10-May-2024
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Aviat Networks to Participate in Upcoming Investor Conferences
PRNewswire (Fri, 3-May 9:00 AM ET)
Aviat Networks Announces Fiscal 2024 Third Quarter and Nine Month Financial Results
PRNewswire (Wed, 1-May 4:05 PM ET)
PRNewswire (Wed, 24-Apr 4:45 PM ET)
Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
Aviat Networks trades on the NASDAQ stock market under the symbol AVNW.
As of May 10, 2024, AVNW stock price declined to $31.31 with 55,359 million shares trading.
AVNW has a beta of 1.90, meaning it tends to be more sensitive to market movements. AVNW has a correlation of 0.26 to the broad based SPY ETF.
AVNW has a market cap of $392.86 million. This is considered a Small Cap stock.
Last quarter Aviat Networks reported $112 million in Revenue and $.73 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.22.
In the last 3 years, AVNW stock traded as high as $42.81 and as low as $21.15.
The top ETF exchange traded funds that AVNW belongs to (by Net Assets): VTI, IWM, VXF, IWN, VTWO.
AVNW has underperformed the market in the last year with a price return of +4.3% while the SPY ETF gained +27.8%. AVNW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.2% and -7.8%, respectively, while the SPY returned +4.2% and +2.5%, respectively.
AVNW support price is $30.47 and resistance is $32.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVNW stock will trade within this expected range on the day.