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. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software. It also provides project services, which includes design and engineering, site and path surveys, assembly and integrations, project management, and install and commission; and managed services, such as network and interface monitoring, network health, onsite maintenance, and remote upgrades. In addition, the company offers support services, including extended warranty, warranty plus, provision support, and license key management, as well as instructor and virtual instructor led training, e-learning and certification services. It serves communications service providers and private network operators, including federal, state and local government agencies, transportation agencies, energy and utility companies, public safety agencies, and broadcast network operators. The company markets its products through a direct sales, service, and support organization; indirect sales channels comprising dealers, resellers, and sales representatives; and through online. Aviat Networks, Inc. company was incorporated in 2006 and is headquartered in Austin, Texas.

Aviat Networks, Inc.

AST SpaceMobile, Inc. ASTS has selected Luxembourg as the new headquarters of its joint venture firm SatCo, which is formed in association with Vodafone Group Public Limited Company VOD. Luxembourg is situated in the heart of Western Europe, bordering Belgium, France and Germany. This makes it a key hub for trade and finance, facilitating extensive cross-border economic activity and easy access to major European markets. In addition, Luxembourg’s strong digital credentials make it an ideal spot for AST SpaceMobile and Vodafone to launch SatCo’s wholesale direct-to-device mobile broadband satellite services to leading European mobile network operators under a single turnkey arrangement.
The direct-to-device mobile broadband satellite services will complement the terrestrial networks and provide a secure and resilient digital communications infrastructure to help eliminate dead zones and empower remote areas of the region with space-based connectivity. Although the commercial services of SatCo are expected to commence from 2026, it has generated expressions of interest from network operators in 21 EU member states, as well as in other European markets. AST SpaceMobile and Vodafone aim to forge private and public sector partnerships to position Europe at the forefront of direct-to-mobile space-based broadband connectivity with everyday smartphones.
The Luxembourg headquarters will deploy a small network of earth stations to seamlessly integrate with terrestrial network operators, providing secure backhaul links and an extended coverage across Europe from the AST SpaceMobile satellite constellation in low Earth orbit. This will enable users to switch automatically between space and land-based networks. The joint venture supports European digital sovereignty by creating a unified platform to deliver a cohesive space strategy across the continent, duly supported by the Luxembourg Government, key European policymakers, EU Member States and industry stakeholders.
ASTS Redefines Connectivity With BlueWalker Satellites
ASTS boasts a diverse portfolio of more than 3,650 patent and patent-pending claims worldwide for the direct-to-cell satellite ecosystem from space to Earth. Its SpaceMobile service is compatible with all major brands available in the market and connects directly to everyday mobile phones. It is based on a novel technology that delivers broadband connectivity from space to unmodified mobile devices, providing a service to fill cellular coverage gaps in a differentiated approach compared to other space-based communication services.
AST SpaceMobile's in-orbit BlueWalker 3 satellite has helped it to achieve its mission of creating a space-based cellular broadband network that directly links with mobile devices, eliminating the need for ground-based infrastructure. By expanding its connectivity to remote areas, the company aims to ensure that more people have access to vital communication services.
ASTS Gets Support From Leading U.S. Carriers
AST SpaceMobile has partnered with leading carriers such as AT&T Inc. T and Verizon Communications Inc. to tap into a pre-existing pool of cell customers and avail funds to help build a worldwide satellite network. With AT&T, ASTS has entered into a definitive commercial agreement, extending until 2030, to offer a space-based direct-to-mobile technology that complements and integrates with the former’s mobile network. This approach aims to provide customers with connectivity in locations previously deemed unreachable, enhancing AT&T’s industry leadership in utilizing emerging satellite technologies.
ASTS also collaborated with Verizon, wherein the latter made a $100 million commitment for satellite direct-to-cellular service for its customers. The two back-to-back deals sent ASTS’ stock price soaring. It further enhanced cellular coverage in the United States, essentially eliminating dead zones and empowering remote areas of the country with space-based connectivity.
ASTS Income Statement Bleeds Red
However, unfavorable macroeconomic conditions, including rising inflation, higher interest rates, capital market volatility, tariff imposition and geopolitical conflicts, are negatively impacting the company’s operations. These factors have led to continued fluctuations in satellite material prices, resulting in increased capital costs and pressure on the company’s financial performance.
Owing to high infrastructure set-up costs and research and development expenses for a highly sophisticated technology for developing satellites, AST SpaceMobile has reported losses for the past few years. Management also envisions significant expenditures in the upcoming months for building and launching the next crop of satellites in tune with its expansion plans to serve the full spectrum of U.S. subscribers. This has made ASTS a high-risk investment option.
Image Source: Zacks Investment Research
Estimate Revision Trend of ASTS
The Zacks Consensus Estimate for AST SpaceMobile for 2025 and 2026 has widened 284.6% and 176.9%, respectively, to a loss of $1.00 and a loss of 90 cents per share over the past year. The negative estimate revision depicts pessimism about the stock’s growth potential as investors remain skeptical about the success of its business model.
Image Source: Zacks Investment Research
Price Performance of ASTS
ASTS has gained a stellar 336% over the past year compared with the industry’s growth of 37.3%. It has also outperformed its peers like Aviat Networks, Inc. AVNW and Comtech Telecommunications Corp. CMTL over this period. While Aviat has declined 13.1%, Comtech has plunged 19.1%.
Image Source: Zacks Investment Research
End Note
The collaboration with leading carriers is seen as a pathway to unlocking the potential of space-based cellular broadband, promising seamless, reliable service across the continental United States. The establishment of Luxembourg as SatCo’s headquarters is expected to transform Europe’s network connectivity and help bridge the digital divide, expanding its global presence and enhancing AST SpaceMobile’s capabilities in providing ubiquitous connectivity.
However, with a Zacks Rank #3 (Hold), AST SpaceMobile appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. The downtrend in estimate revisions further portrays skepticism about the company’s business model. It has also incurred losses over the past couple of years and is not likely to overcome this trend in the near future, given the high infrastructure investments lined up. Consequently, it might not be a prudent investment decision to bet on the stock at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

ASTS Chooses Luxembourg as SatCo Headquarters: More Focus on Europe?

(RTTNews) - Aviat Networks Inc. (AVNW) released earnings for third quarter that decreased from last year
The company's bottom line totaled $3.53 million, or $0.27 per share. This compares with $3.87 million, or $0.30 per share, last year.
Excluding items, Aviat Networks Inc. reported adjusted earnings of $11.29 million or $0.88 per share for the period.
The company's revenue for the period rose 1.6% to $112.64 million from $110.82 million last year.
Aviat Networks Inc. earnings at a glance (GAAP) :
-Earnings: $3.53 Mln. vs. $3.87 Mln. last year. -EPS: $0.27 vs. $0.30 last year. -Revenue: $112.64 Mln vs. $110.82 Mln last year.
-Guidance: Full year revenue guidance: $430 - $470 Mln
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Aviat Networks Inc. Q3 Profit Falls

Motorola (MSI) came out with quarterly earnings of $3.18 per share, beating the Zacks Consensus Estimate of $3.01 per share. This compares to earnings of $2.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.65%. A quarter ago, it was expected that this communications equipment maker would post earnings of $3.86 per share when it actually produced earnings of $4.04, delivering a surprise of 4.66%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Motorola, which belongs to the Zacks Wireless Equipment industry, posted revenues of $2.53 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.53%. This compares to year-ago revenues of $2.39 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Motorola shares have lost about 4.7% since the beginning of the year versus the S&P 500's decline of -5.3%.
What's Next for Motorola?
While Motorola has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Motorola: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.49 on $2.77 billion in revenues for the coming quarter and $14.68 on $11.4 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Equipment is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Aviat Networks, Inc. (AVNW), is yet to report results for the quarter ended March 2025. The results are expected to be released on May 6.
This company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of -68.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Aviat Networks, Inc.'s revenues are expected to be $104.63 million, down 6.3% from the year-ago quarter.
Should You Invest in Motorola Solutions, Inc. (MSI)?
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Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Motorola (MSI) Tops Q1 Earnings and Revenue Estimates

AST SpaceMobile, Inc. ASTS reported modest fourth-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.
Net loss was $35.9 million or a loss of 18 cents per share compared with a net loss of $31.9 million or a loss of 35 cents per share in the year-ago quarter. ASTS reported a non-GAAP net loss of 12 cents per share, narrower than the Zacks Consensus Estimate of loss of 14 cents. Quarterly revenues were $1.92 million, which missed the consensus estimate of $3 million.
SpaceMobile: ASTS’ Key Growth Driver
ASTS is transforming connectivity with direct-to-cell technology, leveraging the first and only space-based cellular broadband network. It boasts a diverse portfolio of more than 3,450 patent and patent-pending claims worldwide for the direct-to-cell satellite ecosystem from space to Earth.
The SpaceMobile service is compatible with all major brands available in the market and connects directly to everyday mobile phones. It is based on a novel technology that delivers broadband connectivity from space to unmodified mobile devices, providing a service to fill cellular coverage gaps in a differentiated approach compared to other space-based communication services.
ASTS Rides on Bluebird Satellites
AST SpaceMobile has deployed its first five commercial satellites, dubbed Bluebird, in low Earth orbits, marking a key advancement in developing a space-based mobile network infrastructure. These satellites have the largest-ever commercial communications arrays spanning 693 square feet. They offer non-continuous service across the United States using more than 5,600 cells within the premium low-band spectrum.
This achievement follows the success of AST SpaceMobile's in-orbit BlueWalker 3 satellite. It marks significant progress in the company's mission to create a space-based cellular broadband network that directly links with mobile devices, eliminating the need for ground-based infrastructure. By expanding its connectivity to remote areas, the company aims to ensure that more people have access to vital communication services.
Carrier Agreements Lend Support to ASTS Growth Curve
AST SpaceMobile has partnered with leading carriers such as AT&T Inc. T and Verizon Communications Inc. VZ to tap into a pre-existing pool of cell customers and avail funds to help build a worldwide satellite network. With AT&T, ASTS has entered into a definitive commercial agreement, extending until 2030, to offer a space-based direct-to-mobile technology to complement and integrate with the former’s mobile network. This approach aims to provide customers with connectivity in locations previously deemed unreachable, enhancing AT&T’s industry leadership in utilizing emerging satellite technologies.
ASTS has also collaborated with Verizon, wherein the latter made a $100 million commitment for satellite direct-to-cellular service for its customers. The two back-to-back deals sent ASTS’ stock price soaring. It further enhanced cellular coverage in the United States, essentially eliminating dead zones and empowering remote areas of the country with space-based connectivity. The carrier agreements have lent stability to the company’s steady revenue stream, which witnessed an uptrend over the past few quarters.
Image Source: Zacks Investment Research
Price Performance of ASTS
ASTS has gained a stellar 990.8% over the past year compared with the industry’s growth of 47.6%. It has also outperformed its peers like Aviat Networks, Inc. AVNW and Comtech Telecommunications Corp. CMTL over this period.
One-Year ASTS Stock Price Performance
Image Source: Zacks Investment Research
ASTS Margin Woes Continue
Owing to high infrastructure set-up costs and research and development expenses for a highly sophisticated technology for developing satellites, AST SpaceMobile has reported losses for the past few years. Management also envisions significant expenditures in the upcoming months for building and launching the next crop of satellites in tune with its expansion plans to serve the full spectrum of U.S. subscribers. This has made ASTS a high-risk investment option.
Estimate Revision Trend of ASTS
The Zacks Consensus Estimate for AST SpaceMobile for 2025 has decreased to a loss of 66 cents per share from a loss of 45 cents in the past 30 days, while that of 2026 has narrowed 8% to a loss of 23 cents. The negative estimate revision depicts bearish sentiments about the stock’s growth potential.
Image Source: Zacks Investment Research
End Note
The collaboration with leading carriers is seen as a pathway to unlocking the potential of space-based cellular broadband, promising seamless, reliable service across the continental United States. The deployment of the Bluebird satellites will likely transform network connectivity and help bridge the digital divide, significantly expanding its global presence and enhancing AST SpaceMobile’s capabilities to provide ubiquitous connectivity.
However, the downtrend in estimate revisions portrays bearish sentiments about the company. With a Zacks Rank #5 (Strong Sell), ASTS appears to be a risky investment option at the moment. Consequently, investors should be better off if they avoid investing in this stock.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Should You Bet on ASTS Stock Post Better-Than-Expected Q4 Earnings?

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Tapestry Inc (Symbol: TPR), where a total of 21,335 contracts have traded so far, representing approximately 2.1 million underlying shares. That amounts to about 46.5% of TPR's average daily trading volume over the past month of 4.6 million shares. Particularly high volume was seen for the $71 strike put option expiring February 07, 2025, with 5,168 contracts trading so far today, representing approximately 516,800 underlying shares of TPR. Below is a chart showing TPR's trailing twelve month trading history, with the $71 strike highlighted in orange:
Aviat Networks, Inc. (Symbol: AVNW) options are showing a volume of 736 contracts thus far today. That number of contracts represents approximately 73,600 underlying shares, working out to a sizeable 46% of AVNW's average daily trading volume over the past month, of 159,875 shares. Particularly high volume was seen for the $25 strike call option expiring July 18, 2025, with 319 contracts trading so far today, representing approximately 31,900 underlying shares of AVNW. Below is a chart showing AVNW's trailing twelve month trading history, with the $25 strike highlighted in orange:
And Regal Rexnord Corp (Symbol: RRX) options are showing a volume of 2,326 contracts thus far today. That number of contracts represents approximately 232,600 underlying shares, working out to a sizeable 45.9% of RRX's average daily trading volume over the past month, of 506,845 shares. Especially high volume was seen for the $165 strike call option expiring February 21, 2025, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of RRX. Below is a chart showing RRX's trailing twelve month trading history, with the $165 strike highlighted in orange:
For the various different available expirations for TPR options, AVNW options, or RRX options, visit StockOptionsChannel.com.
Also see:
High Beta Stocks
Funds Holding NTBL
HTBX market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Noteworthy Wednesday Option Activity: TPR, AVNW, RRX

AST SpaceMobile, Inc. ASTS reported modest third-quarter 2024 results, with adjusted earnings beating the Zacks Consensus Estimate but revenues missing the same.
Net loss in the reported quarter was $171.9 million or $1.10 per share compared with a loss of $20.9 million or 23 cents per share in the year-ago quarter. Non-GAAP net income was 10 cents per share, which beat the Zacks Consensus Estimate by 28 cents. Quarterly revenues were $1.1 million, which missed the consensus estimate of $2 million.
Key Growth Drivers of ASTS
ASTS is transforming connectivity with direct-to-cell technology leveraging the first and only space-based cellular broadband network. It boasts a diverse portfolio of more than 3,400 patent and patent-pending claims worldwide for the direct-to-cell satellite ecosystem from space to Earth.
The SpaceMobile service is compatible with all major brands available in the market and connects directly to everyday mobile phones. It is based on a novel technology that delivers broadband connectivity from space to unmodified mobile devices, providing a service to fill cellular coverage gaps in a differentiated approach compared to other space-based communication services.
ASTS Collaborates With Leading Carriers
AST SpaceMobile has partnered with leading carriers such as AT&T Inc. T and Verizon Communications Inc. VZ to tap into a pre-existing pool of cell customers and avail funds to help build a worldwide satellite network. With AT&T, ASTS has entered into a definitive commercial agreement, extending until 2030, to offer a space-based direct-to-mobile technology to complement and integrate with the former’s mobile network. This approach aims to provide customers with connectivity in locations previously deemed unreachable, enhancing AT&T’s industry leadership in utilizing emerging satellite technologies.
ASTS also collaborated with Verizon, wherein the latter made a $100 million commitment for satellite direct-to-cellular service for its customers. The two back-to-back deals sent ASTS’ stock price soaring. It further enhanced cellular coverage in the United States, essentially eliminating dead zones and empowering remote areas of the country with space-based connectivity.
Bluebird Satellites Propel ASTS Stock
AST SpaceMobile has successfully sent its first five commercial satellites dubbed Bluebird in low Earth orbits, marking a key advancement in developing a space-based mobile network infrastructure. These satellites have the largest-ever commercial communications arrays spanning 693 square feet. They offer non-continuous service across the United States using more than 5,600 cells within the premium low-band spectrum.
This achievement follows the success of AST SpaceMobile's in-orbit BlueWalker 3 satellite. It marks significant progress in the company's mission to create a space-based cellular broadband network that directly links with mobile devices, eliminating the need for ground-based infrastructure. By expanding its connectivity to remote areas, the company aims to ensure that more people have access to vital communication services.
Price Performance of ASTS
ASTS has gained 439.8% over the past year compared with the industry’s growth of 39.7%. It has also outperformed its peers like Aviat Networks, Inc. AVNW and Comtech Telecommunications Corp. CMTL over this period.
One-Year Price Performance
Image Source: Zacks Investment Research
Estimate Revision Trend of ASTS
The Zacks Consensus Estimate for AST SpaceMobile for 2024 and 2025 has narrowed 5.8% and 2%, respectively, to a loss of 97 cents per share and a loss of 50 cents over the past 30 days. The positive estimate revision depicts optimism about the stock’s growth potential.
Image Source: Zacks Investment Research
ASTS Trading at a Premium
However, the company is currently valued at a premium compared to its industry on a forward 12-month P/S basis. From a valuation standpoint, AST SpaceMobile appears relatively expensive compared to the industry and above its mean. Going by the price/sales ratio, the company shares currently trade at 77.72 forward sales, higher than 5.47 for the industry and the stock’s mean of 24.63.
Image Source: Zacks Investment Research
End Note
The collaboration with leading carriers is seen as a pathway to unlocking the potential of space-based cellular broadband, promising seamless, reliable service across the continental United States. The launch of the Bluebird satellites will likely transform network connectivity and help bridge the digital divide, significantly expanding its global presence and enhancing AST SpaceMobile’s capabilities in providing ubiquitous connectivity. The uptrend in estimate revisions further portrays bullish sentiments about the company’s business model.
However, AST SpaceMobile is trading at a premium valuation.
Nevertheless, with a Zacks Rank #2 (Buy), ASTS appears primed for further stock price appreciation. Consequently, investors are likely to profit if they bet on this high-flying stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Should ASTS Be in Your Portfolio Post Lackluster Q3 Earnings?

(RTTNews) - Along with the fourth-quarter earnings, Aviat Networks Inc. (AVNW), Friday also announced financial guidance for the fiscal year 2025.
The company expects revenue of $450 million to $490 million for the full year.
Analysts, on average, polled by Thomson Reuters expect revenue of $484.16 million for the same period.
Further, the Texas-based company estimates adjusted EBITDA of $46.0 million to $52.0 million for the fiscal year 2025.
Q4
The company's earnings totaled $1.5 million, or $0.12 per share. This compares with $3.8 million, or $0.32 per share, in last year's fourth quarter.
Excluding items, Aviat Networks Inc. reported adjusted earnings of $9.2 million or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 28.1% to $116.7 million from $91.1 million last year.
Aviat Networks Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $1.5 Mln. vs. $3.8 Mln. last year. -EPS (Q4): $0.12 vs. $0.32 last year. -Revenue (Q4): $116.7 Mln vs. $91.1 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Aviat Networks Announces FY 2025 Outlook - Update

(RTTNews) - Aviat Networks Inc. (AVNW) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings totaled $1.5 million, or $0.12 per share. This compares with $3.8 million, or $0.32 per share, in last year's fourth quarter.
Excluding items, Aviat Networks Inc. reported adjusted earnings of $9.2 million or $0.72 per share for the period.
Analysts on average had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 28.1% to $116.7 million from $91.1 million last year.
Aviat Networks Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $1.5 Mln. vs. $3.8 Mln. last year. -EPS (Q4): $0.12 vs. $0.32 last year. -Revenue (Q4): $116.7 Mln vs. $91.1 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Aviat Networks Inc. Q4 Profit Decreases, But Beats Estimates

For Immediate Release
Chicago, IL – September 24, 2024 – Zacks Equity Research shares Axis Capital Holdings' AXS as the Bull of the Day and Aviat Networks AVNW as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Royal Caribbean Cruises Ltd.'s RCL, Norwegian Cruise Line Holdings Ltd. NCLH and Carnival Corp. & plc CCL.
Here is a synopsis of all five stocks:
Axis Capital Holdings' stock stands out among the Zacks Insurance-Property and Casualty Industry which is currently in the top 8% of over 250 Zacks industries.
Providing a broad range of specialty insurance and reinsurance services, Axis Capital has a global reach through its operating subsidiaries that extend to markets in the US, Bermuda, Europe, Singapore, Canada, Latin America, and the Middle East.
Added to the Zacks Rank #1 (Strong Buy) list this week, AXS lands the Bull of the Day and checks an overall "A" VGM Zacks Style Scores grade for the combination of Value, Growth, and Momentum.
AXS Performance Overview
Demand for insurance-related services has remained resilient despite broader inflationary concerns. Because of the essentiality of insurance, conglomerates such as Axis Capital have continued to expand and can also reward shareholders with generous dividends.
To that point, when including dividends, AXS has a total return of +90% over the last three years which has impressively topped the broader indexes and its industry's return of +50%.
Year to date, AXS has soared over +40% to top the Zacks Insurance-Property and Casualty Market's +28%. This has also topped the +20% gains of the S&P 500 and Nasdaq this year.
Attractive Growth Trajectory
Having a steady revenue stream, Axis Capital's total sales are now expected to be up 7% in fiscal 2024 and are projected to rise another 10% in FY25 to $6.73 billion. Furthermore, FY25 sales projections would represent 30% growth since the pandemic with 2019 sales at $5.17 billion.
On the bottom line, Axis Capital is expecting 8% EPS growth in FY24 and FY25. More astonishing, is that FY25 EPS projections of $11.64 would be a 362% increase from pre-pandemic earnings of $2.52 per share in 2019.
Enticing Valuation & Dividend
Despite a very impressive YTD rally, AXS still trades at just 7.2X forward earnings which is well below the benchmark S&P 500's 24.1X.
Even better, Axis Capital's stock is trading at a nice discount to its industry average of 13.6X forward earnings with some noteworthy peers being The Progressive Corporation PGR and ProAssurance Corporation PRA.
Adding more value to AXS is that Axis Capital's 2.24% annual dividend yield impressively tops the benchmarks' 1.24% average and its industry average of 0.16%.
Axis Capital's 16% payout ratio and increased probability also indicates there is plenty of room for the insurance giant to raise its dividend in the future.
Bottom Line
Earnings estimate revisions have remained higher for Axis Capital's FY24 and FY25, making now an ideal time to buy AXS considering the company's expansive growth trajectory. This also magnifies Axis Capital's appealing P/E valuation and alludes to the notion that the strong price performance of AXS should continue.
Among the tech sector, one stock that could surprise investors in terms of more downside risk is Aviat Networks. While Aviat's growth and valuation may be attractive on the surface, the global supplier of wireless network solutions has been entrenched in scrutiny.
Considering such, it may be best to avoid Aviat's stock at the moment which lands a Zacks Rank #5 (Strong Sell) and the Bear of the Day.
Aviat is Losing Investor Confidence
Investor confidence in Aviat's stock has started to sour following legal investigations by multiple law firms. Earlier in the month, Aviat stated it wouldn't be able to timely file its annual report after identifying certain errors impacting previously reported financial information for its current fiscal 2024 and FY23.
News of such has caused Aviat's stock to plummet -17% in September. Furthermore, AVNW is now down more than -30% year to date to vastly underperform the broader indexes and its Zacks Wireless Equipment Market's +25%.
Negative Zacks ESP
On top of mounting concerns in regard to accounting practices, the Zacks ESP (Expected Surprise Prediction) also indicates Aviat could miss its fiscal fourth quarter earnings expectations with the company scheduled to report on Wednesday, September 25.
To that point, the Most Accurate Estimate for Aviat's Q4 EPS is at $0.62 and -6% below the Zacks Consensus of $0.66 per share.
Declining EPS Revisions
Notably, Aviat's Q4 earnings estimate revisions have declined -16% from estimates of $0.79 per share 30 days ago. In the last month annual earnings estimates for FY24 and FY25 have declined -4% and -7% respectively.
Final Thoughts
Unfortunately, the old saying of when there is smoke there's fire may apply to Aviat's stock. Considering the wireless network provider is dealing with financial accounting probes, declining earnings estimate revisions is another tell-tale sign that it may be best to avoid Aviat's stock at the moment.
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Is Royal Caribbean Stock a Buy, Sell or Hold Right Now?
Royal Caribbean Cruises Ltd.'s stock is trading at a discount compared with the Zacks Leisure and Recreation Servicesindustry. With a forward 12-month Price/Earnings ratio of 13.5x, it sits below the industry average of 16.88x and the Consumer Discretionary sector's 17.6x.
The stock's performance has been stellar, soaring 91.3% in the past year. The metric outpaced the industry's 21.3% rise and the S&P 500's 31.1% appreciation. During the same period, the Consumer Discretionary sector advanced just 15.2%. RCL has outperformed some other industry players, comprising Norwegian Cruise Line Holdings Ltd. and Carnival Corp. & plc.
Stock Price Performance
Technical indicators suggest continued strong performance for RCL. The stock trades above its 50-day moving averages, signaling robust upward momentum and price stability. This technical strength underscores positive market sentiment and confidence in RCL's financial health and prospects.
Estimate Revision Favoring the RCL Stock
Reflecting the positive sentiment around RCL, the Zacks Consensus Estimate for earnings per share has seen upward revisions. In the past 60 days, analysts have raised their estimates for 2024 and 2025 by 3.9% to $11.59 and 3.8% to $13.38, respectively.
The stock's compelling discounted valuation and strong upward price momentum, bullish technical signals and upward estimate revisions highlight its continued appeal to investors.
Factors Driving RCL Stock
The company is benefiting from robust booking. Since the beginning of 2024, Royal Caribbean has been witnessing solid booking volumes across all key itineraries, with a rise in consumer spending onboard and pre-cruise purchases.
The Caribbean continues to show exceptional strength in bookings, supported by significantly higher pricing. Europe, contributing 15% to total capacity and 28% in the third quarter, is also at record booking levels with elevated pricing. Alaska, which accounts for 6% of capacity and 14% in the third quarter, is performing well thanks to increased capacity and newer ships, with stronger-than-expected pricing in Europe and Alaska driving yield growth. Royal Caribbean resumed operations in China during the quarter with the Spectrum of the Seas.
Consumers are increasingly prioritizing spending on experiences, with a strong focus on travel. They now have 10% more vacation days compared to 2019 and are using half of that additional time to travel. The company's research indicates that travel has become the top leisure spending category and consumers plan to further increase their travel budgets over the next year.
The company's flexible sourcing model, combined with the global appeal of its brand and its leadership in various market segments, enables it to capture high-quality demand effectively. The approach attracts new and younger consumers, contributing to strong yield performance. As of June 30, 2024, RCL had $6.2 billion in customer deposits compared with $6 billion as of March 31, 2024.
The company focuses on new innovative ships and onboard experiences to differentiate its offering and deliver superior yields and margins. Recently, it launched Silver Ray, which redefines the ultra-luxury cruise segment and attracts a younger audience. The Utopia of the Seas was also introduced to attract younger travelers and cater to short-term cruises. Upcoming expansions include Celebrity Cruises' Celebrity Excel, set to launch in late 2025 and Royal Caribbean's Star of the Seas, debuting in mid-2025. The third Icon class ship is planned for 2026 and the seventh Oasis-class ship is scheduled for 2028.
Conclusion
Royal Caribbean presents a compelling investment case with its stock trading at a discounted valuation. RCL's impressive stock price performance over the past year underscores its robust market performance. Key drivers include strong bookings across key regions like the Caribbean and Europe, elevated pricing and innovative fleet expansions targeting younger consumers. Bullish technical indicators, upward earnings revisions and increased consumer spending on travel further support RCL's growth prospects, making the Zacks Rank #2 (Buy) stock appealing for continued investor interest.
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Carnival Corporation (CCL) : Free Stock Analysis Report
Royal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report
Axis Capital Holdings Limited (AXS) : Free Stock Analysis Report
Aviat Networks, Inc. (AVNW) : Free Stock Analysis Report
Norwegian Cruise Line Holdings Ltd. (NCLH) : Free Stock Analysis Report
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Axis Capital and Aviat Networks have been highlighted as Zacks Bull and Bear of the Day

RF Industries, Ltd. (RFIL) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.06. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -116.67%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced earnings of $0.01, delivering a surprise of 133.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
RF Industries, which belongs to the Zacks Semiconductors - Radio Frequency industry, posted revenues of $16.84 million for the quarter ended July 2024, missing the Zacks Consensus Estimate by 5.63%. This compares to year-ago revenues of $15.65 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
RF Industries shares have added about 29.9% since the beginning of the year versus the S&P 500's gain of 18%.
What's Next for RF Industries?
While RF Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for RF Industries: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.08 on $19.29 million in revenues for the coming quarter and $0.10 on $66.7 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductors - Radio Frequency is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Computer and Technology sector, Aviat Networks, Inc. (AVNW), is yet to report results for the quarter ended June 2024.
This company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of -9.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Aviat Networks, Inc.'s revenues are expected to be $115.95 million, up 27.2% from the year-ago quarter.
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RF Industries, Ltd. (RFIL) : Free Stock Analysis Report
Aviat Networks, Inc. (AVNW) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.