Aviat Networks (NASDAQ:AVNW) Given New $27.00 Price Target at Lake Street Capital

Aviat Networks (NASDAQ:AVNW) had its price target trimmed by Lake Street Capital from $45.00 to $27.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Several other research analysts have also recently issued reports on AVNW. Roth Mkm reduced their price objective on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday. B. Riley dropped their target price on Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, September 13th. JMP Securities reiterated a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a research note on Tuesday, October 8th. Northland Securities lowered their target price on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Finally, StockNews.com cut Aviat Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Aviat Networks presently has an average rating of “Moderate Buy” and a consensus price target of $38.60.

Aviat Networks Price Performance

AVNW opened at $13.70 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.85 and a quick ratio of 1.57. The firm has a market capitalization of $173.66 million, a PE ratio of -44.19 and a beta of 1.81. The business’s 50-day moving average is $22.37 and its two-hundred day moving average is $27.08. Aviat Networks has a 1 year low of $13.45 and a 1 year high of $38.85.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings results on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. The company had revenue of $116.66 million during the quarter. Aviat Networks had a return on equity of 13.47% and a net margin of 2.89%. Research analysts anticipate that Aviat Networks will post 2.08 earnings per share for the current fiscal year.

Institutional Trading of Aviat Networks

Several large investors have recently made changes to their positions in AVNW. Royce & Associates LP boosted its stake in Aviat Networks by 8.5% during the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock worth $15,063,000 after purchasing an additional 54,339 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Aviat Networks by 2.2% in the first quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after buying an additional 11,662 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Aviat Networks by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after acquiring an additional 7,968 shares during the last quarter. Select Equity Group L.P. grew its stake in Aviat Networks by 8.7% during the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock valued at $10,907,000 after acquiring an additional 30,582 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after acquiring an additional 163,365 shares during the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

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.