CRNT - Aviat Networks: Buy With Both Hands On Impressive Q2 Results And Likely Conservative Guidance
- Microwave transport solutions provider releases blow-out quarterly results and raises full-year guidance.
- While updated projections call for a decline in H2 revenues, management pointed to guidance as being conservative.
- Company appears substantially undervalued when compared to peers and particularly its closest competitor Ceragon Networks.
- Low valuation, no debt, strong free cash flow, decent profitability and a return to year-over-year growth bode well for the shares breaking out to new multi-year highs.
- Get long Aviat Networks with a short-term price target of $75.
For further details see:
Aviat Networks: Buy With Both Hands On Impressive Q2 Results And Likely Conservative Guidance