Aviat Networks (NASDAQ:AVNW) Upgraded to “Strong-Buy” at Craig Hallum

Craig Hallum upgraded shares of Aviat Networks (NASDAQ:AVNW) to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

AVNW has been the subject of a number of other reports. Rafferty Capital Markets started coverage on shares of Aviat Networks in a report on Tuesday. They set a “buy” rating and a $36.00 price objective for the company. Zacks Research cut shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Lake Street Capital set a $31.00 price objective on Aviat Networks and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citizens Jmp dropped their target price on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Aviat Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.43.

Aviat Networks Trading Up 1.2%

Shares of AVNW stock opened at $22.46 on Tuesday. Aviat Networks has a 12 month low of $13.92 and a 12 month high of $27.02. The company has a quick ratio of 1.67, a current ratio of 1.99 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $18.96 and its two-hundred day moving average is $21.63. The company has a market cap of $290.63 million, a PE ratio of 32.55 and a beta of 0.70.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Monday, May 4th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%.The business had revenue of $100.00 million during the quarter, compared to the consensus estimate of $106.39 million. Equities analysts predict that Aviat Networks will post 1.14 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in Aviat Networks in the third quarter valued at about $27,000. Raymond James Financial Inc. bought a new position in shares of Aviat Networks during the 2nd quarter valued at about $28,000. Potomac Capital Management Inc. bought a new position in shares of Aviat Networks during the 4th quarter valued at about $43,000. Comerica Bank increased its stake in Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 780 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Aviat Networks by 96.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 1,120 shares during the period. 78.62% of the stock is currently 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.