AVNW vs DOX vs CSCO Stock Comparison

Aviat Networks, Amdocs and Cisco Systems Prices as of Nov 5, 2026 Peers: Industry group
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AVNW Aviat Networks, Inc.
$16.97 -19.6% 1M -30.2% 1Y
Market cap
$225.98M
P/E
89.0x
Revenue (TTM)
$439.68M
Div. yield
–
Networking Equipment Technology
DOX Amdocs Ltd
$43.83 -25.1% 1M -47.8% 1Y
Market cap
$4.68B
P/E
9.3x
Revenue (TTM)
$4.70B
Div. yield
–
Networking Equipment Technology
3 wins
CSCO Cisco Systems, Inc.
$95.72 -18.8% 1M +32.8% 1Y
Market cap
$371.11B
P/E
28.0x
Revenue (TTM)
$63.33B
Div. yield
–
Networking Equipment Technology
8 wins

Head to Head

11 decided of 12

Cisco Systems leads on 8 of the 12 questions below (Cisco Systems 8, Amdocs 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAVNWDOXCSCOLeader
Larger companyMarket capitalisation $225.98M $4.68B $371.11B CSCO
Cheaper on earningsLower P/E, profitable companies only 89.0x 9.3x 28.0x DOX
Cheaper on forward earningsLower price / next fiscal year consensus EPS 6.5x 5.3x 20.1x DOX
Faster revenue growthRevenue growth, trailing twelve months +1.2% +3.6% +11.8% CSCO
More profitableNet margin, trailing twelve months 0.6% 10.7% 21.0% CSCO
Better return on capitalReturn on invested capital 1.0% 12.6% 15.9% CSCO
Less leveragedLower net debt / EBITDA 1.0x — 0.8x CSCO
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -30.2% -47.8% +32.8% CSCO
Better 5-year returnAnnualised price return, 5 years -12.1%/yr -10.4%/yr +10.9%/yr CSCO
Less volatileAnnualised volatility, 1 year 64.3% 46.7% 36.6% CSCO
Higher overall scoreMean of the five percentile scores vs peers 53/100 66/100 52/100 DOX

Percentile Scorecard

AVNWDOXCSCO

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAVNWDOXCSCO
Valuation 85 #18 of 112 90 #12 of 112 28 #81 of 112
Growth 65 #39 of 108 35 #71 of 108 37 #68 of 108
Profitability 41 #62 of 104 85 #16 of 104 87 #14 of 104
Financial Health 30 #81 of 116 31 #80 of 116 30 #82 of 116
Shareholder Returns 45 #46 of 83 90 #9 of 83 78 #19 of 83
Overall 53 66 52
  • AVNW ranked among 121 companies in Computer Hardware
  • DOX ranked among 121 companies in Computer Hardware
  • CSCO ranked among 121 companies in Computer Hardware

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAVNWDOXCSCOSPY
1 month -19.6%-25.1%-18.8% -5.9%
3 months -19.4%-25.9%-20.8% -4.6%
6 months +4.0%-32.7%+3.9% +0.2%
Year to date -20.6%-45.6%+24.3% +7.5%
1 year -30.2%-47.8%+32.8% +8.2%
3 years -44.5%-47.3%+79.6% +68.3%
3 years, per year -17.8%-19.2%+21.6% +19.0%
5 years -47.4%-42.1%+67.7% +56.5%
5 years, per year -12.1%-10.4%+10.9% +9.4%
10 years +302.1%-24.7%+217.1% +251.5%
10 years, per year +14.9%-2.8%+12.2% +13.4%

Risk

MeasureAVNWDOXCSCOSPY
Volatility, 1Y 64.3%46.7%36.6% 13.6%
Downside volatility, 1Y 81.2%60.7%39.3% 14.2%
Beta vs S&P 500, 1Y 1.89-0.131.21 1.00
Return / volatility, 1Y -0.47-1.020.90 0.60
Max drawdown, 5Y -65.1%-55.8%-38.6% -25.4%
From 52-week high -36.5%-48.7%-26.4% -5.9%
52-week high $26.74$85.49$130.00 $779.14
52-week low $15.09$43.66$71.04 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAVNWDOXCSCO
P/E now vs peer median 85.9xmedian 25.2x 9.7xmedian 25.2x 28.5xmedian 25.2x
P/S now vs peer median 0.5xmedian 2.4x 1.0xmedian 2.4x 6.0xmedian 2.4x
EV/EBITDA now vs peer median 9.5xmedian 16.2x —median 16.2x 21.9xmedian 16.2x
P/FCF now vs peer median 35.7xmedian 23.4x 3.4xmedian 23.4x 29.6xmedian 23.4x
P/B now vs peer median 0.8xmedian 2.3x 1.4xmedian 2.3x 7.5xmedian 2.3x
PEG now vs peer median -2.20median 0.98 179.38median 0.98 10.59median 0.98

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAVNWDOXCSCO
Revenue $439.68M $4.70B $63.33B
Gross profit $138.29M $1.79B $40.86B
Operating income $19.24M $682.94M $15.37B
Net income $2.54M $501.24M $13.27B
Free cash flow $6.09M $1.38B $12.77B
R&D $28.40M $335.46M $9.56B
EPS (diluted) $0.19 $4.57 $3.33
Cash & equivalents $72.84M $197.05M $7.22B
Total debt $97.00M $946.99M $29.53B
Shares (diluted) 13.03M 109.66M 3.99B
Enterprise value -$76.29M $3.81B $307.04B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAVNWDOXCSCO
P/E 85.9x 9.7x 28.5x
P/FCF 35.7x 3.4x 29.6x
P/Operating cash flow 16.0x 4.0x 26.6x
P/S 0.5x 1.0x 6.0x
P/B 0.8x 1.4x 7.5x
P/Tangible book 0.9x 1.4x 8.8x
EV/EBITDA 9.5x – 21.9x
EV/EBIT 12.5x 8.1x 25.5x
EV/Revenue 0.5x 1.2x 6.2x
EV/FCF 39.6x 4.0x 30.7x
EV/Operating cash flow 17.8x 4.6x 27.6x
PEG (3Y EPS CAGR) -2.20 179.38 10.59

Growth

14 metrics
MetricAVNWDOXCSCO
Revenue growth (1Y) 1.2% 3.6% 11.8%
Revenue CAGR (3Y) 8.5% -1.3% 3.6%
Gross profit growth (1Y) -0.8% 4.0% 11.1%
Gross profit CAGR (3Y) 4.2% 1.2% 4.6%
Operating income growth (1Y) 81.9% -6.7% 30.7%
Operating income CAGR (3Y) -7.9% 1.5% 0.7%
Net income growth (1Y) 89.3% -11.7% 30.3%
Net income CAGR (3Y) -37.0% -2.6% 1.7%
EPS growth (1Y) 86.4% -11.2% 30.7%
EPS CAGR (3Y) -39.0% 0.1% 2.7%
Operating cash flow growth (1Y) 137.0% 60.4% -0.1%
Operating cash flow CAGR (3Y) 117.2% 13.5% -10.7%
Free cash flow growth (1Y) 184.0% 62.2% -3.9%
Free cash flow CAGR (3Y) 42.2% 13.5% -12.5%

Profitability

14 metrics
MetricAVNWDOXCSCO
Gross margin 31.5% 38.1% 64.5%
EBITDA margin 5.8% – 28.3%
Operating margin 4.4% 14.5% 24.3%
Pretax margin 3.0% 13.5% 25.3%
Net margin 0.6% 10.7% 21.0%
FCF margin 1.4% 29.5% 20.2%
Operating cash flow margin 3.1% 25.6% 22.4%
Return on equity 0.9% 15.0% 26.8%
Return on assets 0.4% 7.8% 10.4%
Return on invested capital 1.0% 12.6% 15.9%
Return on capital employed 5.0% 14.6% 17.9%
Asset turnover 0.7x 0.7x 0.5x
Cash conversion (OCF / net income) 5.3x 2.4x 1.1x
Stock comp / revenue 1.4% – 6.0%

Financial Health

11 metrics
MetricAVNWDOXCSCO
Debt / assets 16.2% 14.8% 22.8%
Debt / equity 0.4x 0.3x 0.6x
Net debt / EBITDA 1.0x – 0.8x
Debt / FCF 15.9x 0.7x 2.3x
Liabilities / assets 55.4% 47.9% 61.2%
Equity / assets 44.6% 52.1% 38.8%
Interest coverage – – 10.5x
Current ratio 2.0x 0.9x 0.9x
Quick ratio 1.6x 0.1x 0.6x
Cash ratio 0.3x 0.1x 0.4x
Altman Z-score 0.32 – 3.73

Shareholder Returns

7 metrics
MetricAVNWDOXCSCO
Dividend yield – 5.1% 1.7%
Net buyback yield 0.0% – 1.5%
Shareholder yield 0.0% 5.1% 3.2%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAVNWDOXCSCO
Forward P/E 6.5xFY2027 5.3xFY2027 20.1xFY2027
EPS, next fiscal year $2.60FY2027 $8.24FY2027 $4.76FY2027
EPS growth, next FY +56.6%FY2027 +11.2%FY2027 +9.9%FY2027
EPS growth, the year after +21.9% +15.7% +21.2%
Revenue, next fiscal year $436.13MFY2027 $4.68BFY2027 $75.08BFY2027
Revenue growth, next FY -0.8%FY2027 -0.4%FY2027 +18.6%FY2027
Revenue growth, the year after +8.1% +9.9% +1.1%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAVNWDOXCSCO
Held by institutions 81.1% 93.0% 80.1%
Institutions holding 123 448 4,051
Change in shares held, QoQ +2.4% +0.5% +5.0%
Institutions buying 68 250 1,850
Institutions selling 35 153 1,819
Buyers to sellers 1.94 1.63 1.02

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AVNWDOXCSCO
AVNW 1.00 -0.01 0.28
DOX -0.01 1.00 -0.05
CSCO 0.28 -0.05 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AVNW, DOX and CSCO?

Cisco Systems (CSCO) is the largest by market capitalisation: Aviat Networks (AVNW) $225.98M, Amdocs (DOX) $4.68B, Cisco Systems (CSCO) $371.11B.

Which stock is cheaper, AVNW, DOX and CSCO?

Amdocs (DOX) trades on the lowest price-to-earnings ratio (Aviat Networks (AVNW) 89.0x, Amdocs (DOX) 9.3x, Cisco Systems (CSCO) 28.0x). On next year's consensus earnings, Amdocs (DOX) is cheapest (Aviat Networks (AVNW) 6.5x, Amdocs (DOX) 5.3x, Cisco Systems (CSCO) 20.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Cisco Systems (CSCO) grew revenue fastest over the trailing twelve months: Aviat Networks (AVNW) +1.2%, Amdocs (DOX) +3.6%, Cisco Systems (CSCO) +11.8%.

Which company is more profitable?

Cisco Systems (CSCO) has the highest net margin (Aviat Networks (AVNW) 0.6%, Amdocs (DOX) 10.7%, Cisco Systems (CSCO) 21.0%). On return on invested capital, Cisco Systems (CSCO) leads (Aviat Networks (AVNW) 1.0%, Amdocs (DOX) 12.6%, Cisco Systems (CSCO) 15.9%).

Which stock has performed better?

Over the past year Cisco Systems (CSCO) returned the most: Aviat Networks (AVNW) -30.2%, Amdocs (DOX) -47.8%, Cisco Systems (CSCO) +32.8%. Over five years, Cisco Systems (CSCO) compounded fastest (Aviat Networks (AVNW) -12.1%/yr, Amdocs (DOX) -10.4%/yr, Cisco Systems (CSCO) +10.9%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cisco Systems (CSCO) has been the steadiest (Aviat Networks (AVNW) 64.3%, Amdocs (DOX) 46.7%, Cisco Systems (CSCO) 36.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AVNW, DOX and CSCO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cisco Systems (CSCO) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.