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

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $33.1429.

Several research firms recently weighed in on AVNW. Zacks Research raised Aviat Networks from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Northland Securities boosted their target price on shares of Aviat Networks from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Citigroup upgraded shares of Aviat Networks to an “outperform” rating in a report on Monday, June 15th. Weiss Ratings cut Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Finally, Craig Hallum began coverage on shares of Aviat Networks in a research report on Tuesday, June 30th. They set a “buy” rating and a $36.00 target price for the company.

Aviat Networks Stock Down 4.2%

Shares of NASDAQ AVNW opened at $19.53 on Thursday. The stock has a 50-day moving average price of $19.87 and a two-hundred day moving average price of $21.55. Aviat Networks has a 12 month low of $13.92 and a 12 month high of $27.02. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. The company has a market cap of $252.72 million, a price-to-earnings ratio of 28.30 and a beta of 0.70.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (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 company had revenue of $100.00 million for the quarter, compared to analyst estimates of $106.39 million. As a group, analysts forecast that Aviat Networks will post 1.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aviat Networks

Large investors have recently bought and sold shares of the stock. Weber Capital Management LLC ADV bought a new position in Aviat Networks in the fourth quarter worth approximately $3,099,000. Western Standard LLC lifted its holdings in Aviat Networks by 84.5% during the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after acquiring an additional 226,332 shares during the period. North Star Investment Management Corp. bought a new stake in shares of Aviat Networks during the 1st quarter worth $610,000. Pacific Ridge Capital Partners LLC increased its holdings in Aviat Networks by 19.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 371,258 shares of the communications equipment provider’s stock worth $7,937,000 after buying an additional 60,004 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Aviat Networks by 8.5% during the 4th quarter. Royce & Associates LP now owns 648,235 shares of the communications equipment provider’s stock valued at $13,859,000 after acquiring an additional 51,000 shares during the period. 78.62% of the stock is currently owned by institutional investors and hedge funds.

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.