Aviat Networks Sees FY25 Revenue $450M-$490M Vs $484.16M Est.
Portfolio Pulse from Benzinga Newsdesk
Aviat Networks has provided its fiscal 2025 revenue guidance, estimating between $450M and $490M, slightly below the $484.16M estimate. The company is addressing material weaknesses in its financial reporting controls and has revised prior financial statements to correct errors.
October 04, 2024 | 8:11 pm
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Aviat Networks projects fiscal 2025 revenue between $450M and $490M, slightly below the $484.16M estimate. The company is addressing material weaknesses in financial reporting and has revised past financial statements to correct errors.
The revenue guidance for FY25 is slightly below the market estimate, which could be seen as a neutral to slightly negative signal. However, the company's proactive measures to address financial reporting weaknesses and correct past errors may mitigate negative sentiment. The impact on the stock price is likely neutral in the short term as investors may wait for further developments.
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IMPORTANCE 80
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