Aviat Networks tumbles on FQ1 downward revision


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.

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