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

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned an average rating of “Buy” from the five analysts that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.60.

AVNW has been the topic of a number of recent research reports. Northland Securities reduced their target price on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. StockNews.com cut shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Roth Mkm cut their price target on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday. B. Riley cut their price target on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a report on Tuesday, October 8th.

Hedge Funds Weigh In On Aviat Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new stake in Aviat Networks in the 2nd quarter valued at about $29,000. NBC Securities Inc. acquired a new stake in Aviat Networks in the 3rd quarter valued at about $62,000. BNP Paribas Financial Markets lifted its holdings in Aviat Networks by 84.8% in the 1st quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock valued at $210,000 after acquiring an additional 2,513 shares during the last quarter. Covestor Ltd lifted its holdings in Aviat Networks by 309.8% in the 1st quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider’s stock valued at $228,000 after acquiring an additional 4,486 shares during the last quarter. Finally, Truvestments Capital LLC lifted its holdings in Aviat Networks by 26.2% in the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock valued at $408,000 after acquiring an additional 2,213 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Trading Down 32.8 %

Shares of NASDAQ AVNW traded down $6.86 during midday trading on Wednesday, reaching $14.07. 1,268,860 shares of the stock were exchanged, compared to its average volume of 114,492. Aviat Networks has a 52-week low of $13.45 and a 52-week high of $38.85. The stock has a 50 day moving average price of $22.64 and a 200-day moving average price of $27.17. The company has a market capitalization of $178.41 million, a P/E ratio of 14.52 and a beta of 1.81. The company has a current ratio of 1.85, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter. Aviat Networks had a net margin of 2.89% and a return on equity of 13.47%. The company had revenue of $116.66 million during the quarter. Equities research analysts expect that Aviat Networks will post 2.08 earnings per share for the current fiscal year.

Aviat Networks Company Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.