Aviat Networks Posts 64c Adjusted EPS in Q4
AVNW sits 54% above its 52-week low of $13.92.
Summary
Aviat Networks reported Q4 adjusted EPS of 64 cents, a solid result that likely beats expectations given the company's recent losses and revenue declines. The company's Q4 revenue beat estimates on North America growth. Aviat Networks sees FY27 revenue of $455M-$470M and FY27 adjusted EBITDA of $50M-$55M. This follows a Q3 net loss and unremediated material weaknesses in internal controls, so a profitable quarter is a notable turnaround signal. The stock may react positively as traders reassess the company's earnings power.
At the time of this announcement, AVNW was trading at $21.47 on NASDAQ in the Technology sector, with a market capitalization of approximately $270.6M. The 52-week trading range was $13.92 to $27.02. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.