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Last $1.19 USD
Change Today 0.00 / 0.00%
Volume 114.2K
AVNW On Other Exchanges
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

aviat networks inc (AVNW) Snapshot

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52 Week High
10/29/14 - $1.95
52 Week Low
05/9/14 - $0.99
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aviat networks inc (AVNW) Details

Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services in North America and Internationally. It offers point-to-point digital microwave transmission systems for first/last mile access, middle mile/backhaul, and long distance trunking applications. The company’s products include network management software solutions to enable operators to deploy, monitor, and manage its systems, as well as third party equipment, such as antennas, routers, and multiplexers to build and deploy a wireless transmission network and a suite of turnkey support services. It also provides broadband wireless access base stations and customer premises equipment for fixed and mobile; point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications; and supporting network deployments, network expansion, and capacity upgrades. In addition, the company offers various professional services, such as network planning and design, site surveys and builds, systems integration, installation, maintenance, network monitoring, training, customer services, and other professional services. It serves wireless/mobile service providers, original equipment manufacturers, distributors, and system integrators; private network users, such as public safety agencies and government institutions; and utility, pipeline, railroad, and other industrial enterprises that operate broadband wireless networks. The company was formerly known as Harris Stratex Networks, Inc. and changed its name to Aviat Networks, Inc. in January 2010. Aviat Networks, Inc. is headquartered in Santa Clara, California.

960 Employees
Last Reported Date: 12/22/14

aviat networks inc (AVNW) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $550.0K
Chief Sales Officer and Senior Vice President
Total Annual Compensation: $345.0K
Chief Marketing & Strategy Officer and Senior...
Total Annual Compensation: $320.0K
Chief Legal & Administrative Officer, Senior ...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

aviat networks inc (AVNW) Key Developments

Aviat Networks, Inc. to Demonstrate New IRU 600 EHP Microwave Radio at IWCE 2015 Trade Show

Aviat Networks, Inc. will demonstrate the new IRU 600 EHP microwave radio, the most powerful commercial microwave radio ever produced, at the IWCE 2015 trade show, March 18-19, 2015, in Las Vegas, Nevada. Introduced November 2014, the IRU 600 EHP microwave radio is for use with the 6GHz and 11GHz bands in support of North American implementations.

Aviat Networks, Inc. Enters into Amendment to Second Amended and Restated Loan Agreement

Aviat Networks, Inc. entered into Amendment to Second Amended and Restated Loan Agreement by and among the company, Aviat U.S., Inc., Aviat Networks (S) Pte. Ltd. and Silicon Valley Bank, as lender. The Amendment amends the terms of the Company's Second Amended and Restated Loan and Security Agreement, dated as of March 28, 2014, as amended, by and among the Borrowers and the Lender. Among other things, the Amendment reflects a change to the EBITDA covenant; provides a mechanism for the Lender to require a reserve amount; and provides for a prepayment fee payable by the Company in certain circumstances (but not in connection with an acquisition of the company) if the credit facility is terminated prior to its expiration.

Aviat Networks Announces Restructuring Plan

Aviat Networks, Inc. will implement further restructuring initiatives to optimize its business model. The restructuring plan is part of Aviat Networks' ongoing efforts to lower fixed overhead costs and operating expenses, and generate cash. In addition to these restructuring actions, Aviat expects to achieve additional savings from non-headcount cost reductions. These actions are expected to result in cost and expense savings of approximately $4 million to $5 million by the end of fiscal year 2015 with an incremental cost savings of approximately $10 million to $12 million in fiscal year 2016. These actions augment the ongoing efforts to optimize Aviat Networks' overall cost structure with the near term dynamics of the microwave radio and telecommunications markets and are expected to return Aviat Networks to profitability. Aviat Networks expects to incur between $6 million and $7 million of cash payments to implement these cost reduction initiatives, primarily for severance and employee-related charges. Cash payments in fiscal 2015 are expected to be approximately $6 million with the remaining cash payments occurring in the first half of fiscal 2016.


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