Stratex Networks Reiterates Revenue Guidance for Q1 Fiscal 2007

Provides Additional Guidance for Stock-Based Compensation Charges 


SAN JOSE, Calif., July 13  /PRNewswire-FirstCall/ -- Stratex Networks, Inc. (NASDAQ:STXN), a leading provider of wireless transmission solutions, today reiterated revenue guidance for the first fiscal quarter of 2007, ended June 30, 2006.  The guidance was previously issued in the company's quarterly conference call on May 18, 2006.

Revenue is now expected to be at the high end of the guidance range of $62 million to $66 million; earnings per share are also expected to be at the high end of management's expectations, excluding non-cash charges for stock-based compensation of approximately $2.4 million related to the adoption of Financial Accounting Standard 123(R) and the company's restricted stock plan.

"We are pleased with our anticipated results, and with the excellent progress in meeting recent strong customer demand.  The pace of improvements in our supply chain has accelerated significantly, giving us increasing confidence in our capability to meet anticipated future demand for the Eclipse product family," said Tom Waechter, president and CEO of Stratex Networks.

Stratex Networks acknowledges that its anticipated results are preliminary, based on the best information currently available and subject to completion of preparation and audit of its financial statements for the quarter.

Quarterly Conference Call Scheduled for August 2

Stratex Networks management will hold a conference call to discuss the details of the company's financial results for the first quarter of fiscal 2007 on Wednesday, August 2 at 5:00 p.m. Eastern Time.  Those wishing to join should dial 303-205-0066 at approximately 4:50 p.m.  A replay of the call will be available starting one hour after the completion of the call until August 9, 2006.  To access the replay, dial 303-590-3000 (pass code:  11065837#).  A live and an archived webcast of the conference call will also be available via the company's Web site at http://www.stratexnet.com/

About Stratex Networks

With headquarters in San Jose, California, Stratex Networks, Inc. is one of the world's leading providers of high-speed wireless transmission solutions.  Since it was founded in 1984, Stratex Networks has achieved international recognition for quality, innovation, and technical superiority in delivering data, voice, and video communication systems, including comprehensive service and support.  Stratex Networks, with its broad product offering and worldwide sales and support organization, is strategically positioned to serve its customers' needs in wireless high-capacity transmission technology.  Additional information is available at http://www.stratexnet.com/ .

Safe Harbor Statement

This press release contains statements that qualify as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including statements relating to the Company's expectations for revenue for the first fiscal quarter of 2007, ended June 30, 2006 and earnings per share, excluding stock option expense.  The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of significant risks and uncertainties including order cancellations, postponements in product deliveries resulting in delayed revenue recognition, In addition, because the Company's business is heavily concentrated in foreign markets, there is a significant risk of adverse currency fluctuations and unforeseen governmental action including but not limited to the denial of export and/or import licenses.  For a further discussion of these and other factors that impact the Company's business in general, see the information provided under the heading "Factors That May Affect Future Financial Results" in the Company's Quarterly Report on Form 10-K for the period ended March 31, 2006 on file with the Securities and Exchange Commission. 

DATASOURCE: Stratex Networks, Inc.



CONTACT:  Investor Contact, Mary McGowan of Summit IR Group Inc.,

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Web site:  http://www.stratexnet.com/

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