FY2027 EPS Estimates for Aviat Networks Increased by Analyst

Aviat Networks, Inc. (NASDAQ:AVNW) – Equities research analysts at Litchfield Hills Research raised their FY2027 earnings per share estimates for Aviat Networks in a note issued to investors on Monday, June 8th. Litchfield Hills Research analyst T. O’neill now expects that the communications equipment provider will post earnings per share of $2.24 for the year, up from their previous estimate of $2.15. The consensus estimate for Aviat Networks’ current full-year earnings is $1.18 per share.

Other equities research analysts have also issued research reports about the company. Zacks Research downgraded Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Citizens Jmp lowered their price target on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 6th. Northland Securities restated a “market perform” rating and set a $20.00 price target on shares of Aviat Networks in a research report on Tuesday, May 5th. Wall Street Zen downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Weiss Ratings downgraded Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.00.

Aviat Networks Price Performance

NASDAQ:AVNW opened at $18.79 on Wednesday. The firm has a market capitalization of $243.14 million, a price-to-earnings ratio of 27.23 and a beta of 0.74. Aviat Networks has a 52-week low of $13.92 and a 52-week high of $27.02. The stock has a fifty day moving average of $19.35 and a 200 day moving average of $21.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $100.00 million for the quarter, compared to the consensus estimate of $106.39 million. Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Aviat Networks by 35.4% in the first quarter. Bank of America Corp DE now owns 27,308 shares of the communications equipment provider’s stock worth $617,000 after buying an additional 7,139 shares during the period. Quantinno Capital Management LP increased its holdings in shares of Aviat Networks by 27.9% in the first quarter. Quantinno Capital Management LP now owns 20,038 shares of the communications equipment provider’s stock worth $453,000 after buying an additional 4,367 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Aviat Networks in the first quarter worth about $453,000. Aristides Capital LLC increased its holdings in shares of Aviat Networks by 9.6% in the first quarter. Aristides Capital LLC now owns 114,691 shares of the communications equipment provider’s stock worth $2,593,000 after buying an additional 10,016 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Aviat Networks by 122.2% in the first quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock worth $9,775,000 after buying an additional 237,761 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.