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

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $32.7143.

A number of equities analysts have recently weighed in on AVNW shares. Zacks Research raised Aviat Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. B. Riley Financial reissued a “buy” rating and set a $33.00 target price (up from $28.00) on shares of Aviat Networks in a research note on Friday. Northland Securities boosted their price target on Aviat Networks from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Craig Hallum initiated coverage on Aviat Networks in a research note on Tuesday, June 30th. They issued a “buy” rating and a $36.00 price target for the company. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Aviat Networks in a report on Friday.

Hedge Funds Weigh In On Aviat Networks

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tieton Capital Management LLC bought a new position in shares of Aviat Networks during the 2nd quarter valued at about $15,017,000. Sei Investments Co. increased its holdings in shares of Aviat Networks by 122.2% in the first quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock worth $9,775,000 after purchasing an additional 237,761 shares during the last quarter. Western Standard LLC increased its holdings 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 purchasing an additional 226,332 shares during the last quarter. Weber Capital Management LLC ADV bought a new stake in shares of Aviat Networks in the fourth quarter worth about $3,099,000. Finally, Marshall Wace LLP lifted its position in shares of Aviat Networks by 140.2% in the fourth quarter. Marshall Wace LLP now owns 226,580 shares of the communications equipment provider’s stock worth $4,844,000 after buying an additional 132,262 shares in the last quarter. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Price Performance

Shares of AVNW stock opened at $20.00 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.97 and a quick ratio of 1.66. Aviat Networks has a one year low of $13.92 and a one year high of $27.02. The company’s fifty day moving average price is $20.95 and its 200-day moving average price is $21.32. The company has a market capitalization of $256 million, a price-to-earnings ratio of 105.26 and a beta of 0.70.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Thursday, August 27th. The communications equipment provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. Aviat Networks had a net margin of 0.58% and a return on equity of 5.85%. The company had revenue of $120.89 million during the quarter, compared to the consensus estimate of $110.12 million. Sell-side analysts expect that Aviat Networks will post 2.44 EPS for the current fiscal 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.