Aviat Networks (AVNW) AI Stock Analysis

• Market Cap: $298.04M
• Dividend Yield: N/A
• Average Volume (3M): 104.69K
• Price to Earnings (P/E): 255.8
• Beta (1Y): 0.88
• Revenue Growth: 6.50%
• EPS Growth: -88.62%
• Country: US
• Employees: 909
• Sector: Technology
• Sector Strength: 88
• Industry: Communication Equipment
• EPS (TTM): 0.83
• Shares Outstanding: 12,802,223
• 10 Day Avg. Volume: 83,586
• 30 Day Avg. Volume: 104,691
• PEG Ratio: -2.59
• Price to Book (P/B): 1.15
• Price to Sales (P/S): 0.70
• P/FCF Ratio: -41.88
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 0.78
• Enterprise Value/Gross Profit: 2.43
• Enterprise Value/Ebitda: 37.04
• 1Y Price Target: $30.50
• Price Target Upside: 31.01% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 54 Neutral
• Price Target: $21.50 ▼(-7.65% Downside)

Aviat Networks' overall score is influenced by its mixed financial performance and bearish technical indicators. While positive developments emerged from the earnings call, valuation concerns with a high negative P/E ratio and liquidity issues weigh heavily on the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Aviat's products and services, supporting long-term business expansion and market presence.

Leadership Strength

Enhancing leadership in product development can drive innovation and competitive advantage, crucial for sustaining growth in the tech industry.

North American Market Performance

Strong performance in a key market like North America underscores Aviat's ability to capitalize on regional opportunities, bolstering its revenue base.

Negative Factors

Profitability Challenges

Negative profitability margins highlight operational inefficiencies, which could hinder Aviat's ability to reinvest in growth and innovation.

Cash Flow Issues

Negative cash flow can limit Aviat's financial flexibility, affecting its capacity to fund operations and strategic initiatives without external financing.

CFO Resignation

Leadership changes, especially in financial roles, can disrupt strategic continuity and investor confidence, potentially impacting Aviat's financial management.

Aviat Networks Business Overview & Revenue Model

Company Description

Aviat Networks, Inc. provides wireless transport solutions worldwide. It offers a comprehensive suite of products and localized professional and support services enabling customers to simplify their networks and lives. The company's products and solutions include wireless transmission systems for microwave and millimeter wave networking applications. It serves communications service providers and private network operators, including state/local government, utility, federal government, and defense organizations. The company markets its products through a direct sales, service, and support organization; indirect sales channels comprising dealers, resellers, and sales representatives; and through online. Aviat Networks, Inc. was incorporated in 2006 and is headquartered in Austin, Texas.

How the Company Makes Money

Aviat Networks generates revenue through the sale of its wireless transport products and related services. The company's primary revenue streams include the sale of microwave networking equipment and the provision of support and maintenance services. Aviat Networks also earns revenue from offering network design, installation, and optimization services. Significant partnerships with telecommunications providers and government entities are crucial to its earnings, as these collaborations drive demand for its advanced networking solutions. Additionally, Aviat Networks capitalizes on emerging trends in telecommunications, such as 5G deployment, which further bolsters demand for its high-capacity and reliable transmission solutions.

Aviat Networks Financial Statement Overview

Summary

Aviat Networks presents a mixed financial landscape. Despite positive revenue growth, profitability margins are under pressure with a negative net profit margin. The balance sheet shows stability with manageable leverage, though recent losses are concerning. Cash flow challenges highlight potential liquidity issues.

Income Statement

Aviat Networks shows a mixed performance with a declining gross profit margin over the years, reaching 32.2% in TTM. The net profit margin is negative at -0.8% in TTM, indicating operational challenges. However, revenue growth is positive, with a 6.1% increase in TTM compared to the previous year. EBIT margin decreased to 1.3%, while EBITDA margin stands at 2.9%, suggesting room for operational efficiency improvements.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.30, indicating manageable leverage. Return on Equity is concerning at -1.3% in TTM, reflecting recent net losses. The equity ratio is strong at 40.8%, showing financial stability with a solid equity base compared to total assets.

Cash Flow

Cash flow metrics show challenges, with free cash flow turning negative in TTM. The operating cash flow to net income ratio is unfavorable, and free cash flow to net income ratio indicates inefficiencies. Free cash flow growth is negative, signaling potential liquidity issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	433.13M	434.61M	408.08M	344.43M	302.96M	274.91M
Gross Profit	139.49M	139.44M	144.73M	122.38M	109.23M	102.61M
EBITDA	9.16M	10.57M	28.26M	33.81M	33.45M	27.48M
Net Income	-3.41M	1.34M	10.76M	10.17M	21.16M	110.14M
Balance Sheet
Total Assets	628.34M	633.30M	535.22M	364.50M	323.90M	297.65M
Cash, Cash Equivalents and Short-Term Investments	49.43M	59.69M	64.62M	22.24M	47.77M	47.94M
Total Debt	77.49M	90.92M	52.18M	2.75M	2.92M	3.99M
Total Liabilities	372.22M	370.11M	279.34M	144.40M	122.15M	114.32M
Stockholders Equity	256.12M	263.18M	255.88M	220.10M	201.75M	183.34M
Cash Flow
Free Cash Flow	-7.99M	-7.25M	27.86M	-6.98M	997.00K	14.45M
Operating Cash Flow	3.52M	5.72M	30.54M	-1.64M	2.79M	17.30M
Investing Cash Flow	-26.53M	-28.53M	-35.22M	-11.95M	-7.79M	-2.85M
Financing Cash Flow	17.01M	0.00	48.70M	-681.00K	-4.87M	-8.05M

Aviat Networks Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AVNW, the sentiment is Positive. The current price of 23.28 is above the 20-day moving average (MA) of 22.69, above the 50-day MA of 22.73, and above the 200-day MA of 21.22, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 86.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AVNW.

Aviat Networks Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKTI	80 Outperform	$244.85M	21.40	39.51%	―	4.63%	328.61%
FEIM	76 Outperform	$331.67M	14.90	49.16%	3.06%	18.30%	262.72%
CRNT	70 Outperform	$212.33M	15.60	8.61%	―	5.06%	29.66%
AUDC	65 Neutral	$259.29M	20.25	7.32%	4.16%	-0.93%	3.10%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INSG	55 Neutral	$216.63M	43.39	111.75%	―	-10.99%	―
AVNW	54 Neutral	$298.04M	255.82	0.52%	―	6.50%	-88.62%

Aviat Networks Corporate Events

Aviat Networks Promotes Gary Croke to Senior VP

On July 1, 2025, Aviat Networks, Inc. announced the promotion of Gary Croke to Senior Vice President of Product and Innovation. This move includes a salary increase, bonus opportunities, and a significant grant of Restricted Stock Units, reflecting the company’s commitment to strengthening its leadership in product development and innovation.

The most recent analyst rating on (AVNW) stock is a Buy with a $51.00 price target. To see the full list of analyst forecasts on Aviat Networks stock, see the AVNW Stock Forecast page.