AVNW presenting at an investor conference next week. Hopefully they'll be doing more of this, as they have quite a story to tell. Last week AVNW reported those blockbuster fiscal Q2 results. Non-gaap earnings of $1.48/share vs. a prior year loss. Q2 revenues up 26%. Over $7.50/share in cash with no debt. AVNW would be a bargain at $60-$70 imo. With the markets so frothy, I can see momo traders taking this 5G stock up to $100+ in the coming months.
In the meantime, I'll be accumulating. Writing seems to be on the wall here. From the earnings PR-
"This was another record quarter and very successful first half of the fiscal year for Aviat," said Peter Smith, President and Chief Executive Officer of Aviat. "Our Company continued to execute on our key long-term focus areas of sales growth, margin expansion, expense reductions and meaningful bottom-line improvements. We continue to prove out Aviat's differentiation in the market with key wins for our multi-band transport solution for 5G, Private Networks and Rural Broadband, capturing share of demand and demonstrating the viability of our offering."
Mr. Smith continued, "Our unique, multi-band hardware and software solutions recently led to Aviat being selected by a U.S.-based Tier 1 5G operator as a key microwave transport vendor. In addition, during the second quarter, Aviat again increased its share of demand in Rural Broadband by being awarded a contract with Nextlink Internet to support their rapidly growing business and their focus on bringing high-speed internet to rural America, a market in which we are well-positioned and one that will benefit from meaningful government funding, including the $9 billion 5G Fund for Rural America and the $20 billion Rural Digital Opportunity Fund."
Then on top of the stellar earnings report, we get this exciting Dish news on Monday. Should provide a nice boost to the numbers going forward-
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