Aviat Networks appoints Gary Croke as senior vice president of product and innovation

Aviat Networks , Inc. (NASDAQ:AVNW), a $312 million market cap company that has seen its stock surge over 34% in the past six months, announced that its board of directors has promoted Gary Croke to the position of senior vice president of product and innovation, effective Monday. Croke previously served as vice president of marketing and product line management.

According to a press release statement, Croke’s new compensation includes an annual base salary of $350,000, an annual target bonus award equal to 40% of his base salary, and an annual long-term incentive award equal to 50% of his base salary. In addition, Croke will receive a one-time grant of restricted stock units valued at $400,000. These restricted stock units will vest in equal installments over three years, in accordance with the company’s standard award agreement.

The company, which is incorporated in Delaware and headquartered in Austin, Texas, disclosed the appointment and compensation changes in a filing with the U.S. Securities and Exchange Commission. Aviat Networks is listed on the NASDAQ Stock Market under the ticker AVNW.

The information in this article is based on a press release statement and a recent SEC filing.

In other recent news, Aviat Networks reported impressive financial results for the first quarter of 2025, with earnings per share (EPS) reaching $0.88, significantly surpassing the forecasted $0.29. The company’s revenue also exceeded expectations, coming in at $112.6 million compared to the anticipated $107.33 million. This strong performance is attributed to operational efficiencies and a favorable mix of regional and software sales, resulting in a gross margin of 35.8%. Following the earnings announcement, JMP Securities maintained their Market Outperform rating and $30.00 price target for Aviat Networks, citing the company’s strategic acquisitions and international expansion efforts as key growth drivers.

Additionally, Aviat Networks updated its financials post-acquisition of NEC Corporation’s wireless backhaul business, providing investors with a detailed view of the financial impact. This acquisition is expected to enhance Aviat’s market reach and capabilities in the wireless backhaul sector. Furthermore, Freedom Broker initiated coverage on Aviat Networks with a Buy rating and a price target of $34.00, highlighting the company’s position in the growing sectors of Private Wireless Networks and Microwave Backhaul for Mobile Networks.

Aviat Networks’ recent acquisitions, including 4RF and Pasolink, have already contributed positively to its financial performance, demonstrating successful integration and cross-selling opportunities. The company is also experiencing momentum in its international expansion, which is anticipated to continue driving growth. These developments reflect the market’s confidence in Aviat Networks’ ability to capitalize on growth opportunities and maintain its competitive edge in the telecom infrastructure sector.

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