Aviat Networks, Inc. (NASDAQ:AVNW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have earned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $33.1429.

AVNW has been the subject of a number of recent research reports. Northland Securities increased their target price on Aviat Networks from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Craig Hallum began coverage on Aviat Networks in a research note on Tuesday, June 30th. They issued a “buy” rating and a $36.00 price target on the stock. Zacks Research upgraded Aviat Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th. Wall Street Zen cut Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Finally, Citizens Jmp reduced their target price on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 6th.

Hedge Funds Weigh In On Aviat Networks

Several institutional investors have recently added to or reduced their stakes in AVNW. Quarry LP bought a new stake in Aviat Networks during the third quarter worth about $27,000. Raymond James Financial Inc. bought a new position in shares of Aviat Networks in the second quarter valued at approximately $28,000. Potomac Capital Management Inc. acquired a new position in shares of Aviat Networks in the 4th quarter worth approximately $43,000. Comerica Bank boosted its holdings in shares of Aviat Networks by 40.2% in the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 780 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 acquiring an additional 1,120 shares during the last quarter. 78.62% of the stock is owned by institutional investors.

Aviat Networks Price Performance

Shares of Aviat Networks stock traded up $0.15 during trading on Friday, hitting $21.65. 70,742 shares of the company’s stock traded hands, compared to its average volume of 150,848. The company has a market cap of $280.15 million, a PE ratio of 31.38 and a beta of 0.70. The firm’s fifty day moving average price is $18.78 and its 200 day moving average price is $21.63. Aviat Networks has a twelve month low of $13.92 and a twelve month high of $27.02. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.99 and a quick ratio of 1.67.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. Analysts forecast that Aviat Networks will post 1.14 earnings per share for the current year.

About Aviat Networks

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.