Aviat Networks (NASDAQ:AVNW) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Aviat Networks (NASDAQ:AVNW) from a buy rating to a strong-buy rating in a research report released on Wednesday.

Separately, Lake Street Capital reissued a buy rating and set a $51.00 price target on shares of Aviat Networks in a research note on Friday, July 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Aviat Networks currently has an average rating of Buy and a consensus target price of $45.75.

Aviat Networks Stock Up 1.7 %

Shares of NASDAQ:AVNW opened at $21.34 on Wednesday. Aviat Networks has a 52-week low of $18.00 and a 52-week high of $38.85. The company has a market capitalization of $268.14 million, a PE ratio of 18.88 and a beta of 1.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12. The company has a fifty day moving average of $27.57 and a 200-day moving average of $30.80.

Institutional Trading of Aviat Networks

Hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. boosted its position in shares of Aviat Networks by 80.8% during the second quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after buying an additional 163,365 shares during the last quarter. Millrace Asset Group Inc. purchased a new stake in shares of Aviat Networks in the fourth quarter valued at about $1,617,000. Anchor Capital Advisors LLC bought a new stake in Aviat Networks in the 1st quarter worth about $1,330,000. Select Equity Group L.P. increased its holdings in Aviat Networks by 8.7% during the second quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after buying an additional 30,582 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC grew its position in shares of Aviat Networks by 80.9% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 67,100 shares of the communications equipment provider’s stock valued at $2,191,000 after acquiring an additional 30,000 shares during the period. Institutional investors own 78.62% of the company’s stock.

About Aviat Networks

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.