Aviat Networks tumbles on FQ1 downward revision

|About: Aviat Networks, Inc. (AVNW)|By:, SA News Editor

Aviat Networks (AVNW) -4.1% shares tumble after the company revises its FQ1 forecast downward, guiding for revenue of $95M-$100M (consensus of $109M). The firm stated it was "unable to quantify" the impact to EPS.

Aviat cites rebidding on a contract that has pushed it out of FQ1 and the timing of certain orders.