Aviat Networks Inc
NASDAQ:AVNW
Intrinsic Value
Aviat Networks, Inc. engages in the design, manufacture, and sale of wireless network products and solutions. [ Read More ]
The intrinsic value of one AVNW stock under the Base Case scenario is 36.74 USD. Compared to the current market price of 38.29 USD, Aviat Networks Inc is Overvalued by 4%.
Valuation Backtest
Aviat Networks Inc
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Fundamental Analysis
Aviat Raises FY2024 Revenue and EBITDA Guidance
2024-Q2 Earnings Call
Aviat Networks reported a 4.8% year-on-year revenue increase to $95.0 million for Q2, with North America seeing a slight dip due to public safety project timings while international revenue grew 13.1%. Their gross margins improved due to higher software sales and cost management. Operating expenses rose, primarily due to increased R&D investments. The company's net income dropped to $2.9 million from $6.0 million, largely due to M&A costs, but non-GAAP net income grew by 7.3%. Aviat has raised its FY2024 revenue guidance to $425-$432 million and adjusted EBITDA to $51-$56 million.
Balance Sheet Decomposition
Aviat Networks Inc
Current Assets | 367m |
Cash & Short-Term Investments | 45.9m |
Receivables | 227.1m |
Other Current Assets | 94m |
Non-Current Assets | 133.1m |
PP&E | 12.5m |
Intangibles | 21.4m |
Other Non-Current Assets | 99.2m |
Current Liabilities | 183.7m |
Accounts Payable | 67.4m |
Accrued Liabilities | 27.7m |
Other Current Liabilities | 88.6m |
Non-Current Liabilities | 62.5m |
Long-Term Debt | 47.2m |
Other Non-Current Liabilities | 15.3m |
Earnings Waterfall
Aviat Networks Inc
Revenue
|
357.3m
USD
|
Cost of Revenue
|
-226.1m
USD
|
Gross Profit
|
131.2m
USD
|
Operating Expenses
|
-104.1m
USD
|
Operating Income
|
27.1m
USD
|
Other Expenses
|
-12m
USD
|
Net Income
|
15.1m
USD
|
Free Cash Flow Analysis
Aviat Networks Inc
What is Free Cash Flow?
AVNW Profitability Score
Profitability Due Diligence
Aviat Networks Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.
Score
Aviat Networks Inc's profitability score is 57/100. The higher the profitability score, the more profitable the company is.
AVNW Solvency Score
Solvency Due Diligence
Aviat Networks Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.
Score
Aviat Networks Inc's solvency score is 53/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
AVNW Price Targets Summary
Aviat Networks Inc
According to Wall Street analysts, the average 1-year price target for AVNW is 57.12 USD with a low forecast of 50.5 USD and a high forecast of 63 USD.
Ownership
AVNW Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
AVNW Price
Aviat Networks Inc
Average Annual Return | 57.72% |
Standard Deviation of Annual Returns | 71.49% |
Max Drawdown | -52% |
Market Capitalization | 471m USD |
Shares Outstanding | 12 547 300 |
Percentage of Shares Shorted | 4.61% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Aviat Networks, Inc. engages in the design, manufacture, and sale of wireless network products and solutions. The company is headquartered in Austin, Texas and currently employs 661 full-time employees. The firm designs, manufactures, and sells a range of wireless networking solutions and services to mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, and broadcast system operators across the globe. The firm's products utilize microwave and millimeter wave technologies to create point to point wireless links for short, medium, and long-distance interconnections. Its products incorporate Ethernet switching and Internet protocol (IP) routing capabilities optimized for a microwave and millimeter wave environment and for hybrid applications of microwave and optical fiber transport, to form complete networking solutions. The firm provides software tools and applications to enable deployment, monitoring, network management and optimization of its systems as well as to automate network design and procurement.
Contact
IPO
Employees
Officers
The intrinsic value of one AVNW stock under the Base Case scenario is 36.74 USD.
Compared to the current market price of 38.29 USD, Aviat Networks Inc is Overvalued by 4%.