Press release
Investigation announced for Investors who lost money with shares of Aviat Networks, Inc. (NASDAQ: AVNW)
An investigation for investors in Aviat Networks, Inc. (NASDAQ: AVNW) shares over potential securities laws violations.
Investors who purchased shares of Aviat Networks, Inc. (NASDAQ: AVNW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Aviat Networks, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Austin, TX based Aviat Networks, Inc. provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. Aviat Networks, Inc. reported that its Total Revenue rose from $302.95 million for the 12 months period that ended on June 30, 2022 to $346.59 million for the 12 months period that ended June 30, 2023, and that its Net Income over those respective time period declined from $21.16 million to $11.52 million.
On September 11, 2024, Aviat Networks, Inc. announced its inability to file the Annual Report on Form 10-K for the fiscal year ending June 28, 2024, within the prescribed deadline. The management of Aviat has reported the discovery of certain material weaknesses during its preliminary assessment of internal controls over financial reporting for the aforementioned fiscal year.
Shares of Aviat Networks, Inc. (NASDAQ: AVNW) declined from $38.85 per share on April 01, 2024, to as low as $18.00 per share on September 12, 2024.
Those who purchased shares of Aviat Networks, Inc. (NASDAQ: AVNW) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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