AVNW
Aviat Networks, Inc.

Aviat Networks, Inc.AVNW

Technology · Communication Equipment
17.66USD
+4.07%
Nov 09, 2026
AVNW overview ready
Licensed Microwave and Private Wireless Communications for Utilities
Aviat supplies licensed microwave transport, private LTE/5G, narrowband multipoint radio, routing, and network-management systems used to connect utility and industrial operational networks.
Theme not measured
Networking & Telecom Equipment has no leadership state this session.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
Aviat Networks, Inc. carries a Expensive valuation stance that the scored components do not clearly support.
Solid fundamentals
Ev / ebitda is strong.
Primary risk
Dependence on utility and telecom capital expenditure cycles.
Market Nov 6Filing Jul 3Price action Nov 8Research Jul 16

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction3.4BusinessPerformance5.0BusinessQuality6.4Valuation2.7ThemeMomentum—Mixed — Revenue growth has accelerated, rising from -11% to +4.8% year over year. Earnings turned negative: a diluted loss of -$0.10 against EPS of $0.40 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Networking & Telecom Equipment — Networking & Telecom Equipment is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Technology Hardware & IT Services, reads Neutral (+1.7pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, 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
$226.1M
Avg Volume (60D)
133.0K
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
+2.7%
Distance from 200DMA
-16.3%
Next Earnings
2026-11-10
P/E
89.0x
EV / EBITDA
11.1x
EV / Sales
0.6x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026

Business Performance

Mixed

Revenue growth has accelerated, rising from -11% to +4.8% year over year. Earnings turned negative: a diluted loss of -$0.10 against EPS of $0.40 a year earlier.

Latest reported: Q4 FY2026, ended Jul 3
Revenue growthAccelerating
+4.8%
$121M in Q4 FY2026 · YoY
YoY growth, last 4 quarters
  1. +21%
  2. -5.7%
  3. -11%
  4. +4.8%
Earnings growthTurned to a loss
-$0.10
Diluted EPS -$0.10 vs $0.40 a year earlier · GAAP, from the earnings release
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginContracting
4.8%
-2.9 pp YoY · gross margin 30.8% (-3.4 pp)

Business Quality

6.4 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
Aviat Networks, Inc. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

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
Dependence on utility and telecom capital expenditure cycles.

Economic classification

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Business & Markets

Technology · Communication Equipment
What they do

Aviat Networks designs, manufactures, and sells microwave and wireless networking equipment globally, focusing on communication solutions for utilities and industrial networks. It operates by providing hardware and software products that enable secure and reliable network connectivity for operational communications.

How it earns

The company generates revenue primarily through transactional sales of networking equipment and project-based services including design and engineering support.

Products & services
Outdoor, indoor, and split-mount radios
Microwave routers and trunking
Private LTE/5G access and network management products
Narrowband multipoint radios for SCADA and telemetry
Hosted software products (aviat design, frequency assurance, aviatcloud, health assurance)
Customers & end markets
Utility companies
Industrial operational networks
Telecommunications providers
Market position

Niche player specializing in licensed microwave and private wireless communication solutions for utility and industrial markets.

Demand drivers
Medium cyclicality

Demand is influenced by utility capital expenditures and telecom network investment cycles, which can fluctuate with economic conditions.