AVNW

Company Overview — What Does AVIAT NETWORKS, INC. Do?

Aviat Networks, Inc. provides wireless transport solutions worldwide. It offers a comprehensive suite of products and localized professional and support services enabling customers to simplify their networks and lives. The company's products and solutions include wireless transmission systems for microwave and millimeter wave networking applications. It serves communications service providers and private network operators, including state/local government, utility, federal government, and defense organizations. The company markets its products through a direct sales, service, and support organization; indirect sales channels comprising dealers, resellers, and sales representatives; and through online. Aviat Networks, Inc. was incorporated in 2006 and is headquartered in Austin, Texas. AVIAT NETWORKS, INC. (AVNW) is classified as a micro-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Peter A. Smith and employs approximately 710 people, headquartered in Milpitas, Texas. With a market capitalization of $254M, AVNW is one of the notable companies in the Technology sector.

AVIAT NETWORKS, INC. (AVNW) Stock Rating — Reduce (April 2026)

As of April 2026, AVIAT NETWORKS, INC. receives a Reduce rating with a composite score of 41.9/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.AVNW ranks #2,373 out of 4,446 stocks in our coverage universe. Within the Technology sector, AVIAT NETWORKS, INC. ranks #256 of 584 stocks, placing it in the upper half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

AVNW Stock Price and 52-Week Range

AVIAT NETWORKS, INC. (AVNW) currently trades at $22.16. The stock gained $0.91 (4.3%) in the most recent trading session. The 52-week high for AVNW is $27.02, which means the stock is currently trading -18.0% from its annual peak. The 52-week low is $15.80, putting the stock 40.3% above its annual trough. Recent trading volume was 287K shares, suggesting relatively thin trading activity.

Is AVNW Overvalued or Undervalued? — Valuation Analysis

AVIAT NETWORKS, INC. (AVNW) carries a value factor score of 48/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 19.10x, compared to the Technology sector average of 45.27x — a discount of 58%. The price-to-book ratio stands at 0.98x, versus the sector average of 3.16x. The price-to-sales ratio is 0.59x, compared to 1.06x for the average Technology stock. On an enterprise value basis, AVNW trades at 12.47x EV/EBITDA, versus 12.79x for the sector.

Overall, AVNW's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

AVIAT NETWORKS, INC. Profitability — ROE, Margins, and Quality Score

AVIAT NETWORKS, INC. (AVNW) earns a quality factor score of 48/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 5.1%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 2.1% versus the sector average of -1.0%.

On a margin basis, AVIAT NETWORKS, INC. reports gross margins of 33.8%, compared to 50.9% for the sector. The operating margin is 6.6% (sector: -0.5%). Net profit margin stands at 3.1%, versus -1.5% for the average Technology stock. Revenue growth is running at 26.1% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

AVNW Debt, Balance Sheet, and Financial Health

AVIAT NETWORKS, INC. has a debt-to-equity ratio of 39.0%, compared to the Technology sector average of 43.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 1.85x, suggesting adequate working capital coverage. Total debt on the balance sheet is $105M.

AVNW has a beta of 1.18, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for AVIAT NETWORKS, INC. is 49/100, reflecting average volatility within the normal range for its sector.

AVIAT NETWORKS, INC. Revenue and Earnings History — Quarterly Trend

In TTM 2026, AVIAT NETWORKS, INC. reported revenue of $450M and earnings per share (EPS) of $0.44. Net income for the quarter was $14M. Gross margin was 33.8%. Operating income came in at $30M.

In Q2 2026, AVIAT NETWORKS, INC. reported revenue of $111M and earnings per share (EPS) of $0.44. Net income for the quarter was $6M. Gross margin was 32.4%. Revenue grew -5.7% year-over-year compared to Q2 2025. Operating income came in at $7M.

In Q1 2026, AVIAT NETWORKS, INC. reported revenue of $107M and earnings per share (EPS) of $0.01. Net income for the quarter was $162,000. Gross margin was 33.2%. Revenue grew 21.4% year-over-year compared to Q1 2025. Operating income came in at $5M.

In FY 2025, AVIAT NETWORKS, INC. reported revenue of $435M and earnings per share (EPS) of $0.11. Net income for the quarter was $1M. Gross margin was 32.1%. Revenue grew 6.5% year-over-year compared to FY 2024. Operating income came in at $11M.

Over the past 8 quarters, AVIAT NETWORKS, INC. has demonstrated a growth trajectory, with revenue expanding from $408M to $450M. Investors analyzing AVNW stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

AVNW Dividend Yield and Income Analysis

AVIAT NETWORKS, INC. (AVNW) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

AVNW Momentum and Technical Analysis Profile

AVIAT NETWORKS, INC. (AVNW) has a momentum factor score of 48/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 25/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 7/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

AVNW vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, AVIAT NETWORKS, INC. (AVNW) ranks #256 out of 584 stocks based on the Blank Capital composite score. This places AVNW in the upper half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing AVNW against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full AVNW vs S&P 500 (SPY) comparison to assess how AVIAT NETWORKS, INC. stacks up against the broader market across all factor dimensions.

AVNW Next Earnings Date

No upcoming earnings date has been announced for AVIAT NETWORKS, INC. (AVNW) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy AVNW? — Investment Thesis Summary

The quantitative profile for AVIAT NETWORKS, INC. suggests caution.

In summary, AVIAT NETWORKS, INC. (AVNW) earns a Reduce rating with a composite score of 41.9/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on AVNW stock.

Related Resources for AVNW Investors

Explore more research and tools: AVNW vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare AVNW head-to-head with peers: AVNW vs IHS, AVNW vs VRSN, AVNW vs ESE.