(AVNW) Aviat Networks - Overview
Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 207m USD | Total Return: -13.2% in 12m
Avg Turnover: 3.87M
EPS Trend: -74.3%
Qual. Beats: -1
Rev. Trend: 95.0%
Qual. Beats: 0
Warnings
Altman Z'' -2.17 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Aviat Networks, Inc. is a global provider of microwave and wireless access networking solutions, serving communications service providers and private network operators across six continents. The company’s portfolio includes indoor and outdoor radios, microwave routers, private LTE/5G infrastructure, and specialized narrowband radios for SCADA and telemetry applications. Their business model integrates hardware sales with essential project services, such as site surveys and engineering, alongside recurring managed services like network monitoring and software-based health assurance.
Operating within the communications equipment sector, Aviat Networks addresses the critical need for high-capacity backhaul in regions where physical fiber deployment is geographically or economically impractical. The company focuses on mission-critical sectors including public safety, utilities, and government agencies, where network reliability and interference management are primary requirements. For a deeper look into the companys fundamental performance, you may want to consult the data on ValueRay.
Headquartered in Austin, Texas, the firm utilizes a multi-channel distribution strategy involving direct sales and a network of resellers and dealers. This approach allows them to support specialized infrastructure projects for both large-scale federal entities and localized broadcast operators.
- Acquisition of Pasolink business accelerates global market share and revenue growth
- Public safety and utility sector infrastructure spending drives long-term contract volume
- Global 5G backhaul demand increases microwave and wireless networking hardware sales
- High concentration of international revenue creates exposure to foreign exchange volatility
- US government funding programs for rural broadband expansion boost domestic demand signals
| Net Income: 9.01m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 3.20 > 1.0 |
| NWC/Revenue: 51.61% < 20% (prev 40.29%; Δ 11.32% < -1%) |
| CFO/TA 0.03 > 3% & CFO 21.0m > Net Income 9.01m |
| Net Debt (30.9m) to EBITDA (32.1m): 0.96 < 3 |
| Current Ratio: 1.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (12.9m) vs 12m ago 0.62% < -2% |
| Gross Margin: 32.37% > 18% (prev 0.32%; Δ 3.20k% > 0.5%) |
| Asset Turnover: 69.75% > 50% (prev 68.93%; Δ 0.81% > 0%) |
| Interest Coverage Ratio: 3.67 > 6 (EBITDA TTM 32.1m / Interest Expense TTM 7.03m) |
| A: 0.36 (Total Current Assets 450.4m - Total Current Liabilities 226.3m) / Total Assets 616.5m |
| B: -0.93 (Retained Earnings -573.4m / Total Assets 616.5m) |
| C: 0.04 (EBIT TTM 25.8m / Avg Total Assets 622.4m) |
| D: -1.71 (Book Value of Equity -591.0m / Total Liabilities 344.8m) |
| Altman-Z'' = -2.17 = D |
| DSRI: 0.91 (Receivables 272.9m/299.5m, Revenue 434.1m/433.1m) |
| GMI: 0.99 (GM 32.37% / 32.20%) |
| AQI: 0.97 (AQ_t 0.24 / AQ_t-1 0.24) |
| SGI: 1.00 (Revenue 434.1m / 433.1m) |
| TATA: -0.02 (NI 9.01m - CFO 21.0m) / TA 616.5m) |
| Beneish M = -3.14 (Cap -4..+1) = AA |
As of May 25, 2026, the stock is trading at USD 17.59 with a total of 196,571 shares traded.
Over the past week, the price has changed by +9.94%,
over one month by -22.27%,
over three months by -27.28% and
over the past year by -13.18%.
Aviat Networks has received a consensus analysts rating of 4.60. Therefore, it is recommended to buy AVNW.
- StrongBuy: 3
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 29.6 | 68.1% |
P/E Forward = 5.3447
P/S = 0.4769
P/B = 0.7518
P/EG = 5.3333
Revenue TTM = 434.1m USD
EBIT TTM = 25.8m USD
EBITDA TTM = 32.1m USD
Long Term Debt = 98.7m USD (from longTermDebt, last quarter)
Short Term Debt = 6.14m USD (from shortTermDebt, last quarter)
Debt = 109.1m USD (from shortLongTermDebtTotal, last quarter) + Leases 2.40m
Net Debt = 30.9m USD (calculated: Debt 109.1m - CCE 78.1m)
Enterprise Value = 238.0m USD (207.0m + Debt 109.1m - CCE 78.1m)
Interest Coverage Ratio = 3.67 (Ebit TTM 25.8m / Interest Expense TTM 7.03m)
EV/FCF = 20.06x (Enterprise Value 238.0m / FCF TTM 11.9m)
FCF Yield = 4.98% (FCF TTM 11.9m / Enterprise Value 238.0m)
FCF Margin = 2.73% (FCF TTM 11.9m / Revenue TTM 434.1m)
Net Margin = 2.08% (Net Income TTM 9.01m / Revenue TTM 434.1m)
Gross Margin = 32.37% ((Revenue TTM 434.1m - Cost of Revenue TTM 293.6m) / Revenue TTM)
Gross Margin QoQ = 29.28% (prev 32.39%)
Tobins Q-Ratio = 0.39 (Enterprise Value 238.0m / Total Assets 616.5m)
Interest Expense / Debt = 6.44% (Interest Expense 7.03m / Debt 109.1m)
Taxrate = 21.0% (US default 21%)
NOPAT = 20.4m (EBIT 25.8m * (1 - 21.00%))
Current Ratio = 1.99 (Total Current Assets 450.4m / Total Current Liabilities 226.3m)
Debt / Equity = 0.40 (Debt 109.1m / totalStockholderEquity, last quarter 271.8m)
Debt / EBITDA = 0.96 (Net Debt 30.9m / EBITDA 32.1m)
Debt / FCF = 2.61 (Net Debt 30.9m / FCF TTM 11.9m)
Total Stockholder Equity = 267.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.45% (Net Income 9.01m / Total Assets 616.5m)
RoE = 1.07% (Net Income TTM 9.01m / Total Stockholder Equity 840.9m)
RoCE = 2.74% (EBIT 25.8m / Capital Employed (Equity 840.9m + L.T.Debt 98.7m))
RoIC = 6.40% (NOPAT 20.4m / Invested Capital 318.3m)
WACC = 7.68% (E(207.0m)/V(316.1m) * Re(9.04%) + D(109.1m)/V(316.1m) * Rd(6.44%) * (1-Tc(0.21)))
Discount Rate = 9.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 65.93 | Cagr: 0.31%
[DCF] Terminal Value 75.44% ; FCFF base≈11.9m ; Y1≈11.9m ; Y5≈12.6m
[DCF] Fair Price = 12.78 (EV 196.3m - Net Debt 30.9m = Equity 165.3m / Shares 12.9m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: -74.29 | EPS CAGR: -13.21% | SUE: -1.32 | # QB: -1
Revenue Correlation: 95.02 | Revenue CAGR: 9.96% | SUE: -0.56 | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.52 | Chg30d=-20.92% | Revisions=-43% | Analysts=5
EPS current Year (2026-06-30): EPS=1.60 | Chg30d=-33.52% | Revisions=-56% | GrowthEPS=-4.2% | GrowthRev=-1.0%
EPS next Year (2027-06-30): EPS=2.77 | Chg30d=-12.66% | Revisions=-56% | GrowthEPS=+73.2% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: -56%