Aviat Networks, Inc. (NASDAQ:AVNW) is reporting first quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.58 per share.
For the full year, analysts predict revenues of $ 250.18 million, while looking forward to income of $ 2.19 per share.
Previous Quarter Performance
Aviat Networks, Inc. came out with income for the fourth quarter of $ 0.75 per share, from the revenue of $ 62.65 million. Wall street analysts are predicting, AVNW to report 4Q20 income of $ 0.27 per share from revenue of $ 64.12 million. The bottom line results beat street analysts by $ 0.48 or 177.78 percent, at the same time, top line results fell short of analysts by $ 1.47 million or 2.29 percent.
Stock Performance
Shares of Aviat Networks, Inc. traded up $ 0.40 or 2.11 percent on Wednesday, reaching $ 19.34 with volume of 16.20 thousand shares. Aviat Networks, Inc. has traded high as $ 19.49 and has cracked $ 18.95 on the downward trend
The closing price of $ 19.34, representing a 166.76 % increase from the 52 week low of $ 7.10 and a 20.65 % decrease over the 52 week high of $ 23.87.
The company has a market capital of $ 104.88 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Aviat Networks, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aviatnetworks.com
Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.
