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Last $1.13 USD
Change Today -0.01 / -0.88%
Volume 107.0K
AVNW On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

aviat networks inc (AVNW) Key Developments

Aviat Networks, Inc. Signs Multi-Year Agreement for Equipment and Services with Globe Telecom

Aviat Networks, Inc. announced that it has signed multi-year agreements for equipment and services with Globe Telecom. Globe has chosen to upgrade and expand its network with the Aviat CTR 8540 microwave networking solution as part of its aggressive LTE footprint expansion. CTR microwave networking solutions are purpose-built to drive cost efficiencies with fewer boxes to purchase, deploy and maintain. Initial deployments will include CTR 8540 to increase capacity of the backhaul network, provide synchronization capabilities and improve network reliability. Globe is deploying LTE-TDD and LTE-FDD ultra-broadband access technologies for more pervasive coverage and to ensure reliable and fast mobile Internet connectivity for its customers. Aviat's CTR 8540 enables efficient, high performance and reliable microwave networks and provides Globe with an upgrade path to deliver new services including multimedia rich content and broadband data access to the edge of the network. Aviat will also provide services including microwave network planning and engineering.

Aviat Networks, Inc. Appoints Ralph S. Marimon as Senior Vice President and Chief Financial Officer, Effective May 26, 2015

Aviat Networks, Inc. announced that Ralph S. Marimon, currently Chief Financial Officer of QuickLogic Corporation, will join its management team as Senior Vice President and Chief Financial Officer. Before joining the company, Mr. Marimon served as VP, Finance and CFO of QuickLogic, since 2008. Prior to QuickLogic, Mr. Marimon served as CFO within a variety of organizations including Anchor Bay Technologies, Inc., Tymphany Corporation, and Scientific Technologies Incorporated. Mr. Marimon will assume the CFO position effective May 26, 2015.

Aviat Networks, Inc. Wins Nationwide Public Safety LTE Backhaul Deal in UAE

Aviat Networks, Inc. announced an agreement with a United Arab Emirates security agency to implement CTR microwave routers in a new public safety LTE network. This exemplifies how networks worldwide are moving to a common broadband LTE infrastructure optimally backhauled by Layer 3 microwave networking. Initial deployments will comprise CTR 8540 microwave routers. When the customer deploys commercial LTE, Layer 3 services at the network edge will be introduced into the network via IP/MPLS technology.

Aviat Networks, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 3, 2015; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2015

Aviat Networks, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended April 3, 2015. For the quarter, the company reported revenue from product sales and services of USD 74.8 million compared to USD 81.4 million a year ago. Operating loss was USD 10.1 million compared to USD 14.8 million a year ago. Loss from continuing operations before income taxes was USD 10.0 million compared to USD 14.6 million a year ago. Loss from continuing operations was USD 11.5 million compared to USD 15.1 million a year ago. Net loss was USD 11.5 million compared to USD 14.8 million a year ago. Basic and diluted loss per share from continuing operations was USD 0.18 compared to USD 0.24 a year ago. Basic and diluted loss per share was USD 0.18 compared to USD 0.24 a year ago. Non GAAP operating loss was USD 6.1 million compared to USD 9.9 million a year ago. Non-GAAP loss from continuing operations was USD 6.5 million or USD 0.10 per basic and diluted share compared to USD 10.2 million or USD 0.16 per basic and diluted share a year ago. Adjusted LBITDA was USD 4.2 million compared to USD 7.8 million a year ago. Cash used by operating activities was USD 400,000 in the fiscal third quarter. CapEx in the quarter amounted to USD 600,000. Free cash flow, which includes cash used in operating activities plus CapEx was a use of USD 1 million for the quarter. For the nine months, the company reported revenue from product sales and services of USD 249.7 million compared to USD 260.6 million a year ago. Operating loss was USD 18.2 million compared to USD 38.9 million a year ago. Loss from continuing operations before income taxes was USD 18.2 million compared to USD 38.8 million a year ago. Loss from continuing operations was USD 20.6 million compared to USD 39.0 million a year ago. Net loss was USD 20.5 million compared to USD 38.3 million a year ago. Basic and diluted loss per share from continuing operations was USD 0.33 compared to USD 0.63 a year ago. Basic and diluted loss per share was USD 0.33 compared to USD 0.62 a year ago. Net cash used in operating activities was USD 9.5 million compared to USD 32.1 million a year ago. Additions of property, plant and equipment was USD 3.0 million compared to USD 7.8 million a year ago. Non GAAP operating loss was USD 11.5 million compared to USD 26.0 million a year ago. Non-GAAP loss from continuing operations was USD 13.0 million or USD 0.21 per basic and diluted share compared to USD 27.4 million or USD 0.45 per basic and diluted share a year ago. Adjusted LBITDA was USD 5.9 million compared to USD 20.3 million a year ago. For the fourth quarter of fiscal 2015, the company expects revenue to be in the range of USD 80 million to USD 85 million and adjusted EBITDA of approximately breakeven. The company expects break even to a slight use of cash for the quarter.

Aviat Networks, Inc. Announces New Three-Year Turnkey Agreement with Mtn South Africa

Aviat Networks, Inc. announced a new three-year turnkey agreement with MTN South Africa, which is an existing tier one customer. Aviat will modernize the operator's mobile backhaul network and expand network services by installing CTR microwave networking solutions.

 

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Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 0.9x
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TEV/Sales 0.1x
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