Aviat Networks, Inc. (AVNW) Upgraded by TheStreet to C-
Shares of Aviat Networks (AVNW) traded up 0.5659% during trading on Thursday, hitting $16.2414. 28,080 shares of the stock traded hands. Aviat Networks has a 52 week low of $8.08 and a 52 week high of $24.14. The firm’s market cap is $86.32 million. The company has a 50-day moving average of $16.74 and a 200-day moving average of $16.96.
Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Wednesday, September 6th. The communications equipment provider reported ($0.03) earnings per share for the quarter. The business had revenue of $56.43 million during the quarter. Aviat Networks had a negative return on equity of 0.75% and a negative net margin of 0.34%. On average, analysts forecast that Aviat Networks will post ($0.13) EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of AVNW. Schneider Capital Management Corp grew its position in shares of Aviat Networks by 11.5% in the 2nd quarter. Schneider Capital Management Corp now owns 518,792 shares of the communications equipment provider’s stock worth $9,027,000 after buying an additional 53,482 shares during the last quarter. Algert Global LLC bought a new stake in shares of Aviat Networks during the second quarter valued at approximately $734,000. Renaissance Technologies LLC boosted its position in shares of Aviat Networks by 12.8% during the first quarter. Renaissance Technologies LLC now owns 259,483 shares of the communications equipment provider’s stock valued at $3,908,000 after purchasing an additional 29,434 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Aviat Networks during the second quarter valued at approximately $410,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Aviat Networks during the second quarter valued at approximately $306,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.
About Aviat Networks
Aviat Networks, Inc, together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
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