Aviat Networks, Inc. (NASDAQ:AVNW) Given Consensus Rating of “Hold” by Brokerages

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $33.00.

AVNW has been the topic of several recent research reports. Wall Street Zen upgraded Aviat Networks from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. B. Riley reiterated a “buy” rating and issued a $35.00 price target (up from $33.00) on shares of Aviat Networks in a research report on Wednesday, November 5th. Lake Street Capital restated a “buy” rating and set a $34.00 price objective on shares of Aviat Networks in a report on Wednesday, November 5th. Zacks Research cut shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Aviat Networks in a report on Monday.

Aviat Networks Stock Up 0.7%

Shares of NASDAQ AVNW opened at $21.37 on Wednesday. Aviat Networks has a 1 year low of $15.80 and a 1 year high of $26.83. The firm’s 50-day moving average is $22.39 and its 200-day moving average is $22.74. The company has a current ratio of 1.84, a quick ratio of 1.51 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $274.39 million, a PE ratio of 20.75 and a beta of 0.92.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Thursday, December 7th. The communications equipment provider reported $0.75 earnings per share for the quarter. Aviat Networks had a net margin of 2.95% and a return on equity of 12.04%. The business had revenue of $81.25 million for the quarter. Equities analysts expect that Aviat Networks will post 0.5 EPS for the current year.

Insider Transactions at Aviat Networks

In other Aviat Networks news, CEO Pete A. Smith sold 5,350 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $23.39, for a total value of $125,136.50. Following the completion of the sale, the chief executive officer directly owned 349,447 shares in the company, valued at $8,173,565.33. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bruce M. Taten sold 3,268 shares of Aviat Networks stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total value of $76,438.52. Following the transaction, the director owned 20,391 shares in the company, valued at $476,945.49. This trade represents a 13.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Aviat Networks

Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in shares of Aviat Networks by 23.0% during the first quarter. Invesco Ltd. now owns 24,106 shares of the communications equipment provider’s stock worth $462,000 after buying an additional 4,515 shares during the period. Nuveen LLC bought a new stake in Aviat Networks in the 1st quarter valued at approximately $3,366,000. American Century Companies Inc. lifted its stake in Aviat Networks by 146.0% in the 1st quarter. American Century Companies Inc. now owns 56,209 shares of the communications equipment provider’s stock valued at $1,078,000 after acquiring an additional 33,364 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Aviat Networks during the 1st quarter worth approximately $425,000. Finally, First Wilshire Securities Management Inc. grew its stake in shares of Aviat Networks by 5.3% during the 1st quarter. First Wilshire Securities Management Inc. now owns 435,031 shares of the communications equipment provider’s stock worth $8,340,000 after acquiring an additional 21,839 shares in the last quarter. 78.62% of the stock is owned by institutional investors.

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.