AVNW

Roth MKM's Investment Outlook: Roth MKM expresses strong confidence in stocks like PowerFleet, Calix, and Aviat Networks despite macroeconomic uncertainties, noting healthy underlying demand and increased spending by broadband providers due to attractive ROI.

Future of Broadband Funding: The firm anticipates a resumption of Broadband Equity, Access, and Deployment (BEAD) funding following the appointment of new leadership at the National Telecommunications and Information Administration.

Aviat Networks Options Activity: Aviat Networks, Inc. (AVNW) has seen a trading volume of 736 options contracts today, equating to about 73,600 underlying shares, with significant activity in the $25 strike call option expiring July 18, 2025.

Regal Rexnord Options Activity: Regal Rexnord Corp (RRX) reported a volume of 2,326 options contracts today, representing approximately 232,600 underlying shares, highlighted by high activity in the $165 strike call option expiring February 21, 2025.

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Analyst Ratings: Scott Searle from Roth MKM has maintained a Buy rating on Aviat Networks (AVNW) with a price target of $42.00, while the analyst consensus suggests a Strong Buy with an average price target of $31.00, indicating a potential upside of 50.85%.

Insider Activity: Recent corporate insider activity shows positive sentiment towards Aviat Networks, with a notable increase in insiders buying shares, including a recent purchase by Director Laxmi Akkaraju.

Financial Performance: Aviat Networks reported total revenues of $118.2 million for Q2 2025, a 26.2% increase year-over-year, with a GAAP net income of $4.5 million and non-GAAP net income of $10.5 million.

Operational Highlights: The company achieved its 18th consecutive quarter of revenue growth, recorded a significant increase in adjusted EBITDA to $14.8 million, and reduced its net debt by $10 million while repurchasing shares.

Major Earnings Reports: Key companies reporting earnings after the market closes on Tuesday include Alphabet, Advanced Micro Devices, Amgen, Simon Property Group, and Snap.

Additional Earnings Releases: A wide range of other companies are also set to release their earnings reports, including AAT, AFG, EA, MDLZ, and many more.

New Board Appointment: Scott Halliday has been appointed to the Board of Directors of Aviat Networks, effective January 31, 2025, bringing extensive experience from his 38 years at EY and expertise in financial audit and governance.

Strategic Growth Focus: Halliday's leadership is expected to enhance Aviat's strategy for growth, profitability, and shareholder value, as he joins the Audit Committee and contributes to key strategic decisions.

Analyst Rating and Price Target: Jaeson Schmidt from Lake Street has maintained a Buy rating on Aviat Networks (AVNW) with a price target of $27.00, while the current analyst consensus is a Strong Buy with an average price target of $28.25.

Insider Activity and Market Performance: Positive corporate insider sentiment has been observed for AVNW, with recent insider purchases indicating confidence in the stock, which currently has a market cap of $241.8M and a P/E ratio of -47.54.

Apple Inc. Performance: Apple shares rose 3.4% in pre-market trading after reporting better-than-expected first-quarter results, with revenue of $124.3 billion and adjusted earnings of $2.40 per share, surpassing analyst estimates.

Stock Movements: Several stocks experienced significant movements in pre-market trading, with Trident Digital Tech Holdings gaining 104%, while Aviat Networks saw a decline of 46.5%.

Earnings Release Announcement: Aviat Networks, Inc. will release its second quarter fiscal 2025 financial results on February 4, 2025, after market close, followed by a conference call at 5:00 p.m. ET featuring CEO Pete Smith and CFO Michael Connaway.

Company Overview: Aviat Networks specializes in wireless transport and access solutions, serving various sectors globally with over one million systems sold, and emphasizes customer support and operational simplification through its products and services.

Introduction of SSDLC and SVA: Aviat Networks has enhanced its Secure Software Development Lifecycle (SSDLC) and introduced a Software Vulnerability Alert (SVA) service to strengthen cybersecurity measures for their software and firmware, ensuring compliance with the latest security requirements.

Proactive Security Measures: The SSDLC integrates security throughout the software lifecycle, while the SVA provides timely notifications to customers about potential vulnerabilities, enhancing the protection of critical communications networks against known cybersecurity threats.

Zoomcar Holdings Inc Performance: Zoomcar's shares surged 40.5% in pre-market trading after reporting a record contribution profit of $494,506 for December 2024, covering its operational costs in India.

Market Movements: Various stocks experienced significant changes in pre-market trading, with Vision Marine Technologies gaining 102% and IGM Biosciences falling 66.3% following major announcements and developments.

Upcoming Investor Conferences: Aviat Networks, Inc. will participate in three upcoming investor conferences, including the Needham Growth Conference on January 16, 2025, the Oppenheimer Emerging Growth Conference on February 26, 2025, and the Roth Conference from March 16 to March 18, 2025.

Company Overview: Aviat Networks is a leader in wireless transport and access solutions, with over one million systems sold globally, serving various sectors including government and utility organizations, and has a strong commitment to customer support and innovation for over 70 years.

Tax-loss selling strategy: Investors seek out underperforming stocks during the holiday season due to tax-loss selling, which occurs when investors sell off losing stocks to offset capital gains.

Investment criteria: Money managers identify potential bargain stocks that have significantly declined in value and have a strong likelihood of rebounding within the next year or two.

Investigation Announcement: Bragar Eagel & Squire, P.C. is investigating potential claims against Aviat Networks, Inc. for possible violations of federal securities laws and unlawful business practices following a significant drop in stock price after the company announced delays in filing its Annual Report.

Impact on Stockholders: The investigation is aimed at Aviat stockholders who may have suffered losses due to these developments, with the firm offering assistance to those interested in learning more about their rights and potential claims.

Investigation into Aviat Networks: Johnson Fistel, LLP is investigating potential securities law violations by Aviat Networks, Inc. and its executives regarding misrepresentation and failure to disclose material information that may have led to investor losses.

Financial Reporting Issues: The investigation follows Aviat's announcement on September 11, 2024, about its inability to file its Annual Report due to identified material weaknesses in internal financial controls for the fiscal year ending June 28, 2024.

Investigation into Aviat Networks: Johnson Fistel, LLP is investigating potential securities law violations by Aviat Networks, Inc. and its executives regarding misrepresentation or failure to disclose material information that may have led to investor losses.

Financial Reporting Issues: The investigation follows Aviat's announcement on September 11, 2024, about its inability to file its Annual Report due to identified material weaknesses in internal financial controls for the fiscal year ending June 28, 2024.

Upcoming Investor Conferences: Aviat Networks, Inc. will participate in the 18th Annual Needham Virtual Security, Networking, and Communications Conference on November 19, 2024, and the 13th Annual Roth Technology Conference in New York on November 20, 2024.

Company Overview: Aviat Networks specializes in wireless transport and access solutions, serving over one million systems in 170 countries, and is recognized for its reliable products and customer support across various sectors including government and defense.

Investigation Announcement: Johnson Fistel, LLP is investigating Aviat Networks, Inc. for potential violations of securities laws related to misrepresentation and failure to disclose adverse information that may have led to investor losses.

Financial Reporting Issues: Aviat Networks announced it could not file its Annual Report on Form 10-K by the deadline due to discovered material weaknesses in internal controls over financial reporting for the fiscal year ending June 28, 2024.

Financial Performance: Aviat Networks reported total revenues of $88.4 million for Q1 fiscal 2025, a 1.7% increase year-over-year, but faced a net loss of $11.9 million compared to a net income of $3.6 million in the same quarter last year.

Operational Highlights: The company gained market share in North America, completed the acquisition of 4RF, and began shipping products to new customers, while also adjusting its full-year revenue guidance to between $430 and $470 million.