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Aviat Networks, Inc. (AVNW)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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Goes to show you how skittish investors are, newsletter says sell and the stock gets whacked almost 13%.
This reeks of a short attack before earnings and I suspect we will see a significant rally off this sell off.
The fundamentals of this company are rock solid, we had DISH come online this reporting Q, we signed up two
new 5G service providers AND we have a LARGE western state upgrading their 911 emergency 5G network with our equipment whilst we speak. Sell if you will, we have seen this play before.
Any idea what's behind this sudden crash?
Company affirmed guidance given guidance on August 25th in yesterdays press release regarding the new
Wizzles, I did find the comments regarding this test but it was not specific as to where the test was being
done. I believe the comment was made during a conference call and the CEO mentioned the test was being done in a rural CA county. AVNW does have a big presence in the CA 911 emergency system and we know our 5G equipment works exceptionally well in rural, mountainous regions so....................
I could be wrong, the memory is not what it used to be.
MaxLinear Inc. raised its outlook for third-quarter revenue and gross margin, citing strong demand, supply-chain improvements and tight expense management. Meanwhile, the stock fell 1.8% in premarket trading. The semiconductor company said it now expects revenue of $225 million to $230 million, up from the guidance range provided in July of $215 million to $225 million and above the FactSet consensus of $219.7 million. Gross margin guidance was raised to 55.5% to 56.5% from 54.5% to 56.5%, while
I believe this large western state is CA but I do not know for sure. AVNW has a big presence in the 911 network in CA and I believe Pete addressed this qualification process with one of the counties in CA several
Q's back. I going to go back through his quarterly report comments and see if I can verify that.
What we do know is that almost every state nationwide needs to upgrade their 911 network to 5G, AVNW will
certainly get their fair share, this is right in their wheelhouse. If product is already shipping that means this is accretive to this quarter's revenue #. DISH also came online this Q so we SHOULD crush estimates.
Aviat has just completed qualification with a lead customer -- a large state-wide public safety network in the western USA. Aviat is currently taking orders for this product, which is now shipping in volume production.
Analysts pressing the fear button for all its worth, keep fussing about supply constraints when that is the past rather than the future. Sure, the company gave conservative guidance (still above consensus) and the analysts using that, but aviat always gives conservative guidance.
The company said during Q&A that the supply chain has STABILIZED. No more pushouts. That means supply is coming back online, not the opposite. They also are displacing HUAWEI accounts in Africa and Western Europe is coming to them as they don’t want to deal with HUAWEI for security reasons.
Finally, rural US very strong this quarter and will get much stronger in the coming months and years. New Biden infrastructure plan has 65 BILLIONS for new broadband in US, that’s already on top of the 29 billions already available.
Anyway you look at this, there’s very strong growth ahead for this company.
Don’t lose your shares to fear or analyst greed. If this drops tomorrow, it’s will be a fake move. Future is very bright, backlog at record level, btb greater than one, and company buying back stock.
citing strong demand, supply-chain improvements – BINGOOOO
Folks, you have to manage expectations, its how the wall st game is played. The company had an outstanding Q, the balance remains rock solid, AND we had another big inventory build this Q, $23 + million. DISH has started to contribute to revenue this Q and we bought two more 5G companies on board.
We have a dirt cheap valuation and we are even cheaper today. Buyers will be coming back so please be patient, this is a great company with a shareholder friendly management team.
Company beat both Revenue and EPS estimates. Revenue beat by quite a bit. Mid point of Very conservative guidance for next year still above current consensus estimate. And with Biden's infrastructure plan money coming on line next year and beyond, this company is set to grow for the foreseeable future. Good quarter in a difficult environment.
Roth Capital starts AVNW at buy with a PT of $49... not sure what will happen tomorrow, but I think long term Aviat will continue to do what it has done... climb!
I just listen to the call. Other than the supply chain issues, there is really nothing negative. Europe and Asia coming online, Africa is back, focus continues to be on high-margin US business. Raising prices, rural broadband coming with the infrastructure bill. Everything on track.... Slow and steady up to $50....
Did not play the last round of runup caused by a newsletter writer pump. The ER report is not impressive: gross margin dropped. More rev. than last reported q, yet profit is less. The amount of beat is getting smaller and smaller. Keep in mind they hardly pay any tax. Rev. growth is not impressive. The easy money has been made when it was a turnaround story.
Nice move today! Glad I added yesterday.
Public safety project won in Western Europe
Backlog above two hundred million at year end! btb above 1.
This stock always either rallies into earnings and then drops after a positive announcement, or drops into earnings, they miss and then rallies.... Let's wait and see where this settles in a couple of days. I prefer a conservative management team over one that is too aggressive. They are here for the long haul.... Good to get the momentum traders out anyways.....
Next week $50
repurchased 300 thousand shares in the quarter. Undervalued here!
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