Aviat Networks

AVNW

Aviat Networks (NASDAQ:AVNW) is a global provider of microwave networking solutions, providing public and private operators with communications networks to accommodate the exploding growth of IP-centric, multi-gigabit data services.Headquartered in Austin, Texas, Aviat Networks also has operations in Africa, Asia and the Pacific Rim, Europe, Mexico, the Middle East, Russia and South America. Aviat relocated to Austin, Texas from Milpitas, California, in November 2019.The company was founded on January 29, 2007 with the merger of Harris Corporation’s Microwave Communications Division and Stratex Networks and incorporated under the name Harris Stratex Networks. The company renamed and rebranded itself to become Aviat Networks on January 28, 2010. Stratex Networks was the new name for Digital Microwave Corporation (DMC) which was founded in 1984 in San Jose, California.With approximately 700 employees worldwide, the company's President and CEO is Peter Smith, who was appointed on January 2, 2020.

Aviat Networks has been a target of short sellers for a while. The current short interest of 7.86% is slightly above the average of the last 12 months (5.73%).