Aviat Networks (NASDAQ:AVNW) Given New $30.00 Price Target at Northland Securities

Aviat Networks (NASDAQ:AVNW) had its target price hoisted by investment analysts at Northland Securities from $25.00 to $30.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the communications equipment provider’s stock. Northland Securities’ target price would suggest a potential upside of 33.78% from the company’s previous close.

AVNW has been the topic of a number of other research reports. Craig Hallum began coverage on Aviat Networks in a research note on Tuesday. They issued a “buy” rating and a $36.00 price objective on the stock. Weiss Ratings lowered Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Zacks Research cut Aviat Networks from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Citigroup upgraded shares of Aviat Networks to an “outperform” rating in a research report on Monday, June 15th. Finally, Wall Street Zen lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Sell rating to the stock. According to MarketBeat, Aviat Networks presently has an average rating of “Moderate Buy” and a consensus price target of $33.14.

Aviat Networks Price Performance

Shares of NASDAQ AVNW traded down $0.04 during mid-day trading on Thursday, hitting $22.43. 2,584 shares of the stock were exchanged, compared to its average volume of 171,577. Aviat Networks has a twelve month low of $13.92 and a twelve month high of $27.02. The stock’s fifty day simple moving average is $18.96 and its two-hundred day simple moving average is $21.63. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99. The company has a market cap of $290.18 million, a P/E ratio of 32.50 and a beta of 0.70.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $100.00 million during the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. As a group, analysts forecast that Aviat Networks will post 1.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Aviat Networks

Several large investors have recently made changes to their positions in the company. Weber Capital Management LLC ADV acquired a new stake in Aviat Networks in the fourth quarter worth about $3,099,000. Western Standard LLC lifted its position in Aviat Networks by 84.5% during the 4th quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock valued at $10,567,000 after purchasing an additional 226,332 shares during the period. North Star Investment Management Corp. acquired a new position in Aviat Networks during the 1st quarter valued at about $610,000. Pacific Ridge Capital Partners LLC boosted its stake in shares of Aviat Networks by 19.3% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 371,258 shares of the communications equipment provider’s stock valued at $7,937,000 after purchasing an additional 60,004 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Aviat Networks by 8.5% in the 4th quarter. Royce & Associates LP now owns 648,235 shares of the communications equipment provider’s stock valued at $13,859,000 after purchasing an additional 51,000 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Company Profile

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.