AVNW

Aviat Networks, Inc.

Fundamental data last updated:October 28, 2026

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company profile

SECTOR

Technology

industry

Communication Equipment

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

11/03/2026

Business Summary

Aviat Networks, Inc. operates globally, specializing in the provision of wireless transport solutions. The company furnishes an extensive portfolio of products complemented by localized professional and support services, all designed to empower customers in simplifying their network infrastructure and enhancing their operational ease. Its core offerings primarily feature advanced wireless transmission systems, tailored for both microwave and millimeter wave networking applications. Aviat Networks caters to a broad clientele, including major communications service providers and a variety of private network operators such as state and local government bodies, utility companies, federal government agencies, and defense organizations. The firm distributes its solutions through a dedicated direct sales, service, and support organization, augmented by indirect channels like dealers, resellers, and sales representatives, in addition to online platforms. Established in 2006, Aviat Networks, Inc. maintains its corporate headquarters in Austin, Texas.

 


VALUATION

P/E

101.64

Market Cap ($M USD)

$251.58M

Forward P/E

7.69

PEG

1.63

PRICE TO SALES

0.57

PRICE TO BOOK

0.95

EV / EBITDA

10.29

5-Year Average P/E

Free Cash Flow Yield

2.42%

DCF Value

$4.32

Graham Number

$9.57

Price to FCF

41.31

EV to FCF

45.63

Earnings Yield

1.00%

FCF Yield

2.42%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$0.20

Next Year EPS Growth Estimate

$2.55

Next Year Revenue Growth Estimate

$463.86M

Return on Equity (ROE)

0.95%

FREE CASH FLOW

Operating Margin

4.45%

Debt-to-Equity

0.37

Piotroski F-Score

5

Altman Z-Score

0.39

Return on Invested Capital (ROIC)

0.98%

Current Ratio

1.97

Quick Ratio

1.66

Net Debt to EBITDA

0.97

Interest Coverage

2.55

Gross Profit margin

31.45%

FCF PER SHARE

$0.47

REVENUE PER SHARE

$34.03

Gainseekers Quantitative Analysis

Summary

Aviat Networks, Inc. is trading at a significant discount relative to its intrinsic value, with a DCF value far below the snapshot price. The Price/Book ratio of 0.75 suggests the market is undervaluing its assets, while the Altman Z-score of 0.33 raises red flags about financial distress. The Earnings Yield of 4.41% is modest, and the lack of a Forward P/E indicates uncertainty in future earnings. Overall, the market seems to be pricing in significant risk, potentially overlooking the company’s asset value.

AI Exposure / Tech Reliance

Operating in the Communication Equipment industry, Aviat Networks is well-positioned to leverage AI and modern tech shifts. The sector's inherent demand for innovation and connectivity solutions provides a fertile ground for growth. However, the company's ability to capitalize on these trends will depend on its agility and investment in R&D.

The Bull Case

For value investors, Aviat Networks presents an intriguing opportunity. The ROIC of 0.38% and FCF Yield of 5.80% suggest efficient capital allocation, while a Piotroski F-Score of 5 indicates moderate financial health. Despite slim operating margins, the company’s ability to generate free cash flow points to underlying pricing power and operational resilience. These factors could appeal to those seeking undervalued assets with potential for improvement.

The Bear Case

Despite some strengths, Aviat Networks faces significant structural risks. The operating margin is a razor-thin 0.34%, indicating potential struggles in cost management. The Altman Z-score signals distress, and the stock is trading well below its 50-Day SMA, suggesting technical weakness. Additionally, the interest coverage ratio of 0.21 highlights vulnerability in meeting debt obligations, painting a picture of financial fragility.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$32.33

Institutional Ownership %

1-Year Beta

0.68

Insider Buying % (6 Mo)

Distance to 52-Week High

38.11%

Distance to 52-Week Low

28.85%

EARNINGS SURPRISE %

17.22%

50-DAY SMA

$20.17

200-DAY SMA

$21.20

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.