Aviat Networks (NASDAQ:AVNW) VP Sells $26,522.43 in Stock

Aviat Networks, Inc. (NASDAQ:AVNW) VP Erin Boase sold 1,347 shares of Aviat Networks stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $19.69, for a total transaction of $26,522.43. Following the completion of the transaction, the vice president directly owned 28,275 shares in the company, valued at approximately $556,734.75. The trade was a 4.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Aviat Networks Stock Up 0.4%

Aviat Networks stock opened at $19.32 on Friday. The company has a 50 day moving average of $20.85 and a 200-day moving average of $21.15. The company has a quick ratio of 1.66, a current ratio of 1.97 and a debt-to-equity ratio of 0.33. Aviat Networks, Inc. has a twelve month low of $13.92 and a twelve month high of $27.02. The stock has a market capitalization of $247.30 million, a PE ratio of 101.68 and a beta of 0.70.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Thursday, August 27th. The communications equipment provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. Aviat Networks had a net margin of 0.58% and a return on equity of 5.85%. The firm had revenue of $120.89 million during the quarter, compared to analyst estimates of $110.12 million. On average, equities research analysts anticipate that Aviat Networks, Inc. will post 2.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. B Riley reissued a “buy” rating on shares of Aviat Networks in a research report on Friday, August 28th. Craig Hallum began coverage on Aviat Networks in a research report on Tuesday, June 30th. They set a “buy” rating and a $36.00 price target for the company. Zacks Research raised shares of Aviat Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Rafferty Capital Markets initiated coverage on shares of Aviat Networks in a report on Tuesday, June 30th. They issued a “buy” rating and a $36.00 price objective on the stock. Finally, Weiss Ratings raised shares of Aviat Networks from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 27th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Aviat Networks has an average rating of “Moderate Buy” and an average price target of $32.71.

Institutional Trading of Aviat Networks

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Aviat Networks in the 2nd quarter valued at $28,000. Quarry LP acquired a new position in shares of Aviat Networks in the third quarter valued at $27,000. Potomac Capital Management Inc. bought a new position in shares of Aviat Networks in the fourth quarter valued at about $43,000. BNP Paribas Financial Markets raised its position in shares of Aviat Networks by 96.5% in the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 1,120 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in shares of Aviat Networks during the 1st quarter worth about $53,000. Institutional investors own 78.62% of the company’s stock.

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.