Aviat Networks, Inc. logo

Aviat Networks, Inc. (AVNW)

Market Closed
16 Oct, 08:00 PM
NASDAQ (NGS) NASDAQ (NGS)
$
18. 94
-0.5
-2.572%
$
268.75M Market Cap
19.61 P/E Ratio
- Div Yield
80,300 Volume
3.63 Eps
$ 19.44
Previous Close
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Day Range
18.93 19.76
Year Range
13.92 27.02
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Aviat Networks: Growth Outlook Disappoints But Too Cheap To Ignore, Buy

Aviat Networks: Growth Outlook Disappoints But Too Cheap To Ignore, Buy

Aviat Networks reported mixed Q3/FY2024 results, with revenues falling slightly short but profitability well ahead of expectations. While margins were impacted by the recent Pasolink acquisition, favorable working capital movements resulted in strong cash flow generation. The company lowered growth expectations as Pasolink revenues won't ramp as quickly as previously anticipated. In addition, Aviat Networks is facing currency headwinds and a more cautious spending environment.

Seekingalpha | 2 years ago