(AVNW) Aviat Networks - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US05366Y2019
Stock: Microwave Radios, Microwave Routers, Private LTE/5G, Network Management Software
Total Rating 31
Risk 36
Buy Signal -0.91
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 49.3% |
| Relative Tail Risk | -17.8% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.35 |
| Alpha | -11.67 |
| Character TTM | |
|---|---|
| Beta | 1.204 |
| Beta Downside | 1.272 |
| Drawdowns 3y | |
|---|---|
| Max DD | 64.27% |
| CAGR/Max DD | -0.16 |
Description: AVNW Aviat Networks December 31, 2025
Aviat Networks (NASDAQ:AVNW) designs, manufactures, and services microwave and wireless access solutions for a global client base that includes telecom carriers, private network operators, and government agencies. Its portfolio spans outdoor, indoor, and split-mount radios, microwave routers, private LTE/5G and “virtual fiber” products, as well as software tools for network design, frequency assurance, and health monitoring.
Key operational metrics show the company generated $1.07 billion in revenue for FY 2024, with a 9 % year-over-year increase driven largely by higher demand for private-network infrastructure in transportation and energy sectors. The backlog at year-end stood at roughly $550 million, indicating a multi-quarter pipeline that supports near-term earnings visibility. Capital-intensive telecom spend on 5G and edge computing remains a primary macro driver, while rising utility-grid digitization fuels demand for resilient microwave links.
Investors seeking a data-driven assessment can compare AVNW’s EV/EBITDA and free-cash-flow yields against peers on ValueRay to gauge relative valuation and risk exposure.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 11.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 9.51 > 1.0 |
| NWC/Revenue: 47.99% < 20% (prev 44.26%; Δ 3.73% < -1%) |
| CFO/TA 0.05 > 3% & CFO 34.5m > Net Income 11.7m |
| Net Debt (44.6m) to EBITDA (32.3m): 1.38 < 3 |
| Current Ratio: 1.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (13.0m) vs 12m ago 2.61% < -2% |
| Gross Margin: 34.55% > 18% (prev 0.29%; Δ 3425 % > 0.5%) |
| Asset Turnover: 73.05% > 50% (prev 68.48%; Δ 4.58% > 0%) |
| Interest Coverage Ratio: 3.80 > 6 (EBITDA TTM 32.3m / Interest Expense TTM 6.41m) |
Altman Z'' -2.10
| A: 0.34 (Total Current Assets 474.5m - Total Current Liabilities 258.2m) / Total Assets 643.3m |
| B: -0.90 (Retained Earnings -577.0m / Total Assets 643.3m) |
| C: 0.04 (EBIT TTM 24.4m / Avg Total Assets 617.1m) |
| D: -1.57 (Book Value of Equity -596.6m / Total Liabilities 379.7m) |
| Altman-Z'' Score: -2.10 = D |
Beneish M -3.17
| DSRI: 1.00 (Receivables 312.3m/281.6m, Revenue 450.8m/404.6m) |
| GMI: 0.85 (GM 34.55% / 29.32%) |
| AQI: 0.91 (AQ_t 0.23 / AQ_t-1 0.25) |
| SGI: 1.11 (Revenue 450.8m / 404.6m) |
| TATA: -0.04 (NI 11.7m - CFO 34.5m) / TA 643.3m) |
| Beneish M-Score: -3.17 (Cap -4..+1) = AA |
What is the price of AVNW shares?
As of February 10, 2026, the stock is trading at USD 26.17 with a total of 200,153 shares traded.
Over the past week, the price has changed by +15.59%, over one month by +22.06%, over three months by +11.65% and over the past year by +12.95%.
Over the past week, the price has changed by +15.59%, over one month by +22.06%, over three months by +11.65% and over the past year by +12.95%.
Is AVNW a buy, sell or hold?
Aviat Networks has received a consensus analysts rating of 4.60.
Therefore, it is recommended to buy AVNW.
- StrongBuy: 3
- Buy: 2
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the AVNW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 35.1 | 34.3% |
| Analysts Target Price | 35.1 | 34.3% |
| ValueRay Target Price | 25.3 | -3.3% |
AVNW Fundamental Data Overview February 03, 2026
P/E Trailing = 20.7714
P/E Forward = 9.5785
P/S = 0.6174
P/B = 1.063
Revenue TTM = 450.8m USD
EBIT TTM = 24.4m USD
EBITDA TTM = 32.3m USD
Long Term Debt = 102.0m USD (from longTermDebt, last quarter)
Short Term Debt = 5.44m USD (from shortTermDebt, last quarter)
Debt = 109.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 44.6m USD (from netDebt column, last quarter)
Enterprise Value = 324.6m USD (280.0m + Debt 109.4m - CCE 64.8m)
Interest Coverage Ratio = 3.80 (Ebit TTM 24.4m / Interest Expense TTM 6.41m)
EV/FCF = 13.43x (Enterprise Value 324.6m / FCF TTM 24.2m)
FCF Yield = 7.45% (FCF TTM 24.2m / Enterprise Value 324.6m)
FCF Margin = 5.36% (FCF TTM 24.2m / Revenue TTM 450.8m)
Net Margin = 2.60% (Net Income TTM 11.7m / Revenue TTM 450.8m)
Gross Margin = 34.55% ((Revenue TTM 450.8m - Cost of Revenue TTM 295.1m) / Revenue TTM)
Gross Margin QoQ = 33.78% (prev 34.89%)
Tobins Q-Ratio = 0.50 (Enterprise Value 324.6m / Total Assets 643.3m)
Interest Expense / Debt = 1.56% (Interest Expense 1.71m / Debt 109.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 19.3m (EBIT 24.4m * (1 - 21.00%))
Current Ratio = 1.84 (Total Current Assets 474.5m / Total Current Liabilities 258.2m)
Debt / Equity = 0.41 (Debt 109.4m / totalStockholderEquity, last quarter 263.6m)
Debt / EBITDA = 1.38 (Net Debt 44.6m / EBITDA 32.3m)
Debt / FCF = 1.84 (Net Debt 44.6m / FCF TTM 24.2m)
Total Stockholder Equity = 258.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.90% (Net Income 11.7m / Total Assets 643.3m)
RoE = 4.54% (Net Income TTM 11.7m / Total Stockholder Equity 258.1m)
RoCE = 6.77% (EBIT 24.4m / Capital Employed (Equity 258.1m + L.T.Debt 102.0m))
RoIC = 5.60% (NOPAT 19.3m / Invested Capital 343.8m)
WACC = 7.79% (E(280.0m)/V(389.4m) * Re(10.35%) + D(109.4m)/V(389.4m) * Rd(1.56%) * (1-Tc(0.21)))
Discount Rate = 10.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.57%
[DCF Debug] Terminal Value 71.20% ; FCFF base≈24.2m ; Y1≈15.9m ; Y5≈7.24m
Fair Price DCF = 7.98 (EV 147.0m - Net Debt 44.6m = Equity 102.5m / Shares 12.8m; r=7.79% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -42.79 | EPS CAGR: -45.79% | SUE: -1.66 | # QB: 0
Revenue Correlation: 84.19 | Revenue CAGR: 8.93% | SUE: 0.34 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.62 | Chg30d=+0.003 | Revisions Net=-2 | Analysts=6
EPS current Year (2026-06-30): EPS=2.46 | Chg30d=-0.057 | Revisions Net=-4 | Growth EPS=+47.6% | Growth Revenue=+3.7%
EPS next Year (2027-06-30): EPS=3.09 | Chg30d=-0.158 | Revisions Net=-1 | Growth EPS=+25.5% | Growth Revenue=+6.8%
P/E Forward = 9.5785
P/S = 0.6174
P/B = 1.063
Revenue TTM = 450.8m USD
EBIT TTM = 24.4m USD
EBITDA TTM = 32.3m USD
Long Term Debt = 102.0m USD (from longTermDebt, last quarter)
Short Term Debt = 5.44m USD (from shortTermDebt, last quarter)
Debt = 109.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 44.6m USD (from netDebt column, last quarter)
Enterprise Value = 324.6m USD (280.0m + Debt 109.4m - CCE 64.8m)
Interest Coverage Ratio = 3.80 (Ebit TTM 24.4m / Interest Expense TTM 6.41m)
EV/FCF = 13.43x (Enterprise Value 324.6m / FCF TTM 24.2m)
FCF Yield = 7.45% (FCF TTM 24.2m / Enterprise Value 324.6m)
FCF Margin = 5.36% (FCF TTM 24.2m / Revenue TTM 450.8m)
Net Margin = 2.60% (Net Income TTM 11.7m / Revenue TTM 450.8m)
Gross Margin = 34.55% ((Revenue TTM 450.8m - Cost of Revenue TTM 295.1m) / Revenue TTM)
Gross Margin QoQ = 33.78% (prev 34.89%)
Tobins Q-Ratio = 0.50 (Enterprise Value 324.6m / Total Assets 643.3m)
Interest Expense / Debt = 1.56% (Interest Expense 1.71m / Debt 109.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 19.3m (EBIT 24.4m * (1 - 21.00%))
Current Ratio = 1.84 (Total Current Assets 474.5m / Total Current Liabilities 258.2m)
Debt / Equity = 0.41 (Debt 109.4m / totalStockholderEquity, last quarter 263.6m)
Debt / EBITDA = 1.38 (Net Debt 44.6m / EBITDA 32.3m)
Debt / FCF = 1.84 (Net Debt 44.6m / FCF TTM 24.2m)
Total Stockholder Equity = 258.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.90% (Net Income 11.7m / Total Assets 643.3m)
RoE = 4.54% (Net Income TTM 11.7m / Total Stockholder Equity 258.1m)
RoCE = 6.77% (EBIT 24.4m / Capital Employed (Equity 258.1m + L.T.Debt 102.0m))
RoIC = 5.60% (NOPAT 19.3m / Invested Capital 343.8m)
WACC = 7.79% (E(280.0m)/V(389.4m) * Re(10.35%) + D(109.4m)/V(389.4m) * Rd(1.56%) * (1-Tc(0.21)))
Discount Rate = 10.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.57%
[DCF Debug] Terminal Value 71.20% ; FCFF base≈24.2m ; Y1≈15.9m ; Y5≈7.24m
Fair Price DCF = 7.98 (EV 147.0m - Net Debt 44.6m = Equity 102.5m / Shares 12.8m; r=7.79% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -42.79 | EPS CAGR: -45.79% | SUE: -1.66 | # QB: 0
Revenue Correlation: 84.19 | Revenue CAGR: 8.93% | SUE: 0.34 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.62 | Chg30d=+0.003 | Revisions Net=-2 | Analysts=6
EPS current Year (2026-06-30): EPS=2.46 | Chg30d=-0.057 | Revisions Net=-4 | Growth EPS=+47.6% | Growth Revenue=+3.7%
EPS next Year (2027-06-30): EPS=3.09 | Chg30d=-0.158 | Revisions Net=-1 | Growth EPS=+25.5% | Growth Revenue=+6.8%