Aviat Networks, Inc. Revises Earnings Guidance for the Second Quarter and Six Months of Fiscal 2020; Provides Earnings Guidance for the Full Year 2020
January 22, 2020 at 04:01 pm
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Aviat Networks, Inc. revised earnings guidance for the second quarter and six months of fiscal 2020. The company announced that its fiscal 2020 second quarter and first half results are anticipated to come in lower than previously forecasted due to a cyberattack at one of the Company's contract manufacturing vendors. This effectively shut down the vendor's production and shipments of Aviat products for a three-week period. While this issue was quickly and fully remediated by the vendor and is not expected to have any impact on Aviat on a go-forward basis, the Company's revenue, gross margins and anticipated profitability for the first half of its fiscal 2020 were affected. For the quarter, the company total revenue is expected to be $55.5 million to $56.5 million.
For the six months, the company total revenue is expected to be $114.0 million to $115.0 million.
The company remains on track for improved profitability for the full fiscal year 2020.
Aviat Networks, Inc., together with its subsidiaries, is a supplier of microwave networking and wireless access networking solutions. It designs, manufactures, and sells a range of wireless networking products, solutions, and services. It also offers routers and a range of premise and hosted private cloud-based software tools and applications to enable deployment, monitoring, network management, and operational assurance of its systems as well as to automate network design and procurement. It also sources, qualifies, supplies, integrates, tests, and supports third party equipment such as antennas, optical transmission equipment and other equipment necessary to build and deploy a complete telecommunications transmission network. It provides a full suite of professional services for planning, deployment, operations, and maintenance of its customersâ networks. It offers a suite of wireless transport and access systems for microwave and millimeter wave networking applications.
AVIAT NETWORKS, INC. 
