AVNW
Aviat Networks, Inc.

Aviat Networks, Inc.AVNW

Technology · Communication Equipment
19.95USD
+0.45%
Sep 25, 2026
AVNW overview ready
Communications Layer Provider Enabling Distributed Grid Control and SCADA Networks
Aviat supplies licensed microwave transport, private LTE/5G, narrowband multipoint radio, routing, and network-management systems used to connect utility and industrial operational networks.
Strong narrative exposure
Exposed to the Electric Grid Expansion for Large Loads narrative through Distribution Equipment and Grid Control — infrastructure supplier.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Solid fundamentals
Ev / sales is strong.
Primary risk
Declining revenue growth with recent -11.2% YoY.
Market Sep 24Filing Jul 3Price action Sep 24Research Jul 16

Conviction Level

NarrativeHeat9.1ThemeHeat8.9PriceAction3.4Valuation3.0CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of base repair.
The tactical setup reads base repair, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$255.4M
Avg Volume (60D)
169.3K
60 sessions
Revenue Growth YoY
+1.2%
FY2026 vs FY2025
Gross Margin
+31.5%
Trailing twelve months
Operating Margin
+4.4%
Trailing twelve months
Free Cash Flow Yield
+2.4%
Distance from 200DMA
-6.6%
Next Earnings
2026-11-03
P/E
100.6x
EV / Sales
0.6x
Market metrics as of Sep 24, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026

Fundamentals & Valuation

One of the two valuation perspectives says expensive; peers is the dissenting view.
Aviat Networks, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
Aviat supplies licensed microwave transport, private LTE/5G, narrowband multipoint radio, routing, and network-management systems used to connect utility and industrial operational networks. Its relevance is the communications layer supporting distributed grid-control and SCADA infrastructure rather than the electrical equipment itself.
Opportunity
Moderate opportunity
Utility investment to reinforce and digitize local distribution networks, including resilient operational communications needed for SCADA, telemetry, field coordination, and grid control.
Key risk
Declining revenue growth with recent -11.2% YoY.

Narrative & Theme

Electric Grid Expansion for Large Loads
Part of Distribution Equipment and Grid Control, with moderate fit.
AVNW is not a direct supplier of transformers, switchgear, or grid-control hardware, but utility customers use its private wireless and microwave systems for resilient operational communications, SCADA, and telemetry.
Narrative HeatHot9.1 / 10
Theme HeatHot8.9 / 10

Business & Markets

Technology · Communication Equipment
What they do

Aviat Networks, Inc. designs, manufactures, and sells microwave networking and wireless access networking equipment globally, serving multiple regions including North America, Africa, and Asia Pacific.

How it earns

The company generates revenue primarily through transactional sales of hardware products and project-based services.

Products & services
Outdoor, indoor, and split-mount radios
Microwave routers and trunking
Private LTE/5G and virtual fiber products
Network management software
Narrow band multi-point radios for SCADA and telemetry
Customers & end markets
Telecommunications operators
Industrial and utility companies requiring SCADA and telemetry solutions
Market position

Niche player specializing in microwave and wireless backhaul equipment within the communication equipment industry.

Demand drivers
Medium cyclicality

Demand is influenced by telecom capital expenditure cycles and infrastructure upgrade timing.