Roth Mkm Issues Pessimistic Forecast for Aviat Networks (NASDAQ:AVNW) Stock Price

Aviat Networks (NASDAQ:AVNW) had its price target dropped by stock analysts at Roth Mkm from $43.00 to $39.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Roth Mkm’s target price suggests a potential upside of 181.39% from the stock’s previous close.

A number of other equities research analysts also recently commented on AVNW. Lake Street Capital lowered their price target on shares of Aviat Networks from $51.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. B. Riley lowered their target price on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, September 13th. JMP Securities reissued a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a research note on Tuesday, October 8th. Northland Securities lowered their price objective on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. Finally, StockNews.com downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.60.

Aviat Networks Trading Up 1.2 %

Shares of Aviat Networks stock opened at $13.86 on Wednesday. The business has a 50 day moving average price of $22.10 and a 200 day moving average price of $26.99. The company has a market capitalization of $175.69 million, a P/E ratio of -44.71 and a beta of 1.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.85 and a quick ratio of 1.57. Aviat Networks has a 1 year low of $12.95 and a 1 year high of $38.85.

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

Institutional Investors Weigh In On Aviat Networks

Institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Aviat Networks in the 2nd quarter valued at about $29,000. NBC Securities Inc. purchased a new position in Aviat Networks in the third quarter valued at approximately $62,000. BNP Paribas Financial Markets lifted its position in Aviat Networks by 84.8% during the first quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock valued at $210,000 after buying an additional 2,513 shares in the last quarter. Covestor Ltd grew its stake in Aviat Networks by 309.8% during the first quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider’s stock worth $228,000 after buying an additional 4,486 shares during the period. Finally, Truvestments Capital LLC increased its position in shares of Aviat Networks by 26.2% in the first quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after acquiring an additional 2,213 shares in the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.