Aviat Networks, Inc.
Company Name | Aviat Networks, Inc. |
Stock Symbol | AVNW |
On September 11, 2024, after market hours, Aviat disclosed that it would be unable to timely file its Annual Report for fiscal year 2024 as the Company “requires additional time to finalize its assessment of internal control over financial reporting.” The Company further disclosed that management had identified “certain errors impacting previously reported financial information for the fiscal years 2024 and 2023” and as well as “certain material weaknesses in its preliminary assessment of internal control over financial reporting for the fiscal year ended June 28, 2024.”
On this news, Aviat’s stock price fell as much as 26% during intraday trading on September 12, 2024, thereby injuring investors.
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