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AVNWAviat Networks, Inc.
$17.66$229M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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AVNW logo

Aviat Networks, Inc.

AVNW
NASDAQ · Networking & Telecom Equipment
$17.66
At close - Nov 6, 4:00 PM EST - USD
Market Cap$229M
P/E89.9x
52W High$27.02
Volume245.59K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q4

Lumpy Revenue, Thin Margins Cloud AVNW Turnaround

Aviat Networks' fundamentals suggest a fragile turnaround: quarterly revenue swung between $88.4M and $120.9M over the trailing ten quarters, with 2026Q4's 4.8% year-over-year rebound to $120.9M following contractions of 5.7% and 11.2%, pointing to order-timing lumpiness rather than dependable organic growth.

GrowthMixed
ProfitabilityWeak
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

AVNW price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+190% Peers

P/E is 190% above peer median

03

Market leadership

RS 35 · Lag

Laggard (Underperforming 65% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 10

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
AVNW-18.24%
S&P 500 (^GSPC)+7.63%
1-Year Return
AVNW-24.30%
S&P 500 (^GSPC)+9.69%
3-Year Return
AVNW-42.23%
S&P 500 (^GSPC)+73.48%
5-Year Return
AVNW-45.12%
S&P 500 (^GSPC)+61.91%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
89.9x
Forward P/EExpansion
11.3x
EV/EBITDA50th %ile
9.9x
FCF YieldCash Flow
2.7%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
89.9x
38.8x
60th· Fair
EV/EBITDA
9.9x
11.7x
50th· Fair
Price/FCF
37.5x
44.9x
33rd· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$440M+1.2% YoY
Net income FY26
$3M+89.3% YoY
Free cash flow FY26
$6M+184.0% YoY
Operating margin FY26
4.5%+6.9 pts YoY
ROIC (FY26)5%
Avg ROIC 5Y-0.3%
ROE (TTM)0.9%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 27, 2026
$0.64+17.2%
vs $0.55
$121M+9.8%
vs $110M
Q2 2026
May 4, 2026
$0.06-85.7%
vs $0.42
$100M-6.0%
vs $106M
Q1 2026
Feb 3, 2026
$0.54+12.5%
vs $0.48
$111M+1.6%
vs $110M
Q4 2025
Nov 4, 2025
$0.43+34.4%
vs $0.32
$107M-4.9%
vs $113M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Oct 20, 2026
Aviat Extends Mission-Critical Connectivity with LEO Satellite Integration

New Aviat software capability helps public safety, utility, enterprise and service provider networks by increasing coverage for vehicle fleets, and improving uptime and lowering costs for fixed communications sites AUSTIN, Texas, Oct. 20, 2026 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced a new LEO satellite integration capability that helps customers keep critical sites, vehicles, and services connected when terrestrial wireless networks are unavailable, degraded, or difficult to restore. Critical services increasingly depend on always-on network connectivity, but mobile assets and fixed communications sites can become unreachable when out of cellular coverage, during equipment failures or severe weather events.

Defense World·Oct 16, 2026
Aviat Networks, Inc. (NASDAQ:AVNW) Stock Has Average Price Target of $32.71 According to Analysts

Aviat Networks, Inc. (NASDAQ: AVNW - Get Free Report) has earned an average rating of "Moderate Buy" from the ten analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating and eight have issued a buy rating on the company. The average 1-year target price among

GuruFocus·Oct 15, 2026
Chuck Royce Trims Aviat Networks Inc (AVNW) Stake -- Shares Look 17% Undervalued on GF Value

A Veteran Small-Cap Manager Adjusts a Position On September 30, 2026, Chuck Royce (Trades, Portfolio) reduced the position in Aviat Networks Inc (AVNW) by 68,50

PRNewsWire·Oct 13, 2026
Aviat Launches WTM 4400 'Quad' Delivering More Capacity, Longer Reach and Lower Network Costs

Four Carriers in One All-Outdoor Radio, a New Benchmark in Microwave Transport AUSTIN, Texas, Oct. 13, 2026 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW), the expert in wireless transport and access solutions, today announced the WTM 4400, also known as the 'Quad', which is the only solution on the market to support 4 independent microwave channels in one all-outdoor radio unit. The Highest Capacity in One box Aviat's Quad supports the highest capacity microwave links in a single all-outdoor unit, up to 5 Gbit/s in 4x 112 MHz channels (ETSI) or 3 Gbit/s in 4x 80 MHz channels (ANSI), without external combining, antenna mediation devices, or indoor units.

Filtered for Aviat Networks, Inc.More Headlines
04

Compare before deciding

Benchmark AVNW against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Aviat Networks, Inc. (AVNW)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AVNW logoAVNWAviat Networks, Inc.Current
$17.66$228.51M89.871.17%0.58%0.95%—
CIEN logoCIENCiena Corporation
$243.39$34.45B54.2918.79%10.87%22.82%—
ADTN logoADTNADTRAN Holdings Inc.
$4.04$327.23M-13.1017.46%-2.2%-5.08%—
CALX logoCALXCalix, Inc.
$30.60$1.93B43.1020.26%3.99%6.09%—
DCOM logoDCOMDime Community Bancshares, Inc.
$42.21$1.86B12.7544.2%28.05%9.5%2.36%
CSCO logoCSCOCisco Systems, Inc.
$93.85$369.9B28.2011.77%20.95%27.39%1.75%

Compare AVNW vs Peers

Aviat Networks, Inc. (AVNW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CIEN

Most directly comparable listed peer for AVNW.

Scale Benchmark

vs CSCO

Larger-name benchmark to compare AVNW against a more recognizable public peer.

Peer Set

Compare Top 5

vs CIEN, ADTN, CALX, DCOM

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

AVNW SEC Filings & Documents

Aviat Networks, Inc. (AVNW) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 27, 2026·SEC

Material company update

May 4, 2026·SEC

Material company update

Mar 10, 2026·SEC

10-K Annual Reports

3
FY 2026

Aug 27, 2026·SEC

FY 2025

Sep 10, 2025·SEC

FY 2024

Oct 4, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 4, 2026·SEC

FY 2026

Feb 3, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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AVNW Frequently Asked Questions

Aviat Networks, Inc. (AVNW) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Aviat Networks, Inc.'s revenue?

Aviat Networks, Inc. (AVNW) reported $439.7M in revenue in fiscal year 2026, which is also its trailing twelve months. That is 147% more than the $178.3M of fiscal year 1997.

How fast is Aviat Networks, Inc. growing?

Aviat Networks, Inc. (AVNW) grew revenue by 1.2% over the trailing twelve months, compared with the twelve months before.

Is AVNW profitable?

Yes. Aviat Networks, Inc. (AVNW) earned $2.5M in net income over the trailing twelve months (a 0.6% net margin).

Dividend & Returns
What is AVNW's return on equity?

Aviat Networks, Inc. (AVNW) had a return on equity (ROE) of 0.9% over the trailing twelve months. That is below the market's typical 10-15%.

What is Aviat Networks, Inc.'s free cash flow?

Aviat Networks, Inc. (AVNW) generated $6.1M in free cash flow over the trailing twelve months.

What if you invested $1,000 in AVNW back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →