AUSTIN – Airline networks Inch. (NASDAQ: NASDAQ: ), a $244 million market cap leader in wireless transport and access solutions, recently announced enhancements to its cybersecurity measures with the introduction of enhanced Secure Software (ETR:) Process Development Lifecycle (SSDLC) and Software Vulnerability Alert (SVA) service. The announcement comes as the company’s shares have shown strong momentum over the past month, despite falling 35% over the previous six months, according to InvestingPro data. These initiatives are designed to meet the latest security requirements and provide additional protection for critical network operators.
The company’s SSDLC process includes security at every stage of software development, from initial definition to ongoing maintenance. This approach has been validated by third-party organizations and is aligned with standards set by the Open Worldwide Application Security Project (OWASP), with the goal of proactively identifying and mitigating potential vulnerabilities. With a healthy current ratio of 1.72, InvestingPro The data shows that the company maintains strong liquidity to support these initiatives.
In addition, Aviat’s SVA service provides customers with proactive notifications of “common vulnerability/exposure” (CVE) identified by MITER Corporation, funded by the US Department of Homeland Security. Aviat will conduct nightly scans of its ProVision and ProVision Plus Management software source code and notify Subscribers within 24 hours of any major or critical CVEs discovered, along with recommended mitigation strategies or software patches.
Pete Smith, CEO of Aviat Networks, emphasized the company’s commitment to network security, saying, “At Aviat, we take the security of our customers’ networks extremely seriously.” He expressed confidence that these new cybersecurity measures will ensure product integrity and provide customers with added peace of mind.
The implementation of SSDLC and SVA is expected to offer operators the confidence that their Aviat control systems are continuously proactively protected against known cyber security threats.
Aviat Networks has a long-standing reputation in the industry, with more than one million systems sold in 170 countries. The company offers a comprehensive suite of professional and support services, enabling customers to streamline their networks and operations. With earnings due on January 29, analysts maintain a strong buy consensus, with price targets ranging from $27 to $55. Discover more detailed insights and analysis in the comprehensive Pro Research Report, available exclusively at InvestingProcovering what really matters about this and over 1,400 other top stocks.
This news is based on a press release from Aviat Networks, Inc.
In other recent news, Aviat Networks reported a modest increase in revenue in the first quarter of fiscal 2025, with earnings rising to $88.4 million, up 1.7% year-over-year. This growth was largely driven by international gains, including significant contributions from the recent acquisition of Pasolinco. However, the company also reported a decline in non-GAAP gross margin to 23%, and an adjusted EBITDA loss of $7.7 million.
The company’s CEO, Pete Smith, acknowledged these challenges, but expressed optimism about Aviat’s growth potential, particularly in the private 5G sector and the upcoming transition to ProVision Plus software. Aviat Networks also received its first order for an Aprisa 5G router from a US utility company.
The company adjusted its guidance for fiscal 2025, projecting full-year revenue between $430 million and $470 million, with adjusted EBITDA in the range of $30 million to $40 million. Despite a $0.87 non-adjusted EPS loss due to weak US Tier 1 capital expenditures and project delays, the company expects gross margin improvements in the second quarter due to better project mix and software revenue normalization.
These are recent developments for Aviat Networks, providing investors with an overview of the company’s financial health and future prospects.
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