The CEO's open-market sale following a large GAAP earnings miss is a modest negative signal, but the dollar amount is small relative to market cap. Monitor for additional insider selling in the next 30 days; if the CEO continues to sell, it would amplify the bearish read. The FY2027 guidance of $455-470M revenue and $50-55M Adjusted EBITDA suggests management sees operational improvement, which may limit downside.
Price Chart
Executive Summary
The CEO and VP of Legal Affairs of Aviat Networks sold a combined $307K in open-market shares just days after the company reported a GAAP EPS miss of -$0.10 vs. $0.40 consensus, despite a slight revenue beat. While the grants/awards are non-cash and routine, the open-market sales by the CEO ($281K) and VP ($27K) following a significant earnings miss raise a caution flag, though the dollar amount is modest relative to the $255M market cap (0.12%).
Key Financial Metrics
Key Facts
- CEO Pete A. Smith sold 14,264 shares for $281K on Aug 31, 2026
- VP Legal Affairs Erin Boase sold 1,347 shares for $27K on Aug 31, 2026
- Both insiders also received non-cash stock grants on Aug 28 (CEO: 23,357 shares, VP: 3,826 shares)
- Total open-market sales: $307K, representing ~0.12% of AVNW's $255M market cap
- Sales occurred 4 days after Q4 FY2026 earnings: revenue $120.9M (+4.8% YoY) but GAAP EPS -$0.10 vs. consensus $0.40
Financial Impact
CEO and VP sold $307K in open-market shares post-earnings; non-cash grants of 27,183 shares also issued
Risk Factors
- CEO sold shares immediately after a significant GAAP earnings miss
- Insider selling may signal lack of confidence in near-term stock performance
- Non-cash grants dilute existing shareholders, though routine
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AVNW-1788311658239 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | SC 13G/A | $20.40 $19.38 | ▲ +5.00% | ▲ +3.85% | $19.17 (+6.03%) |
Oct 8, 2026 18d ago | 3 | $20.77 $18.94 | ▼ −8.81% | ▼ −6.84% | $19.17 (−7.70%) |
Oct 6, 2026 20d ago | 8-K | $20.84 $19.44 | ▼ −6.72% | ▼ −5.74% | $19.17 (−8.01%) |
Oct 5, 2026 21d ago | 8-K | $21.10 $20.40 | ▼ −3.32% | ▼ −3.18% | $19.17 (−9.15%) |
Sep 1, 2026 7w ago | Insider Cluster | $19.25 $19.82 | ▲ +2.96% | ▲ +3.92% | $19.17 (−0.42%) |
Sep 1, 2026 7w ago | Insider Cluster | $19.25 $19.82 | ▼ −2.96% | ▼ −3.92% | $19.17 (+0.42%) |
Aug 27, 2026 8w ago | 8-K | $21.44 $19.32 | ▼ −9.89% | ▼ −10.16% | $19.17 (−10.59%) |
Aug 14, 2026 10w ago | Institutional Cluster | $22.04 $20.66 | ▼ −6.26% | ▼ −5.07% | $19.17 (−13.02%) |
May 4, 2026 25w ago | 8-K | $15.09 $15.86 | ▼ −5.10% | ▼ −3.12% | $19.17 (−27.04%) |
US Market Status
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