Growth Outlook Disappoints But Too Cheap To Ignore, Buy

Summary Aviat Networks reported mixed Q3/FY2024 results, with revenues falling slightly short but profitability well ahead of expectations. While margins were impacted by the recent Pasolink acquisition, favorable working capital movements resulted in strong cash flow generation. The company lowered growth expectations as Pasolink revenues won't ramp as quickly as previously anticipated. In addition, Aviat Networks is facing currency headwinds and a more cautious spending environment. On a more positive note, the Pasolink acquisition is reportedly ahead of plan from an EBITDA and free cash flow perspective and management continues to expect EPS accretion by Q2/FY2025. While the company's lower growth profile is somewhat disappointing, the issue is more than reflected in Aviat Networks' heavily discounted valuation. Consequently, I am reiterating my "Buy" rating on the shares with an unchanged price target of $50. Read the full article on Seeking Alpha
Analysis Article • May 08

Aviat Networks' (NASDAQ:AVNW) Earnings Offer More Than Meets The Eye

The market seemed underwhelmed by the solid earnings posted by Aviat Networks, Inc. ( NASDAQ:AVNW ) recently. Our...
Seeking Alpha • Mar 05

Aviat Networks: Better Positioned After The NEC Acquisition

Summary Aviat Networks has experienced a turnaround, with an average revenue growth rate of 13.2% since 2021. The company ranks 14th in the Communications Equipment industry with EBIT Margins over 8%. The acquisition of NEC Corporation positions Aviat Networks to benefit from key drivers such as 5G, rural broadband, and private networks. Read the full article on Seeking Alpha
Seeking Alpha • Feb 09

Aviat Networks: Decent Quarter, But Successful Pasolink Integration Will Be Key Going Forward

Summary Aviat Networks reported decent Q2/FY2024 results with revenues, gross margins and Adjusted EBITDA all reaching new multi-year highs. During the quarter, the company closed the acquisition of Pasolink, the former microwave backhaul business of Japanese information and communication technology giant NEC Corporation. Going forward, much will depend on Aviat Networks' ability to integrate Pasolink's products and operations, improve the margin profile and identify potential cross-selling opportunities. Even when discounting the risks associated with Pasolink acquisition and the company's rather moderate organic growth rate, Aviat Networks appears cheap relative to industry averages and closest competitor Ceragon Networks. Lowering rating from "Strong Buy" to "Buy" to account for the company's increased risk profile and initial negative impact from the Pasolink acquisition. Read the full article on Seeking Alpha
Analysis Article • Aug 25

When Should You Buy Aviat Networks, Inc. (NASDAQ:AVNW)?

Aviat Networks, Inc. ( NASDAQ:AVNW ), is not the largest company out there, but it saw a decent share price growth in...

Earnings and Revenue Growth Forecasts

NasdaqGS:AVNW - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20285002835442
6/30/20274652532357
6/30/2026434821297
3/27/202643491221N/A
12/26/2025447151624N/A
9/26/2025453131221N/A
6/27/20254351-76N/A
3/28/2025436-2-84N/A
12/27/2024434-2817N/A
9/27/2024410-5-18-11N/A
6/28/2024408112831N/A
3/29/2024380112730N/A
12/29/202335312814N/A
9/29/2023350161319N/A
6/30/202334410-7-2N/A
3/31/202333313-15N/A
12/30/202232414-5-3N/A
9/30/202231114-6-4N/A
7/1/20223032113N/A
4/1/202229719-9-8N/A
12/31/202128910835N/A
10/1/20212821091214N/A
7/2/20212751101417N/A
4/2/20212661081417N/A
1/1/2021261141317N/A
10/2/202024661216N/A
7/3/202023901317N/A
4/3/20202403712N/A
12/27/20192337N/A14N/A
9/27/201924211N/A15N/A
6/28/201924410N/A3N/A
3/29/20192426N/A6N/A
12/28/2018250-1N/A-2N/A
9/28/20182472N/A-4N/A
6/29/20182432N/A8N/A
3/30/20182360N/A3N/A
12/29/20172333N/A10N/A
9/29/2017240-1N/A11N/A
6/30/2017242-1N/A9N/A
3/31/2017244-15N/A7N/A
12/30/2016245-22N/A2N/A
9/30/2016247-30N/A2N/A
7/1/2016269-30N/A0N/A
4/1/2016298-17N/A8N/A
1/1/2016313-22N/A7N/A
10/2/2015333-21N/A-2N/A
7/3/2015336-25N/A-10N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AVNW's forecast earnings growth (60.7% per year) is above the savings rate (3.5%).

Earnings vs Market: AVNW's earnings (60.7% per year) are forecast to grow faster than the US market (16.1% per year).

High Growth Earnings: AVNW's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AVNW's revenue (6.4% per year) is forecast to grow slower than the US market (11.3% per year).

High Growth Revenue: AVNW's revenue (6.4% 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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/06 11:40
End of Day Share Price 2026/05/06 00:00
Earnings2026/03/27
Annual Earnings2025/06/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aviat Networks, Inc. is covered by 10 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ku KangB. Riley Securities, Inc.
Rustam KangaCitizens JMP Securities, LLC
Aalok ShahD.A. Davidson & Co.