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Aviat Networks

Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.

Aviat Networks Inc

WIIM

AVNW

Aviat Networks shares are trading higher after the company reported better-than-expected Q4 financial results.

<h3>Gainers</h3>
<ul>
<li>Credo Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) stock moved upwards by 12.1% to $36.5 during Monday's pre-market session. The company's market cap stands at $6.0 billion. </li>
<li>Toyo Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOYO#NASDAQ">TOYO</a>) stock moved upwards by 11.55% to $2.8. The market value of their outstanding shares is at $124.1 million. </li>
<li>Wetouch Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETH#NASDAQ">WETH</a>) shares rose 10.91% to $2.03. The company's market cap stands at $24.2 million. </li>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) shares rose 9.12% to $3.35. The company's market cap stands at $130.6 million. </li>
<li>ACM Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) stock rose 8.43% to $23.9. The market value of their outstanding shares is at $1.4 billion. </li>
<li>Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) shares moved upwards by 8.21% to $20.95. The company's market cap stands at $263.2 million. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) shares decreased by 9.3% to $0.24 during Monday's pre-market session. The market value of their outstanding shares is at $7.2 million. </li>
<li>SPI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) stock declined by 7.82% to $0.53. The market value of their outstanding shares is at $16.8 million. </li>
<li>Inseego (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) stock declined by 5.9% to $15.51. The company's market cap stands at $190.4 million. </li>
<li>Trident Digital Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) stock fell 4.62% to $3.1. The company's market cap stands at $200.0 million. </li>
<li>Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares fell 4.2% to $63.89. The company's market cap stands at $9.1 billion. </li>
<li>Sprinklr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) shares fell 3.76% to $7.18. The market value of their outstanding shares is at $1.9 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Monday's Pre-Market Session

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Duckhorn Portfolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NASDAQ">NAPA</a>) to report quarterly earnings at 10 cents per share on revenue of $106.55 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Duckhorn Portfolio shares rose 1.3% to $5.47 in after-hours trading.</li>
<li>Vista Outdoor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, and its affiliates to sell Revelyst in an all-cash deal with an enterprise value of $1.125 billion. Vista Outdoor shares fell 0.9% to $39.50 in the after-hours trading session.</li>
<li>ZenaTech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) disclosed new management team appointments, naming Craig Passley as Company Secretary and promoting Sajjad Asif to Chief Technology Officer. The company also appointed Linda Montgomery as Vice President of Corporate Development. ZenaTech shares gained 2.8% to $4.02 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Aviat Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) posted better-than-expected results for its fourth quarter on Friday. The company reported quarterly earnings of 72 cents per share which beat the analyst consensus estimate of 69 cents per share. The company reported quarterly sales of $116.66 million which beat the analyst consensus estimate of $112.92 million. Aviat Networks shares gained 8.5% to $21.00 in the after-hours trading session.</li>
<li>EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) announced plans to acquire First Derivative. EPAM Systems shares slipped 0.2% to $198.05 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/24/10/41196046/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yiel">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

EPAM

NAPA

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Aviat Networks, Duckhorn Portfolio And 3 Stocks To Watch Heading Into Monday

Fiscal 2025 Full Year Guidance
The Company established its fiscal 2025 full year revenue and Adjusted EBITDA guidance as follows:
<ul>
<li>Full year Revenue between $450 and $490 million</li>
<li>Full year Adjusted EBITDA between $46.0 and $52.0 million</li>
</ul>
As previously disclosed, Aviat has identified certain material weaknesses in its internal control over financial reporting for the 2024 fiscal year. The Company has initiated and will continue to implement measures designed to improve its internal control over financial reporting to remediate these material weaknesses with oversight from the Audit Committee of the Board of Directors and assistance from its external advisors. Please refer to Item 9A in our Annual Report on Form 10-K (the "Form 10-K") filed with the Securities and Exchange Commission ("SEC") on October 4, 2024, for more information.
Subsequent to the issuance of the consolidated financial statements and related disclosures for the fiscal year ended June 30, 2023, the Company identified certain errors in its previously issued consolidated financial statements. The Company evaluated the materiality of the errors and determined that the impacts were not material, individually or in the aggregate, to the Company's previously issued consolidated financial statements for any of the prior reporting periods in which they occurred. The Company has revised the prior period financial statements for fiscal 2024 and fiscal 2023 to correct the errors. The revisions ensure comparability across all periods presented herein. Please refer to Note 16. Revisions to Prior Period Consolidated Financial Statements of the Notes to the consolidated financial statements in our Form 10-K for further information.

Guidance

Aviat Networks Sees FY25 Revenue $450M-$490M Vs $484.16M Est.

Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.69 by 4.35 percent. This is a 17.24 percent decrease over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $116.66 million which beat the analyst consensus estimate of $112.92 million by 3.31 percent. This is a 28.05 percent increase over sales of $91.10 million the same period last year.

Aviat Networks Q4 Adj $0.72 Beats $0.69 Estimate, Sales $116.66M Beat $112.92M Estimate

B. Riley Securities analyst Dave Kang maintains Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) with a Buy and lowers the price target from $55 to $42.

Price Target

Analyst Ratings

B. Riley Securities Maintains Buy on Aviat Networks, Lowers Price Target to $42

Northland Capital Markets analyst Tim Savageaux reiterates Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) with a Outperform and lowers the price target from $50 to $40.

Reiteration

Northland Capital Markets Reiterates Outperform on Aviat Networks, Lowers Price Target to $40

Aviat Networks Files Notification Of Late Filing On Form 12b-25 With Respect To Annual Report On Form 10-K

A new SEC filing reveals that PETE SMITH, President and CEO at Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>), made a notable insider purchase on August 12,.
What Happened: SMITH made a significant move by purchasing 10,020 shares of Aviat Networks as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001377789/000162828024036752//Archives/edgar/data/1377789/000162828024036752/0001628280-24-036752-index.htm">U.S. Securities and Exchange Commission</a>. The transaction's total worth stands at $275,249.
Monitoring the market, Aviat Networks's shares up by 0.33% at $27.3 during Tuesday's morning.
<h3>Get to Know Aviat Networks Better</h3>
Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
<h3>Aviat Networks: Financial Performance Dissected</h3>
Revenue Growth: Aviat Networks displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 33.7%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Profitability Metrics:
<ul>
<li>
Gross Margin: With a low gross margin of 32.73%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Aviat Networks's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.27.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.2.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 24.29, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a P/S ratio of 0.86 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 10.28, Aviat Networks presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001377789">Check Out The Full List Of Aviat Networks's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Major Purchase Alert: PETE SMITH Invests $275K In Aviat Networks Stock

Lake Street analyst Jaeson Schmidt reiterates Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) with a Buy and maintains $51 price target.

Lake Street Reiterates Buy on Aviat Networks, Maintains $51 Price Target

Aviat Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avnw#NASDAQ">AVNW</a>) recently inked a definitive agreement to acquire 4RF Limited for an undisclosed amount. The acquisition marks a pivotal step for Aviat in strengthening its wireless access portfolio and enhancing its capabilities to serve a wider range of customer needs for private networks across multiple industries.
Headquartered in Wellington, New Zealand, 4RF has established itself as a leading provider of industrial wireless access solutions including narrowband point-to-point, multi-point radios, Private LTE and 5G routers. These products are designed specifically for critical infrastructure networks including utilities, oil and gas, transportation, mining and public safety.
Spending on critical infrastructure networks is increasing worldwide due to the growing demand for security, automation, and fixed and mobile data communications. Operators of mission-critical networks around the world rely on Aviat for its ultra-reliable and high-performance wireless solutions.
Post-acquisition, Aviat will leverage 4RF&#39;s expertise in critical infrastructure networks and its extensive customer base across 160 countries worldwide to explore cross-selling opportunities. With a strong presence in more than 300 critical infrastructure customers, 4RF is expected to boost and expand Aviat&#39;s existing portfolio for the global industrial wireless access markets including Private LTE/5G.
Further, the buyout will also enable Aviat to access the narrowband connectivity segment and the Cellular (LTE/5G) Router market. This will likely help Aviat to enhance its reputation in delivering cutting-edge wireless communications technologies across diverse industries and improve its revenues in the upcoming quarters. The transaction is expected to be accretive to earnings from the first year of its operation.
Shares of Aviat have lost 17.5% over the past year against the industry&#39;s growth of 40.3%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e0/70182.jpg?v=1981591147" />
Image Source: Zacks Investment Research
<h3>Zacks Rank and Key Picks</h3>
Aviat currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the industry have been discussed below.
Arista Networks, Inc., carrying a Zacks Rank of 2 (Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers.
Arista delivered a trailing four-quarter average earnings surprise of 15.39%. It has a long-term growth expectation of 16.07%.
Motorola Solutions, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/msi#NYSE">MSI</a>) provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure services. Currently, Motorola holds a Zacks Rank 2.
It delivered a trailing four-quarter average earnings surprise of 7.54% and has a long-term growth expectation of 9.47%. In the last reported quarter, Motorola delivered an earnings surprise of 11.51%.
Silicon Motion Technology Corporation, carrying a Zacks Rank of 2, is a pioneer in developing RF integrated circuits for mobile devices and NAND flash controller integrated circuits for USB flash drives and memory cards.
The company delivered a trailing four-quarter average earnings surprise of 4.72%. It has a long-term growth expectation of 38.16%.
<a href="https://www.zacks.com/stock/news/2296666/aviat-avnw-boosts-wireless-access-portfolio-with-4rf-buyout?cid=CS-BENZ-FT-analyst_blog|company_news_tech_sector-2296666">To read this article on Zacks.com click here.</a>

Small Cap

Tech

Aviat Boosts Wireless Access Portfolio With 4RF Buyout

Reported Earlier, Aviat Expects The Buyout To Be Immediately Accretive To Its Gross Margin And To Be Accretive To Adjusted EBITDA And Non-GAAP EPS In The First Year

Reported Earlier, Aviat Networks Announced The Acquisition Of 4RF Limited For An Undisclosed Amount

Connaway&#39;s employment with the Company is effective as of today, and he will serve as the Company&#39;s Principal Financial Officer.

Management

Aviat Networks Names Michael C. Connaway As Senior Vice President And CFO

B. Riley Securities analyst Dave Kang maintains Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) with a Buy and lowers the price target from $59 to $55.

B. Riley Securities Maintains Buy on Aviat Networks, Lowers Price Target to $55

Aviat Networks shares are trading lower following weak FY24 guidance.

Aviat Networks Sees FY24 Revenue $408M-$418M Vs $427.75M Est.

Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) reported quarterly earnings of $0.73 per share which beat the analyst consensus estimate of $0.51 by 43.14 percent. This is a 2.67 percent decrease over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $111.613 million which missed the analyst consensus estimate of $113.437 million by 1.61 percent. This is a 33.70 percent increase over sales of $83.480 million the same period last year.

Earnings Beats

Earnings Misses

Aviat Networks Q3 2024 Adj EPS $0.73 Beats $0.51 Estimate, Sales $111.613M Miss $113.437M Estimate

<h3>Gainers</h3>
<ul>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) stock rose 23.2% to $2.6 during Wednesday's after-market session. The market value of their outstanding shares is at $86.6 million. </li>
<li>Castellum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CTM#AMEX">CTM</a>) shares moved upwards by 7.95% to $0.27. The market value of their outstanding shares is at $14.3 million. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) shares rose 6.53% to $4.4. The market value of their outstanding shares is at $2.8 million. </li>
<li>Wetouch Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETH#NASDAQ">WETH</a>) stock rose 6.38% to $2.0. The market value of their outstanding shares is at $23.8 million. </li>
<li>FormFactor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORM#NASDAQ">FORM</a>) shares rose 5.7% to $46.5. The company's market cap stands at $3.5 billion. The company's, Q1 earnings came out today. </li>
<li>Kopin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>) stock increased by 4.99% to $0.82. The market value of their outstanding shares is at $96.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fastly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) shares decreased by 27.8% to $9.34 during Wednesday's after-market session. The market value of their outstanding shares is at $1.2 billion. The company's, Q1 earnings came out today. </li>
<li>Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) shares decreased by 20.28% to $14.55. The market value of their outstanding shares is at $4.3 billion. The company's, Q1 earnings came out today. </li>
<li>Everspin Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRAM#NASDAQ">MRAM</a>) shares decreased by 20.22% to $6.0. The market value of their outstanding shares is at $128.2 million. The company's, Q1 earnings came out today. </li>
<li>Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) stock declined by 11.53% to $99.0. The company's market cap stands at $9.5 billion. As per the press release, Q4 earnings came out today. </li>
<li>Kulicke &amp; Soffa Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>) stock fell 5.33% to $42.0. The market value of their outstanding shares is at $2.3 billion. As per the news, the Q2 earnings report came out today. </li>
<li>Aviat Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVNW#NASDAQ">AVNW</a>) shares decreased by 4.33% to $32.5. The market value of their outstanding shares is at $407.7 million. The company's, Q3 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's After-Market Session

Offerings

Aviat Networks Files $400M Mixed-Securities Shelf Offering

Lake Street analyst Jaeson Schmidt maintained a Buy rating on Aviat Networks (AVNW – Research Report) today and set a price target of $51.00. The c...

Lake Street Remains a Buy on Aviat Networks (AVNW)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Navigating today&rsquo;s market where mega- and large-cap tech darlings are giving up recent gains can feel like walking a tightrope. But experienced investors know that there&rsquo;s always a bull market in some asset class, such as small-cap stock picks. Typically valued between $250 million and $2 billion in market cap, these smaller companies can offer surprising opportunities for significant returns and growth potential.



With the market eyeing <a href="https://investorplace.com/2024/08/emergency-fed-meeting-is-a-rate-cut-imminent/">possible rate cuts from the Federal Reserve</a>, small-cap stock picks look even more attractive. Lower interest rates can benefit these companies, especially since they often have more debt than their larger counterparts. Take the Russell 2000 index, a gauge for small-cap shares. It&rsquo;s almost flat this year, while the S&amp;P 500 index is up around 9%. This underperformance suggests that small-cap stocks might have more room to grow, making them an interesting choice for long-term gains.



So, consider three top small-cap stock picks for impressive returns.



<h2>Aviat Networks (AVNW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/small-cap-picks-300x169.jpg" alt='a journal that says "Small is the new BIG" to represent small-cap stocks in index funds. Small-Cap Stocks with Potential'><div>Source: Shutterstock</div></div>Aviat Networks (NASDAQ:<a href="https://investorplace.com/stock-quotes/avnw-stock-quote/">AVNW</a>), known for its wireless solutions, is the first name among our small-cap stock picks. With over 70 years of experience, the company has built networks globally for industries like mobile operators and public safety. Its advanced digital microwave systems help reduce costs and improve network performance.



In the <a href="https://investors.aviatnetworks.com/news-releases/news-release-details/aviat-networks-announces-fiscal-2024-third-quarter-and-nine">third quarter of fiscal year 2024</a>, Aviat reported a 33.7% year-over-year (YOY) revenue increase, reaching $111.6 million. However, adjusted EPS of 73 cents was slightly below last year&rsquo;s 75 cents. In addition, the company has lowered its growth outlook due to a slower revenue ramp-up from the <a href="https://investors.aviatnetworks.com/news-releases/news-release-details/aviat-networks-completes-acquisition-necs-wireless-transport">November 2023 Pasolink acquisition</a> and cautious spending by its tier-1 customers.



Nonetheless, Aviat remains an attractive option due to its growth potential, especially with the global network management market <a href="https://www.grandviewresearch.com/industry-analysis/network-management-systems-nms-market">projected to grow over 10%</a> annually through 2030. The recent <a href="https://investors.aviatnetworks.com/news-releases/news-release-details/aviat-networks-acquires-4rf-leading-provider-industrial-wireless">acquisition of 4RF</a> also strengthens the company&rsquo;s industrial wireless solutions.



Year-to-date (YTD), AVNW stock has declined more than 17%. It currently trades at 7.9 times forward earnings and <a href="https://www.morningstar.com/stocks/xnas/avnw/quote">0.90 times sales</a>. However, analysts forecast a <a href="https://edition.cnn.com/markets/stocks/avnw">12-month median price target</a> of $51.00, suggesting a potential 89.94% upside. For those looking for value and growth in small-cap stocks, Aviat Networks could be a compelling choice.



<h2>Expensify (EXFY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/exfy-stock-1-300x169.jpg" alt="The Expensify (EXFY) app is shown on a smartphone screen."><div>Source: Piotr Swat / Shutterstock.com</div></div>Next up among today&rsquo;s small-cap stock picks is Expensify (NASDAQ:<a href="https://investorplace.com/stock-quotes/exfy-stock-quote/">EXFY</a>), which provides expense management software. The company&rsquo;s tools simplify expense tracking and reporting, positioning it well to meet growing demand amid remote work trends.



Yet, Expensify&rsquo;s <a href="https://ir.expensify.com/news-releases/news-release-details/expensify-announces-q1-2024-results">first quarter 2024 results</a> showed mixed performance. Revenue dropped 16% YOY to $33.5 million. However, net loss improved to $3.8 million from $5.9 million the previous year. Despite an 8% YOY decline in paid members to 688,000, Expensify&rsquo;s cost-cutting measures proved effective. The company generated $3.5 million in operating cash flow and $5.2 million in free cash flow, reflecting its adaptability and profitability.



Looking ahead, the upcoming launch of <a href="https://www.businesswire.com/news/home/20240508278209/en/Expensify-to-Launch-New-Travel-Offering">Expensify Travel</a>, in partnership with Spotnana, which operates a travel-as-a-service platform, will diversify its offerings. Additionally, the upcoming launch of the <a href="https://ir.expensify.com/news-releases/news-release-details/expensify-targets-global-self-employed-market-new-expense">New Expensify platform</a> aims to simplify expense tracking for self-employed professionals, potentially boosting user engagement and revenue.



Despite the recent <a href="https://investorplace.com/2024/07/expensify-stock-soars-as-jim-cramer-triggers-accidental-rally/">rally triggered by Jim Cramer&rsquo;s accidental mention</a>, EXFY stock has fallen over 38% YTD. The shares are changing hands at 8.5 times forward earnings and <a href="https://www.morningstar.com/stocks/xnas/exfy/quote">0.9 times sales</a>. Currently, Wall Street remains bullish on Expensify stock, with a <a href="https://edition.cnn.com/markets/stocks/EXFY">12-month median price target of $2.50</a>, implying a 64.47% potential upside from current price levels.



<h2>Mistras Group (MG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/small-cap-1600-300x169.png" alt="Small cap displayed on a Wall Street ticker board. Small cap stocks. Small-cap stocks."><div>Source: iQoncept / Shutterstock</div></div>Let&rsquo;s explore Mistras Group (NYSE:<a href="https://investorplace.com/stock-quotes/mg-stock-quote/">MG</a>) as we conclude today&rsquo;s list of small-cap stock picks. The firm provides inspection, testing and asset protection solutions to ensure the safety and efficiency of operations across various industries. Its offerings include non-destructive testing (NDT) and predictive maintenance, essential for sectors such as oil and gas, power generation and aerospace.



In the <a href="https://www.mistrasgroup.com/company/newsroom/2024/07/31/mistras-announces-second-quarter-2024-and-first-half-2024/">second quarter of 2024</a>, Mistras Group reported revenues of $189.8 million, reflecting a solid 7.8% growth compared to last year. The company also achieved a notable rise in EPS to 20 cents, a significant improvement from last year&rsquo;s 1 cent. Additionally, the gross profit margin expanded to 29.6%, highlighting enhanced cost management and operational efficiency.



However, it is worth noting that investing in Mistras Group comes with inherent risks. Despite recent positive trends, the company faces financial challenges, such as high debt levels. In addition, a significant portion of revenues comes from the oil and gas segment, a cyclical industry. Understandably, fluctuating oil prices can significantly impact the company&rsquo;s revenue streams.



MG stock has gained 35%, so far in 2024. Currently, the shares trade reasonably at 13.2 times forward earnings and <a href="https://www.morningstar.com/stocks/xnys/mg/quote">0.4 times sales</a> multiples. Analysts have set a <a href="https://edition.cnn.com/markets/stocks/mg">12-month median price target</a> of $14.50 for Mistras Group, indicating over 50.57% upside potential.



On the date of publication, Tezcan Gecgil did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Tezcan Gecgil, PhD, began contributing to InvestorPlace in 2018. She brings over 20 years of experience in the U.S. and U.K. and has also completed all 3 levels of the Chartered Market Technician (CMT) examination. Publicly, she has contributed to <a href="https://www.investing.com/">investing.com</a> and the U.K. website of <a href="https://www.fool.com/">The Motley Fool.</a></div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/3-small-cap-stock-picks-for-big-time-returns/">3 Small-Cap Stock Picks for Big-Time Returns</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Small-Cap Stock Picks for Big-Time Returns

Aviat Networks (AVNW – Research Report) received a Buy rating and a $50.00 price target from Northland Securities analyst Tim Savageaux today. The ...

Aviat Networks (AVNW) Initiated with a Buy at Northland Securities

Warning: AVNW is at high risk of performing badly

With increased innovation and investments, the 5G sector is shaping the next generation of connectivity, outperforming its predecessors by miles. Keeping that in mind, it could be wise for investors to add Hewlett Packard (HPE), Qorvo (QRVO), and Aviat Networks (AVNW) to their portfolios as the 5G rollout accelerates. Read on… The telecommunication industry is driving rapid innovation, with 5G technology poised to be a major breakthrough in 2024. As the next evolution of networks, 5G offers faster speeds, lower latency, and a range of new applications that promise to revolutionize numerous sectors, enhancing productivity and connectivity.
Thus, investing in companies leveraging 5G growth, such as Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>), Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>), and Aviat Networks, Inc. (<a href="https://stocknews.com/stock/AVNW/">AVNW</a>), may be a strategic move. These companies stand to benefit significantly as 5G expands, offering increased opportunities in various industries reliant on advanced networks.
5G's transformative potential has already made it the fastest-growing mobile broadband technology, <a href="https://data.gsmaintelligence.com/api-web/v2/research-file-download?id=79791087&amp;file=210224-The-State-of-5G-2024.pdf">surpassing 1.5 billion connections</a> by 2023, just four years after its launch. The rapid adoption highlights its impact across industries, setting a strong foundation for future technological advancements.
As more devices are designed to operate on 5G, the demand for networks is skyrocketing. In North America, major telecom companies now offer 5G, covering <a href="https://www.ibm.com/think/insights/5g-future">over 200 million homes and businesses</a>, with projections suggesting this number will double within the next four years.
A robust digital infrastructure is crucial for national competitiveness, and it will become even more critical moving forward. Policymakers are actively supporting these advancements to ensure their countries remain leaders in the global market, particularly as 5G continues to expand.
The Federal Communications Commission (FCC) <a href="https://www.fcc.gov/5G">plans to allocate $9 billion</a> through the Universal Service Fund to enhance 5G wireless services in rural America. The funding aims to bridge the digital divide and ensure broader access to cutting-edge technology nationwide.
Looking forward, according to a report published by Grand View Research, the global 5G services market is expected to grow at <a href="https://www.grandviewresearch.com/industry-analysis/5g-services-market">a CAGR of 59.4%</a> by 2030, reaching an impressive $2.21 trillion. This growth underscores 5G's profound economic and technological impact across the globe.
Considering these positive trends, let us dive deep into the fundamentals of three 5G stocks, starting with #3.
Stock #3: Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>)
HPE is a global technology company that offers general-purpose servers, hybrid cloud solutions, wired and wireless networks, and flexible investment solutions for technology deployment models. Its segments include Server; Hybrid Cloud; Intelligent Edge; Financial Services; and Corporate Investments and Other.
On September 16, HPE announced <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/barclays-doubles-private-cloud-estate-with-hpe-greenlake-cloud.html">a new private cloud services deal</a> with Barclays PLC (<a href="https://stocknews.com/stock/BCS/">BCS</a>), the British universal bank, to include HPE GreenLake Cloud in BCS' hybrid cloud strategy. Through this partnership, HPE aims to expand its global client base, enhancing its international presence and driving business growth.
On September 5, HPE revealed that <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/hewlett-packard-enterprise-introduces-one-click-deploy-ai-applications-in-hpe-private-cloud-ai.html">its Private Cloud AI</a> is now available to order, alongside new solution accelerators designed to streamline AI applications. As AI adoption accelerates, these innovations will strengthen HPE's position in the market, boosting its growth prospects and expanding its market influence.
During the fiscal 2024 third quarter that ended July 31, HPE's net revenue increased 10.1% year-over-year to $7.71 billion. Its non-GAAP earnings from operations grew 7.4% from the year-ago value to $771 million.
In addition, HPE's non-GAAP net earnings and non-GAAP EPS increased 3.4% and 2% from the prior year's period to $661 million and $0.50, respectively.
Analysts expect HPE's revenue for the fiscal fourth quarter ending in October 2024 to increase 12.4% year-over-year to $8.26 billion. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the ongoing quarter is expected to grow 6.8% year-over-year to $0.56. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters.
Shares of HPE have gained 7.1% over the past five days to close the last trading session at $17.23.
HPE's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
HPE has an A grade for Value and a B grade for Sentiment. Within the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry, HPE is ranked #9 of 47 stocks.
<a href="https://stocknews.com/stock/HPE/">Click here</a> to access additional HPE ratings for Momentum, Growth, Quality, and Stability.
Stock #2: Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>)
QRVO develops and commercializes technologies for wireless, wired, and power markets. The company's operations span three segments: High Performance Analog (HPA); Connectivity and Sensors Group (CSG); and Advanced Cellular Group (ACG). It also offers foundry services for defense and aerospace clients.
On January 31, QRVO <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-acquire-anokiwave">announced a definitive agreement</a> to acquire Anokiwave, a supplier of high-performance silicon integrated circuits for intelligent active array antennas used in defense, SATCOM, and 5G applications. Anokiwave's high-frequency beamforming and IF-to-RF conversion ICs would complement QRVO's existing RF front-end portfolio.
The combination of QRVO's unique capabilities with Anokiwave's technology will enable QRVO to deliver highly integrated solutions and SiPs for defense, aerospace, and network infrastructure. The acquisition would strengthen QRVO's ability to provide comprehensive solutions in these key sectors.
QRVO's revenue for the fiscal 2025 first quarter, which ended on June 29, 2024, increased 36.2% year-over-year to $886.67 million. Its non-GAAP operating income rose 110.1% year-over-year to $98.13 million.
Additionally, the company's non-GAAP net income amounted to $83.52 million, or $0.87 per share, up 148.5% and 155.9% year-over-year, respectively. QRVO <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-announces-fiscal-2025-first-quarter-financial-results">exceeded its June quarterly guidance</a> for revenue, gross margin, and EPS. The company is poised for sequential increases in revenue, gross margin, and EPS for the September quarter, signaling steady growth.
For the September 2024 quarter, QRVO projects revenue of approximately $1.025 billion, with a potential variance of $25 million. Non-GAAP gross margin is expected to be between 46% and 47%, while non-GAAP diluted earnings per share are forecasted to be between $1.75 and $1.95.
Street expects QRVO's revenue and EPS for the next fiscal year ending in March 2026 to increase 8% and 28.3% year-over-year to $4.27 billion and $7.97, respectively. Moreover, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of HPE have gained 4.7% over the past year to close the last trading session at $100.46.
QRVO's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
QRVO has a B grade for Growth, Sentiment, and Quality. It is ranked #4 out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
Beyond what we stated above, we have also given QRVO grades for Value, Momentum, and Stability. Get all the QRVO's ratings <a href="https://stocknews.com/stock/QRVO/">here</a>.
Stock #1: Aviat Networks, Inc. (<a href="https://stocknews.com/stock/AVNW/">AVNW</a>)
AVNW provides microwave and wireless access networking solutions. The company offers a range of products, including outdoor, indoor, and split-mount radios, microwave routers, switches, and trunking systems. It also delivers private LTE, virtual fiber, element management solutions, and hosted software products.
On July 2, AVNW <a href="https://investors.aviatnetworks.com/news-releases/news-release-details/aviat-networks-acquires-4rf-leading-provider-industrial-wireless">announced its acquisition</a> of 4RF Limited, a provider of industrial wireless access solutions. The acquisition includes 4RF's narrowband radios, private LTE, and 5G routers. 4RF's established presence across 300 critical infrastructure customers in 160 countries complements AVNW's existing portfolio.
The two companies' distinct customer bases, with around 90% non-overlapping, create significant cross-selling opportunities. This synergy can drive AVNW's expansion by reaching new markets and boosting revenue through broader product offerings.
On January 8, AVNW <a href="https://investors.aviatnetworks.com/news-releases/news-release-details/smartfren-telecom-and-aviat-establish-strategic-collaboration">announced a strategic collaboration</a> with PT Smartfren Telecom, Indonesia's only fully 4G-based telecommunication provider. The partnership aims to deliver high-speed wireless connectivity and digitalization services, offering both indoor and outdoor private wireless networks.
With approximately 36 million subscribers and being one of the top 10 largest operators in Southeast Asia, Smartfren offers a strong foothold in the region. By enhancing AVNW's competitive positioning through joint sales, solution engineering, and customer support, the collaboration sets the stage for deeper market penetration and customer growth.
During the fiscal 2024 third quarter that ended March 29, AVNW's revenue increased 33.7% year-over-year to $111.61 million. Its non-GAAP operating income grew 16.2% from the year-ago value to $10.80 million. Plus, the company's adjusted EBITDA rose 11.1% from the prior year's period to $12.05 million.
In addition, AVNW's non-GAAP net income increased 5.7% year-over-year to $9.38 million, while non-GAAP net income per share stood at $0.73.
The consensus revenue and EPS estimates of $484.16 million and $3.47 reflect an increase of 18.9% and 6.2% year-over-year, respectively. Moreover, the company surpassed the consensus EPS estimates in each of the four trailing quarters.
Shares of AVNW have gained 3.5% intra-day to close the last trading session at $22.09.
It's no surprise that AVNW has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Value and a B grade for Growth. Within the Technology – Communication/Networking industry, AVNW is ranked #6 of 47 stocks.
<a href="https://stocknews.com/stock/AVNW/">Click here</a> to access additional ratings of AVNW for Momentum, Sentiment, Quality, and Stability.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
HPE shares rose $0.66 (+3.83%) in premarket trading Tuesday. Year-to-date, HPE has gained 2.83%, versus a 19.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/hpe-qrvo-avnw-bcs-3-stocks-to-buy-as-the-5g-rollout-accelerates/>3 Stocks to Buy as the 5G Rollout Accelerates</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Stocks to Buy as the 5G Rollout Accelerates

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Aviat Networks: Downgrading On Accounting Issues And Uncertain Outlook - Hold

Aviat Networks (AVNW) has disclosed a new risk, in the Accounting & Financial Operations category. Aviat Networks faces significant risks concernin...

Aviat Networks: Navigating the Perilous Waters of Internal Controls and Financial Integrity

In a report released today, Jaeson Schmidt from Lake Street maintained a Buy rating on Aviat Networks (AVNW – Research Report), with a price target...

Lake Street Sticks to Its Buy Rating for Aviat Networks (AVNW)

APLE

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BIRD

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IART

INST

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NXDT

PDCO

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SIRI

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ULCC

VTLE

Press Releases

AVNW INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into Aviat Networks, Inc. and Encourages Investors to Contact the Firm!

Legal

Aviat Networks (AVNW) Delays Annual Report, Stock Tumbles - Hagens Berman

AVNW SHAREHOLDER ALERT: Aviat Networks Investigated for Securities Law Violations by Block & Leviton

Bragar Eagel & Squire, P.C. Is Investigating Aviat and Flux and Encourages Investors to Contact the Firm

Kirby McInerney LLP is Investigating Potential Shareholder Claims Against Aviat Networks, Inc. (AVNW)

Aviat Networks Announces Fiscal 2024 Fourth Quarter and Twelve Months Financial Results

Aviat Networks Sets Date for Its Fiscal 2024 Fourth Quarter Financial Results Conference Call

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