Analysts Set Aviat Networks, Inc. (NASDAQ:AVNW) Price Target at $30.00

Aviat Networks, Inc. (NASDAQ:AVNW) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $30.00.

Several brokerages recently weighed in on AVNW. Lake Street Capital set a $31.00 price target on shares of Aviat Networks and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen cut shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Weiss Ratings cut shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Citizens Jmp reduced their target price on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its holdings in Aviat Networks by 34.5% during the third quarter. Pacific Ridge Capital Partners LLC now owns 311,254 shares of the communications equipment provider’s stock worth $7,137,000 after buying an additional 79,774 shares in the last quarter. Weber Capital Management LLC ADV purchased a new position in shares of Aviat Networks in the fourth quarter worth about $3,099,000. Western Standard LLC lifted its stake in shares of Aviat Networks by 84.5% in the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after buying an additional 226,332 shares in the last quarter. White Pine Capital LLC lifted its stake in shares of Aviat Networks by 95.4% in the third quarter. White Pine Capital LLC now owns 54,926 shares of the communications equipment provider’s stock worth $1,259,000 after buying an additional 26,813 shares in the last quarter. Finally, Acuitas Investments LLC lifted its stake in shares of Aviat Networks by 100.1% in the third quarter. Acuitas Investments LLC now owns 63,377 shares of the communications equipment provider’s stock worth $1,453,000 after buying an additional 31,700 shares in the last quarter. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Performance

NASDAQ AVNW opened at $19.37 on Wednesday. The company has a 50-day simple moving average of $19.19 and a two-hundred day simple moving average of $21.69. The company has a quick ratio of 1.67, a current ratio of 1.99 and a debt-to-equity ratio of 0.36. Aviat Networks has a 12-month low of $13.92 and a 12-month high of $27.02. The firm has a market cap of $250.65 million, a price-to-earnings ratio of 28.07 and a beta of 0.74.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $106.39 million. Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. On average, equities analysts forecast that Aviat Networks will post 1.18 EPS for the current year.

About Aviat Networks

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.