Aviat Networks downgraded to Market Perform from Outperform at Northland

Northland analyst Tim Savageaux downgraded Aviat Networks (AVNW) to Market Perform from Outperform with a price target of $20, down from $30. The firm cites the company’s lower than expected fiscal Q3 results and lowered fiscal 2026 revenue and EBITDA outlook for the downgrade. Aviat cited pushouts in U.S. and global tier 1 carrier microwave backhaul for the shortfall, the analyst tells investors in a research note. Northland wants to see a sustained uptick in Aviat’s growth after two years of flat revenue before again recommending the shares.