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Gary Croke, SVP of Product and Innovation at Aviat Networks Inc (NASDAQ:AVNW), a $277 million market cap company, sold 6,742 shares of common stock on September 2, 2025, for a total of $151,090. The shares were sold at a weighted average price of $22.4103, in multiple transactions at prices ranging from $22.24 to $22.71. According to InvestingPro analysis, the stock appears undervalued at current levels.
On the same day, Croke also exercised options to acquire 6,742 shares of Aviat Networks common stock at an exercise price of $8.90, for a total value of $60,003.
Following the sale, Croke directly owns 45,159 shares of Aviat Networks.
The option exercise and sales were executed pursuant to a Rule 10b5-1 trading plan. The stock option was granted on September 7, 2018, and vested over three years from the grant date. Despite recent volatility, AVNW has delivered a strong return over the past five years, as highlighted in InvestingPro’s financial health analysis.
In other recent news, Aviat Networks has updated its financial statements following the acquisition of NEC Corporation’s wireless backhaul business. The company filed an 8-K form with the Securities and Exchange Commission, providing unaudited pro forma financial information for the twelve months ending June 28, 2024. This update offers investors a view of the company’s financial performance post-acquisition, although it is noted that these figures are illustrative and not predictive of future results. Additionally, Freedom Broker has initiated coverage on Aviat Networks with a Buy rating, setting a price target of $34.00. This reflects the firm’s positive outlook on Aviat Networks’ position in the telecom infrastructure sector, particularly in private wireless networks and microwave backhaul for mobile networks. In other developments, Gary Croke has been promoted to senior vice president of product and innovation at Aviat Networks. His new role comes with a compensation package that includes a base salary of $350,000, a target bonus, and a long-term incentive award. Croke will also receive a one-time grant of restricted stock units valued at $400,000, which will vest over three years.
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