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
Portfolio Pulse from Benzinga Newsdesk
Aviat Networks expects its recent buyout to be immediately accretive to its gross margin and to positively impact adjusted EBITDA and non-GAAP EPS within the first year.
July 03, 2024 | 6:57 am
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POSITIVE IMPACT
Aviat Networks expects its recent acquisition to immediately improve its gross margin and positively impact adjusted EBITDA and non-GAAP EPS within the first year.
The news indicates that Aviat Networks' recent acquisition will have an immediate positive impact on its financial metrics, including gross margin, adjusted EBITDA, and non-GAAP EPS. This is likely to be viewed favorably by investors, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100