Aviat Networks Announces Fiscal 2021 Second Quarter and Six Months Financial Results
Total Revenue of $70.5 million; Up 26.0% Year-Over-Year
Adjusted EBITDA of $10.1 million; Up $9.7 million Year-Over-Year
Key Customer Wins in Mobile 5G with a U.S.-based Tier 1 5G operator and in Rural Broadband with Nextlink Internet
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AUSTIN, Texas, Feb. 3, 2021 /PRNewswire/ Aviat Networks, Inc. ( Aviat Networks, Aviat, or the Company ), (NASDAQ: AVNW), the leading expert in wireless transport solutions, reported today financial results for its fiscal 2021 second quarter ended January 1, 2021.
Second Quarter Highlights
Company continues to execute on key long-term strategic objectives resulting in highest reported quarterly revenues in more than five years and record Adjusted EBITDA margins.
News Wire Feed Light Reading 2/2/2021
HUDSON OAKS, Texas As part of an ongoing expansion of broadband internet and voice services in small towns and rural markets across the central USA, Nextlink Internet today announced it has acquired three internet service providers (ISPs) in Nebraska and Iowa.
The acquired companies are Future Technologies of Lincoln, Neb.; Affordable Internet Solutions (AIS) of Waverly, Neb.; and Infinity 8 Broadband (I8) of Hickman, Neb. The companies service territories cover eastern Nebraska and western Iowa. The terms of the deals were not disclosed.
For more 20 years, the Future Tech, AIS and I8 teams have collectively provided advanced broadband services to more than 40 counties spanning 15,000 square miles of rural and small-town communities. The companies networks include a mix of fiber and wireless connections. As community-conscious providers of essential services, all three companies and N
Will Top-Line Contraction Dent Nokia (NOK) Q4 Earnings? Zacks.com 2/2/2021
Nokia Corporation NOK is scheduled to report fourth-quarter 2020 results, before the opening bell, on Feb 4. In the last reported quarter, adjusted earnings missed the Zacks Consensus Estimate by a penny. In the fourth quarter, the company is likely to have recorded lower revenues year over year despite healthy demand for 5G telecommunications equipment for higher 5G deployments across the globe due to COVID-19 adversities.
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During the quarter, Nokia reached the milestone of more than 100 5G contracts with communications service providers, marking an important achievement in the highly competitive market. The Finland-based telecom equipment provider has an aggregate of 160 5G engagements with operators, from deals to paid trials. It currently has 34 live 5G networks, both public and private. The company has launched 4G and 5G network slicing solutions to enable operators
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