Aviat Networks, Inc. (NASDAQ:AVNW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $33.1429.

Several research firms have recently weighed in on AVNW. Weiss Ratings lowered Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Rafferty Capital Markets assumed coverage on Aviat Networks in a report on Tuesday, June 30th. They set a “buy” rating and a $36.00 target price for the company. Citigroup upgraded Aviat Networks to an “outperform” rating in a research report on Monday, June 15th. Wall Street Zen cut Aviat Networks from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, Lake Street Capital set a $31.00 price objective on Aviat Networks and gave the stock a “buy” rating in a report on Tuesday, May 5th.

Aviat Networks Stock Performance

Shares of AVNW opened at $21.17 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99. Aviat Networks has a 1 year low of $13.92 and a 1 year high of $27.02. The firm has a fifty day moving average of $18.90 and a 200-day moving average of $21.63. The company has a market cap of $273.94 million, a price-to-earnings ratio of 30.68 and a beta of 0.70.

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

Institutional Trading of Aviat Networks

Institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in Aviat Networks by 35.4% in the 1st quarter. Bank of America Corp DE now owns 27,308 shares of the communications equipment provider’s stock worth $617,000 after buying an additional 7,139 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Aviat Networks by 27.9% in the first quarter. Quantinno Capital Management LP now owns 20,038 shares of the communications equipment provider’s stock worth $453,000 after acquiring an additional 4,367 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Aviat Networks in the first quarter worth $453,000. Aristides Capital LLC raised its holdings in shares of Aviat Networks by 9.6% during the first quarter. Aristides Capital LLC now owns 114,691 shares of the communications equipment provider’s stock worth $2,593,000 after acquiring an additional 10,016 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Aviat Networks by 122.2% in the first quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock valued at $9,775,000 after purchasing an additional 237,761 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

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.