Aviat Networks to Release Second Quarter Fiscal Year 2014 Financial Results on
February 6, 2014
SANTA CLARA, Calif., Jan. 29, 2014
SANTA CLARA, Calif., Jan. 29, 2014 /PRNewswire/ --Aviat Networks, Inc.
(NASDAQ: AVNW), a leading expert in microwave networking solutions, today
announced that the company will report second quarter of fiscal 2014 financial
results at approximately 4:00 p.m. Eastern Time (ET) on Thursday, February 6,
Aviat Networks currently expects second quarter of fiscal 2014 revenue to be
approximately $85 million, within the updated guidance range of $83 million to
$87 million provided on January 14, 2014. Aviat Networks ended the second
quarter of fiscal 2014 with a cash balance of $65 million, versus earlier
guidance of $63 million.
The second quarter of fiscal 2014 is the first quarter that Aviat Networks is
relying on its newly installed enterprise resource planning (ERP) system for
reporting purposes. The revised earnings date was selected based on the need
for additional time to finalize the financial results using the new system.
Aviat Networks will host a conference call at 4:30 p.m. ET on February 6, 2014
to discuss its financial results for the second quarter of fiscal 2014. To
listen to the live conference call, please dial 480-629-9712 or toll free at
877-941-2068, access code 4662815, by 4:20 p.m. ET. A replay also will be
available starting approximately one hour after the completion of the call
until February 13, 2014. To access the replay, dial 303-590-3030 or toll free
at 800-406-7325, access code 4662815. Investors are invited to listen via
webcast, which will be broadcast live and via replay at
About Aviat Networks, Inc.
Aviat Networks, Inc. (NASDAQ: AVNW) is a leading global provider of microwave
networking solutions transforming communications networks to handle the
exploding growth of IP-centric, multi-Gigabit data services. With more than
750,000 systems installed around the world, Aviat Networks provides LTE-proven
microwave networking solutions to mobile operators, including some of the
largest and most advanced 4G/LTE networks in the world. Public safety,
utility, government and defense organizations also trust Aviat Networks'
solutions for their mission-critical applications where reliability is
paramount. In conjunction with its networking solutions, Aviat Networks
provides a comprehensive suite of localized professional and support services
enabling customers to effectively and seamlessly migrate to next generation
Carrier Ethernet/IP networks. For more than 50 years, customers have relied on
Aviat Networks' high performance and scalable solutions to help them maximize
their investments and solve their most challenging network problems.
Headquartered in Santa Clara, California, Aviat Networks operates in more than
100 countries around the world. For more information, visit
www.aviatnetworks.com or connect with Aviat Networks on Twitter, Facebook and
The information contained in this document includes forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
Section 21E of the Securities Exchange Act and Section 27A of the Securities
Act. All statements, trend analyses and other information contained herein
about the markets for the services and products of Aviat Networks, including
all statements about Aviat Networks' expected second quarter of fiscal year
2014 financial results, as well as other statements identified by the use of
forward-looking terminology, including "anticipates," "believe," "plan,"
"estimate," "expect," "goal," "will," "see," "continues," "delivering,"
"view," and "intend," or the negative of these terms or other similar
expressions, constitute forward-looking statements. These forward-looking
statements are based on estimates reflecting the current beliefs of the senior
management of Aviat Networks. These forward-looking statements involve a
number of risks and uncertainties that could cause actual results to differ
materially from those suggested by the forward-looking statements.
Forward-looking statements should therefore be considered in light of various
important factors, including those set forth in this document. Important
factors that could cause actual results to differ materially from estimates or
projections contained in the forward-looking statements include the following:
othe impact of the volume, timing and customer, product and geographic mix
of our product orders;
oour ability to meet projected new product development dates or anticipated
cost reductions of new products;
ocontinued price erosion as a result of increased competition in the
microwave transmission industry
oour suppliers' inability to perform and deliver on time as a result of
their financial condition, component shortages or other supply chain
ocustomer acceptance of new products;
othe ability of our subcontractors to timely perform;
ocontinued weakness in the global economy affecting customer spending;
oretention of our key personnel;
oour ability to manage and maintain key customer relationships;
ouncertain economic conditions in the telecommunications sector combined
with operator and supplier consolidation;
othe timing of our receipt of payment for products or services from our
oour failure to protect our intellectual property rights or defend against
intellectual property infringement claims by others;
othe impact of political turmoil in countries where we have significant
For more information regarding the risks and uncertainties for our business,
see "Risk Factors" in our Form 10-K filed with the U.S. Securities and
Exchange Commission ("SEC") on September 23, 2013 as well as other reports
filed by Aviat Networks, Inc. with the SEC from time to time. Aviat Networks
undertakes no obligation to update publicly any forward-looking statement for
any reason, except as required by law, even as new information becomes
available or other events occur in the future.
SOURCE Aviat Networks, Inc.
Contact: Investor Relations: Peter Salkowski, Aviat Networks, Inc.,
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