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Aviat Networks
Type
Public
Traded as NASDAQ: AVNW
Industry Telecommunications
Predecessor Harris Stratex Networks
Founded January 28, 2010 (2010-01-28)
Headquarters Santa Clara, California, United States
Number of locations
44 Offices
Area served
Worldwide
Key people
Mike Pangia, President and CEO
Products

Dual Hybrid/Packet Microwave
All Packet Microwave
Trunking

Microwave
Services Network Management
Revenue Decrease$268.69 million USD (2016)
Number of employees
~720 (2016)
Website www.aviatnetworks.com

Dual Hybrid/Packet Microwave
All Packet Microwave
Trunking

Aviat Networks (NASDAQ:AVNW) is a global provider of microwave networking solutions, providing public and private operators with communications networks to accommodate the exploding growth of IP-centric, multi-gigabit data services.

Headquartered in Santa Clara, California, Aviat Networks also has operations in Africa, Asia and the Pacific Rim, Europe, Mexico, the Middle East, Russia and South America. Aviat relocated its corporate functions to Santa Clara from Morrisville, North Carolina, in June 2010.

The company was founded on January 29, 2007 with the merger of Harris Corporation’s Microwave Communications Division and Stratex Networks and incorporated under the name Harris Stratex Networks. The company renamed and rebranded itself to become Aviat Networks on January 28, 2010.

With approximately 1,000 employees worldwide, the company's CEO is Mike Pangia, who was appointed as CEO on July 18, 2011.

Aviat Networks customers include BT Group, Africell, Zain, Optus, Uninor, Hormuud Telecom, and Melita PLC.

Recent customer contracts include:

In February 2009, Harris Stratex acquired Telsima, developer and provider of WiMAX Forum Certified products for use in next-generation broadband wireless networks, for $12 million. In September 2008, Harris Stratex announced a partnership agreement with Telsima for end-to-end 4G network solutions.

On January 28, 2010, at the opening of the Nasdaq trading session, Harris Stratex Networks announced they have renamed their company to become Aviat Networks. Along with the name change the company unveiled new corporate branding with a new company logo and relaunch of the corporate website. The company also changed their NASDAQ ticker symbol to AVNW. The new symbol begun trading on the morning of January 29, 2010, retiring the old HSTX; this date also marked the company's third anniversary since incorporation.

Simultaneous to the brand launch, Xchange Magazine reported that Aviat was focusing in on aiding the carrier transition from legacy to all-IP and LTE networks, and helping operators reach rural and underserved areas with wireless broadband. In support of these claims, Aviat announced a few weeks later at Mobile World Congress that it was adding cell site gateway functionality (normally provided by an external device) to the Eclipse Packet Node platform, making possible seamless TDM to IP backhaul migration. They explained that the gateway features were made possible by a plug-and-play Network Convergence Module (NCM), designed to fit in the Eclipse nodal indoor unit, giving wireless operators the choice to support legacy TDM traffic over an all packet backhaul network as an alternative to transporting TDM natively using a hybrid configuration.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2019 2018-11-12 0.00 0.00
Q4 2018 2018-08-28 0.00 0.01
Q3 2018 2018-05-14 0.00 -0.49
Q2 2018 2018-02-08 0.00 0.90
Q1 2018 2017-11-13 0.00 -0.12
Q4 2017 2017-09-06 0.00 -0.28
Q3 2017 2017-05-10 0.00 -0.08
Q2 2017 2017-02-08 0.00 0.31
Q1 2017 2016-11-14 0.00 -0.12
Q4 2016 2016-09-08 0.00 -2.89

Ratings

2015-07-09 Initiated Coverage HC Wainwright Neutral
2014-12-30 Initiated Coverage Needham & Company LLC Buy $2.20
2014-09-05 Initiated Coverage HC Wainwright Neutral
2014-09-03 Upgrade Needham Hold to Buy $2.20
2014-09-03 Upgrade Needham & Company LLC Hold to Buy $2.20
2014-04-29 Initiated Coverage Singular Research Buy $2.80
2013-10-03 Downgrade Needham & Company LLC Buy to Hold
2013-08-15 Reiterated Needham Buy $3.50 to $3
2011-10-24 Downgrade Brigantine Buy to Hold
2011-08-25 Reiterated Needham Buy $5.50 to $4.50
2010-09-15 Initiated Hudson Securities Buy $6.50
2010-05-21 Upgrade Avian Neutral to Positive
2015-07-09 Initiated Coverage HC Wainwright Neutral
2014-12-30 Initiated Coverage Needham & Company LLC Buy $2.20
2014-09-05 Initiated Coverage HC Wainwright Neutral
2014-09-03 Upgrade Needham Hold to Buy $2.20
2014-09-03 Upgrade Needham & Company LLC Hold to Buy $2.20

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Steel Excel Inc. 12.94%  (8042892) ATNY / AVNW / FES / SPLP /
KISSNER CHARLES Chairman of the Board 0.42%  (258613) AVNW / MERU / RMBS / SHOR /
Hayes Edward J Jr Senior VP and CFO 0.38%  (233259) ALSK / AVNW / SMCI /
HASLER WILLIAM A 0.36%  (222563) AVNW / GSAT /
Pearse Robert G. 0.30%  (187271) AVNW / CRDS /
HENDERSON JAMES R 0.29%  (177271) AVNW / GY / MLNK / RWC / SLI /
KENNARD PAUL SVP & Chief Technology Officer 0.28%  (176617) AVNW /
Pangia Michael SVP and Chief Sales officer 0.25%  (154466) AVNW /
CRONAN THOMAS L III SVP & Chief Financial Officer 0.17%  (104727) AVNW /
Madigan John VP, Corp. Controller and PAO 0.16%  (101353) AVNW /
THOMPSON EDWARD 0.12%  (74191) AVNW / RLOC / SHOR /
Sohi Mohsen 0.12%  (71840) AVNW / STE /
HIGGERSON CLIFFORD H 0.12%  (71691) AVNW /
SHAHBAZIAN MICHAEL Interim CFO 0.10%  (65151) AVNW / PDFS /
RAU RAGHAVENDRA 0.07%  (45523) AVNW / QTM / ROVI / SEAC /
Stumpe Heinz SVP & Chief Operating Officer 0.06%  (39118) AVNW /
McFall Shaun SVP & Chief Marketing Officer 0.06%  (38154) AVNW /
Elliott Meena L. VP, Gen. Counsel and Secretary 0.06%  (35259) AVNW /
MARIMON RALPH CFO 0.05%  (32850) AVNW / QUIK /
QUICKE JOHN J 0.05%  (31334) AVNW / RDC / SXCL /
STOFFEL JAMES C 0.04%  (26051) AVNW / HRS / PAR /
MUTCH JOHN 0.04%  (23000) AGYS / AVNW / MXWL / QTM / SXCL / YUME /
Chang Eric VP, Corporate Controller & PAO 0.02%  (13016) AVNW /
Kong Kenneth 0.01%  (8229) AVNW /
BARR WAYNE JR 0.01%  (8229) AVNW / CCUR / HCHC /

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