EEDGAR/calls
The BriefMarketsAll StocksNewsScreenerCommunity

Get the Brief in your inbox

A daily, SEC-grounded read on the market — movers, earnings, and our boldest calls. Free.

EEDGAR/calls

SEC-grounded equity research — opinionated calls reasoned over real filings.

Research

  • The Brief
  • Markets
  • All Stocks
  • Screener
  • Discover
  • Track record

Tools

  • Compare
  • Events
  • Filing search
  • Groups
  • Trending
  • News

More

  • Pricing
  • Community
  • Newsletter
  • Developers / API
  • Account
DisclosuresTermsPrivacy

Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

EDGAR® is a registered trademark of the U.S. Securities and Exchange Commission. EDGAR/calls is not affiliated with, endorsed by, or approved by the U.S. Securities and Exchange Commission.

EEDGAR/calls
The BriefMarketsAll StocksNewsScreenerCommunity

Pulling SEC filings + quote and writing the call…

EEDGAR/calls
The BriefMarketsAll StocksNewsScreenerCommunity
← New search
Home›Stocks›AVNW

AVNW

AVIAT NETWORKS, INC.

Next earnings Sep 10, 2026 · consensus $0.56 EPS, $112M rev

Last earnings -2.1% on 2026-05-04

Hold
$20.47
▲ +0.49%
$20.47▼ -9.42%
over 1Y
L $15.09EODHDH $26.74
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.5%
1W+1.3%
1M+13.8%
3M-10.7%
YTD-5.2%
1Y-9.4%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Hold
Quality
C
Valuation
Overvalued
Filings
Clean
Hold
Conviction
Horizon
Medium (3–12mo)
Street · 13 analysts
Buy

Revenue grew 6.5% YoY; but thin net margin (0.3%).

The read

Middling fundamentals and a rich price (~96% above fair value) leave little margin of safety — a wait-and-see.

AVIAT NETWORKS, INC. shows $435M in FY2025 revenue (+6.5% YoY), a 0.3% net margin, and 0.5% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$275M$303M$344M$408M$435M
Gross profit$103M$109M$122M$145M$139M
Operating income$22.2M$28.7M$24.6M$19.4M$10.6M
Net income$110M$21.2M$10.2M$10.8M$1.34M
Diluted EPS$9.42$1.79$0.86$0.86$0.10
Net margin40.1%7.0%3.0%2.6%0.3%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$290M
EV / EBITDA18.2
EV / Sales0.7
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield0.5%
FCF yield-2.8%

Quality & risk

ROIC (est.)2.4%
Free cash flow-$7.25M
Total debt$87.6M
Net cash-$27.9M
Altman Z-Score0.23 distress
Piotroski F-Score3/9

Capital returns

Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY+1.0%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Routine disclosure cadence — no material red flags in recent filings.
  1. 8-K Reg FD disclosure2026-06-03
  2. 8-K Earnings results2026-05-04
  3. 10-Q Quarterly report2026-05-04
  4. 8-K Other event2026-03-10
  5. 8-K Material agreement2026-02-27
  6. 8-K Earnings results2026-02-03
  7. 10-Q Quarterly report2026-02-03
  8. 8-K Reg FD disclosure2026-01-13
  9. 10-Q Quarterly report2025-11-04

Recent filings

all on EDGAR ↗
8-KPeriod ending 2026-06-032026-06-03open ↗SDFiling2026-05-28open ↗SDFiling2026-05-28open ↗RWFiling2026-05-27open ↗10-QPeriod ending 2026-03-272026-05-04open ↗8-KPeriod ending 2026-05-042026-05-04open ↗SCHEDULE 13G/AFiling2026-03-26open ↗8-KPeriod ending 2026-03-102026-03-10open ↗8-KPeriod ending 2026-02-272026-02-27open ↗4Period ending 2026-02-092026-02-10open ↗4Period ending 2026-02-062026-02-09open ↗144Filing2026-02-09open ↗

Quality score

C
ValueGrowthProfitHealthMom.
ValueC
GrowthD
ProfitabilityD
Financial healthB+
Momentum—
  • ✓Revenue growing year-over-year
  • ✓Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
  • ✗P/E below 25

Fair value est.

$0.73

Overvalued -96% vs price

cheapfair valueexpensive

Modified Graham: EPS $0.10 × (8.5 + 1.5 × 0.0% growth) × 0.85 quality = 7.3× multiple. An estimate, not a price target.

Revenue
$435M
+6.5% YoY
Net margin
0.3%
ROE
0.5%
P/E
204.7

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$435M+6.5%
Net income$1.34M-87.5%
Gross profit$139M-3.7%
Operating income$10.6M-45.5%
Diluted EPS$0.10-88.4%
Cash & equivalents$59.7M-7.6%
Total assets$633M+18.3%
Total liabilities$370M+32.5%
Stockholders' equity$263M+2.9%
Gross: 32.1%Op.: 2.4%L/E: 1.41x

Frequently asked

Is AVIAT NETWORKS, INC. (AVNW) a buy?
AVNW currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 6.5% YoY; but thin net margin (0.3%).
What is AVNW's fair value?
A Modified-Graham model based on AVNW's SEC fundamentals estimates a fair value of about $0.73. It is an estimate from reported earnings, not a price target.
Is AVNW overvalued or undervalued?
Against a Modified-Graham fair-value estimate, AVNW currently appears overvalued relative to its SEC-grounded earnings power.
What is AVIAT NETWORKS, INC.'s quality score?
AVNW scores 55.15686274509804/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001377789, latest 10-Q filed 2026-05-04) · EODHD · as of 6/26/2026, 7:35:16 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-02-09
SMITH PETE A
President and CEO
Exercise26.4K @ $11.00$290K
2026-02-09
SMITH PETE A
President and CEO
Sell17.1K @ $26.33$450K
2026-02-06
Croke Gary
SVP of Product and Innovation
Exercise6.91K @ $7.23$50.0K
2026-02-06
Croke Gary
SVP of Product and Innovation
Sell6.91K @ $26.20$181K
2025-12-03
Schmidt Andrew C
SVP, Chief Financial Officer
Award15.6K
2025-11-11
TATEN BRUCE M.
Director
Sell3.27K @ $23.39$76.4K
2025-11-11
SMITH PETE A
President and CEO
Sell5.35K @ $23.39$125K
2025-11-07
TATEN BRUCE M.
Director
Award5.48K
2025-11-07
MUTCH JOHN
Director
Award5.48K
2025-11-07
Klein Michele
Director
Award5.48K
2025-11-07
Ingram Bryan
Director
Award5.48K

Earnings history

beat/miss · move
2026-05-04Miss -86.7% est▼ -2.08%8-K ↗
2026-02-03Beat +5.9% est▼ -0.93%8-K ↗
2025-11-04Beat +33.4% est▼ -0.98%8-K ↗
2025-09-10Beat +74.4% est▲ +1.32%8-K ↗
2025-08-27Beat +74.4% est▼ -2.42%8-K ↗
2025-05-06—▲ +3.55%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Aviat Networks Inc. (AVNW): A High Growth Micro-Cap Stock to Buy Poised for $250M OpportunityBullish
finance.yahoo.com· 2026-06-19
Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Caesars Entertainment, Datadog, Dupont, Epam Systems, Ferrari, Paychex, Rocket Lab, TeraWulf, and MoreBullish
finance.yahoo.com· 2026-06-15
Aviat Networks (AVNW): Long-Haul Expansion Adds Backbone Capacity Angle to the AI Networking StoryBullish
finance.yahoo.com· 2026-06-14
ASTS Plagued by Competitive Pressure, Macro Risks: Time to Rethink?Bullish
finance.yahoo.com· 2026-06-04
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Aviat Networks, Inc. - AVNWBullish
globenewswire.com· 2026-05-19
Aviat Networks shares slump after outlook cut on project delaysBearish
seekingalpha.com· 2026-05-05

Vs tracked universe

compare →

1044 tracked peers · median

EDGAR Score55 vs 67
Revenue growth6.5% vs 7.1%
Net margin0.3% vs 10.5%
Return on equity0.5% vs 12.3%
P/E204.7 vs 25.5

News sentiment

EODHD · 9d
Bullish
+0.08
vs typical · 12 articles
↓ cooling

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.