As of the last check, Aviat Networks, Inc. (NASDAQ: AVNW) shares have surged 26.16% on the charts to $25.92 after its quarterly financial results were revealed. With its 18th straight quarter of sales increase, ANVW is still performing admirably.
Highlights of the Quarterly Financials
Aviat Networks recorded a strong $118.2 million in sales, which is a 26.2% YoY growth. Strong sales, higher margins, and efficient cost control helped the firm report a record quarterly adjusted EBITDA of $14.8 million.
The transaction is projected to generate an annual run-rate of $140 million, with Aviat securing orders for its Pasolink product that exceeded $35 million. During the quarter, the business also repurchased 34,600 shares and effectively lowered its net debt by $10 million, bringing it down to $22.3 million.
Expanding Cybersecurity Measures
In line with its commitment to maintaining high security standards, Aviat Networks has enhanced its Secure Software Development Lifecycle (SSDLC) and introduced a new Software Vulnerability Alert (SVA) service. The growing cybersecurity risks to vital communications networks are the focus of these efforts.
From design to maintenance, every phase of the software development lifecycle incorporates security through the organized SSDLC process from AVNW. Vulnerabilities will be proactively found and fixed thanks to third-party validation and best practices from groups like OWASP (Open Worldwide Application Security Project).
Proactive Security with Software Vulnerability Alerts
The newly launched Software Vulnerability Alert (SVA) service is designed to provide customers with timely notifications of any potential security risks. By performing nightly scans of the ProVision and ProVision Plus Management software, Aviat will identify and inform subscribers of major or critical vulnerabilities within 24 hours.
These alerts will include recommended mitigations or software patches, offering customers added protection and confidence in the security of their systems. AVNW’s ’ strategic focus on both financial growth and cybersecurity underscores its commitment to delivering resilient and secure software solutions to its clients.