| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | 2 | — | — | 2 | — | — | — | — | — | 3 | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Cash | 22.24 | 64.62 | 59.69 | 72.84 |
| Receivables | 158.08 | 248.54 | 286.19 | 274.37 |
| Inventory | 33.43 | 62.27 | 83.98 | 69.01 |
| Other | 22.16 | 29.80 | 33.72 | 23.03 |
| 235.92 | 405.22 | 463.58 | 439.25 |
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Payables | 60.14 | 92.85 | 148.09 | 119.50 |
| ST’ Debt | 0.61 | 2.40 | 18.62 | 7.90 |
| Other | 44.87 | 80.45 | 75.49 | 61.19 |
| 130.06 | 218.86 | 282.20 | 223.15 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 107.32 | 111.47 | 100.00 | 120.89 |
439.68
|
| ’25 | 88.43 | 118.20 | 112.64 | 115.34 |
434.61
|
| ’24 | 86.91 | 93.69 | 110.82 | 116.66 |
408.08
|
| ’23 | 81.25 | 90.68 | 83.48 | 89.02 |
344.43
|
| ’22 | 73.16 | 77.86 | 74.52 | 77.42 |
302.96
|
| ’21 | 66.29 | 70.53 | 66.40 | 71.69 |
274.91
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | (11.74) | 23.92 | (1.70) | 3.09 |
13.56
|
| ’25 | (27.16) | 20.75 | 1.62 | 10.51 |
5.72
|
| ’24 | 13.98 | (7.07) | 15.32 | 8.31 |
30.54
|
| ’23 | (6.31) | (2.04) | (0.65) | 7.36 |
(1.64)
|
| ’22 | 0.68 | (2.84) | (8.62) | 13.58 |
2.79
|
| ’21 | 4.24 | 5.98 | 3.97 | 3.11 |
17.30
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | (13.47) | 22.48 | (5.39) | 2.47 |
6.09
|
| ’25 | (32.59) | 20.85 | (1.17) | 5.66 |
(7.25)
|
| ’24 | 13.26 | (7.72) | 14.82 | 7.50 |
27.87
|
| ’23 | (22.56) | 13.53 | (5.03) | 7.08 |
(6.98)
|
| ’22 | 0.33 | (3.29) | (6.57) | 12.81 |
3.28
|
| ’21 | 3.22 | 5.62 | 2.94 | 2.66 |
14.45
|
| Sep | Dec | Mar | Jun | Year | |
|---|---|---|---|---|---|
| ’26 | — | — | — | — |
—
|
| ’26 | 0.01 | 0.44 | (0.16) | (0.10) |
0.19
|
| ’25 | (0.94) | 0.35 | 0.27 | 0.40 |
0.10
|
| ’24 | 0.34 | 0.24 | 0.27 | 0.12 |
0.86
|
| ’23 | (0.25) | 0.51 | 0.41 | 0.28 |
0.97
|
| ’22 | 0.39 | 0.49 | 0.51 | 0.39 |
1.79
|
| ’21 | 0.54 | 0.58 | 8.00 | 0.24 |
9.42
|
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 23.88 | 21.15 | 12.96 | 15.80 | 13.92 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.18 | 39.80 | 38.85 | 26.83 | 27.02 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 712 | 704 | 913 | 923 | 900 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.43 | 0.49 | 0.45 | 0.47 | 0.49 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 302.96 | 344.43 | 408.08 | 434.61 | 439.68 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 36.06% | 35.53% | 35.47% | 32.08% | 31.45% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 30.44 | 21.31 | 16.91 | 3.58 | 13.22 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.05% | 6.19% | 4.14% | 0.82% | 3.01% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.16 | 10.17 | 10.76 | 1.34 | 2.54 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.46 | 6.18 | 4.99 | 8.05 | 6.12 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.13 | 30.33 | 33.50 | 34.27 | 34.22 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 1.89 | 1.01 | 0.88 | 0.11 | 0.20 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.25 | (0.14) | 2.51 | 0.45 | 1.06 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.04 | (0.47) | (0.22) | (1.02) | (0.58) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.29 | (0.61) | 2.29 | (0.57) | 0.47 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 18.07 | 19.26 | 21.01 | 20.75 | 20.81 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.17 | 11.36 | 12.18 | 12.68 | 12.85 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.25 | 33.37 | 28.23 | 240.50 | 116.84 | ‡‡‡‡ | ‡‡‡ | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.92 | 1.10 | 0.83 | 0.70 | 0.65 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.39 | 1.73 | 1.32 | 1.16 | 1.07 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.77 | 1.04 | 0.79 | 0.77 | 0.70 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 71.56 | (51.52) | 11.51 | (45.92) | 50.80 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.79 | (1.64) | 30.54 | 5.72 | 13.56 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.49 | (5.33) | (2.67) | (12.97) | (7.47) | ‡‡‡‡‡ | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.28 | (6.98) | 27.87 | (7.25) | 6.09 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 101.92 | 105.85 | 186.37 | 181.38 | 216.09 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.93 | 2.75 | 48.35 | 87.59 | 97.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (44.84) | (19.49) | (16.27) | 27.90 | 24.16 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 201.75 | 218.74 | 255.89 | 263.18 | 267.39 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.81% | 2.96% | 2.40% | 0.23% | 0.41% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 11.45% | 7.72% | 5.06% | 2.27% | 4.12% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.99% | 4.84% | 4.53% | 0.52% | 0.96% | — | — | — |
ROE
|
Aviat Networks (AVNW) stands out as a resilient growth engine in the booming telecom infrastructure space, powering 5G backhaul and edge computing with revenue surging 52% from $269 million in 2016 to a record $408 million in 2024—fueled by impressive per-employee productivity gains and steady 6% CAGR. Analysts project another 27% revenue ramp through 2028, with EPS potentially tripling to $2.55 amid 5G capex waves and emerging market partnerships. Trading 36% below the average target (with 20-68% upside potential), AVNW’s cheap 0.8x PS ratio screams opportunity for investors eyeing disruptive telecom plays.
Yet, the road isn’t without bumps: a 2021 profit windfall faded into margin pressures (gross dipping to projected 32% in 2025), a sharp debt spike to $48 million, and zero insider buys amid $1.27 million in sells signal near-term caution. Free cash flow swings and capex surges add volatility, mirroring past stock dips despite topline strength—but forecasts show FCF rebounding to $57 million by 2026, priming deleveraging and ROE recovery.
This high-conviction growth bet balances solid fundamentals against execution risks, with catalysts like global spectrum auctions and M&A potential poised to unlock $30-40 share prices. Dive into the full analysis for the charts, correlations, and entry cues that reveal why AVNW could be your next telecom winner.
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