Aviat Networks, Inc. operates globally, specializing in the provision of wireless transport solutions. The company furnishes an extensive portfolio of products complemented ...
Aviat Networks, Inc. is a niche player in the wireless transport solutions market, focusing on microwave and millimeter wave networking equipment for communication service providers and private network operators. The company has a market cap of approximately $272 million, with its stock trading at $21.00, within a 52-week range of ...
Aviat Networks, Inc. is a niche player in the wireless transport solutions market, focusing on microwave and millimeter wave networking equipment for communication service providers and private network operators. The company has a market cap of approximately $272 million, with its stock trading at $21.00, within a 52-week range of $13.92-$27.02. Aviat operates in the Technology sector, specifically Communication Equipment, and is headquartered in Austin, Texas. Financially, Aviat shows a mixed profile. The company has a P/E ratio of 36.84, indicating that the market expects future growth, but its net margin is only 2.1%, and its ROE is 3.4%, both low. The balance sheet appears manageable with a debt-to-equity ratio of 0.39 and a current ratio of 1.99, suggesting good short-term liquidity. The quick ratio of 1.67 further indicates solid liquidity. However, the interest coverage ratio is very low at 0.21, which is a red flag as earnings before interest and taxes are barely sufficient to cover interest expenses. The effective tax rate is high at 51.3%, which might be due to one-time items. Growth metrics are modest: revenue per share is $33.61, and the company has a revenue yield of about 3.3% based on P/S of 0.63. The EV/EBITDA is 9.35, which is reasonable. The company is marginally profitable with a net income per share of $0.70, but its free cash flow per share is $0.92, indicating that it generates some cash. However, the cash conversion cycle is long at 180 days, reflecting slow collections (days sales outstanding of 229 days) and a high inventory period (90 days). The company's key strength lies in its specialized product offerings and strong customer relationships in the wireless transport niche. It serves both commercial and government clients, giving some diversification. The low beta of 0.70 suggests less volatility than the market. Aviat has a small but dedicated workforce of 920 employees, and its R&D spending is about 6.6% of revenue, which supports innovation. On the negative side, the company faces intense competition from larger players like Ericsson and Nokia, which could pressure margins. Its reliance on a few large customers in the telecom sector makes it vulnerable to carrier spending cycles. The recent Q1 2026 earnings missed estimates, indicating execution challenges. Additionally, supply chain risks and geopolitical tensions are threats. The stock is trading near its book value (P/B ~1.0), but the low ROE suggests limited returns on equity. Overall, Aviat is a small-cap company with a stable niche but faces profitability and growth challenges. The rating reflects a hold with a cautious outlook, as the company needs to improve margins and reduce its interest burden.
총이익률, 영업이익률, 순이익률이 전년 대비 어떻게 바뀌었는지 보여줍니다.
| 지표 | 현재 | 이전 | 전년 대비전년 동기 대비 변화: 현재 분기와 전년 동기 분기를 비교합니다. | 전분기 대비전분기 대비 변화: 현재 분기와 직전 분기를 비교합니다. | 신호 |
|---|---|---|---|---|---|
| 매출 | — | — | — | — | 보합 |
| 희석 EPS | — | — | — | — | 보합 |
| 잉여현금흐름 | — | — | — | — | 보합 |
| 지표 | 현재 | 이전 | 전년 대비전년 동기 대비 변화: 현재 분기와 전년 동기 분기를 비교합니다. | 전분기 대비전분기 대비 변화: 현재 분기와 직전 분기를 비교합니다. | 신호 |
|---|---|---|---|---|---|
| 순이익률 | — | -1.06% | — | — | 보합 |
| 영업이익률 | — | 4.82% | — | — | 보합 |
| ROE | — | — | — | — | 보합 |
| 지표 | 현재 | 이전 | 전년 대비전년 동기 대비 변화: 현재 분기와 전년 동기 분기를 비교합니다. | 전분기 대비전분기 대비 변화: 현재 분기와 직전 분기를 비교합니다. | 신호 |
|---|---|---|---|---|---|
| 유동비율 | — | 1.968 | — | — | 보합 |
| 당좌비율 | — | 1.659 | — | — | 보합 |
| 부채 / 자본 | — | 0.371 | — | — | 보합 |
| 지표 | 현재 | 이전 | 전년 대비전년 동기 대비 변화: 현재 분기와 전년 동기 분기를 비교합니다. | 전분기 대비전분기 대비 변화: 현재 분기와 직전 분기를 비교합니다. | 신호 |
|---|---|---|---|---|---|
| P/E | — | -52.93x | — | — | 보합 |
| P/B | — | 1.02x | — | — | 보합 |
