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Aviat Networks Inc(AVNW)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AVNW
10/09/2026: AVNW (1-star) is currently NOT-A-BUY. Pass it for now.
Aviat Networks is a specialized provider of mission-critical wireless backhaul solutions, focusing on microwave and millimeter-wave technologies for global telecommunications and private industrial networks. The company has successfully evolved its business model to emphasize higher-margin software and service contracts, providing more stable recurring revenue. While it faces stiff competition from larger global telecom infrastructure firms, its specialized focus allows it to compete effectively in niche markets. Key risks include exposure to cyclical infrastructure spending and potential integration challenges with acquisitions. The stock may appeal to growth-oriented investors looking for exposure to 5G expansion and industrial connectivity, provided they can tolerate volatility inherent in small-cap equipment providers.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company is expanding through M&A and niche market focus, offering moderate growth potential. |
| Momentum investor | Strong fit while signal remains positive | Momentum investors may find interest when the stock demonstrates sustained relative strength based on contract wins. |
| Value investor | Mixed fit | Valuation fluctuates based on the success of integration strategies and sector-wide spending cycles. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | Small-cap telecom equipment stocks typically carry significant volatility and execution risks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock's limited float and small-cap status can lead to wider price swings. |
| Valuation risk | Medium | Investors must weigh the growth potential against the historical variability of the company's earnings. |
| Competition risk (Infrastructure providers) | High | Large global players can bundle services and compete aggressively on pricing. |
| Business quality | Medium | The company relies on cyclical capital expenditure cycles within the telecommunications sector. |
| Dividend income | Low / none | There is no dividend income to provide a floor for total return. |
| Execution risk | Medium / high | Success is tied to the ability to integrate acquisitions and execute on complex service contracts. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -19.39% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 267.07M USD | Price to earnings Ratio 109.32 | 1Y Target Price 32.75 |
Price to earnings Ratio 109.32 | 1Y Target Price 32.75 | ||
Volume (30-day avg) 152.2K shares | Beta 0.68 | 52 Weeks Range 13.92 - 27.02 | Updated Date 10/10/2026 |
52 Weeks Range 13.92 - 27.02 | Updated Date 10/10/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.19 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Product Sales | Microwave and millimeter-wave radios, software licenses. | Hardware sales drive the initial relationship with network operators. |
| Services | Network design, installation, maintenance, and consulting. | This provides essential, more predictable revenue through ongoing support contracts. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 109.32 | Forward PE 8.01 | Enterprise Value 282.88M | Price to Sales(TTM) 0.61 |
Enterprise Value 282.88M | Price to Sales(TTM) 0.61 | ||
Enterprise Value to Revenue 0.64 | Enterprise Value to EBITDA 10.47 | Shares Outstanding 12.86M | Shares Floating 11.62M |
Shares Outstanding 12.86M | Shares Floating 11.62M | ||
Percent Insiders 9.42 | Percent Institutions 85.72 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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