$Aviat Networks (AVNW.US)$In the past 5 years, in addition t...
$Aviat Networks(AVNW.US$In the past 5 years, in addition to a slight decline of 2.1% in 2020, revenue increased for 4 years. Operating profit grew rapidly for 4 years except in 2019, and reached 18.4% to reach 29 million yuan in 2022. Net profit in 2021 once reached 110 million due to income tax rebates, and fell back to the normal range of 121 million in 2022.
Revenue increased 13.9% in the first two quarters of 2023, operating profit fell 1.6% due to a sharp increase in operating expenses, and net profit fell 69% to 3.3 million.
Currently, the price-earnings ratio is 19, and the price-earnings ratio has risen to 29, making the valuation unattractive.
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