Aviat Networks (NASDAQ:AVNW) Stock Rating Upgraded by StockNews.com

Aviat Networks (NASDAQ:AVNW) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts have also issued reports on the stock. Northland Securities reiterated an “outperform” rating and set a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research report on Wednesday. Roth Mkm cut their target price on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a research note on Tuesday, October 8th. Finally, Lake Street Capital dropped their price target on Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Aviat Networks has an average rating of “Moderate Buy” and an average target price of $37.60.

Aviat Networks Price Performance

NASDAQ:AVNW traded up $5.80 during trading hours on Wednesday, hitting $26.35. The stock had a trading volume of 1,186,531 shares, compared to its average volume of 205,523. The company has a 50 day simple moving average of $18.25 and a two-hundred day simple moving average of $21.27. The firm has a market capitalization of $334.38 million, a price-to-earnings ratio of -85.00 and a beta of 1.68. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.40. Aviat Networks has a one year low of $12.95 and a one year high of $38.85.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. Research analysts forecast that Aviat Networks will post 1.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Michael Connaway purchased 3,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was acquired at an average price of $14.13 per share, with a total value of $49,455.00. Following the transaction, the chief financial officer now directly owns 57,893 shares of the company’s stock, valued at approximately $818,028.09. This represents a 6.43 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pete A. Smith acquired 3,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $14.13 per share, for a total transaction of $42,390.00. Following the transaction, the chief executive officer now directly owns 298,539 shares of the company’s stock, valued at approximately $4,218,356.07. This trade represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,400 shares of company stock worth $106,110 in the last 90 days. 4.10% of the stock is owned by company insiders.

Institutional Trading of Aviat Networks

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Aviat Networks during the 4th quarter valued at approximately $34,000. NBC Securities Inc. purchased a new position in shares of Aviat Networks during the third quarter valued at approximately $62,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Aviat Networks during the third quarter valued at approximately $263,000. BNP Paribas Financial Markets lifted its stake in Aviat Networks by 635.0% in the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock worth $308,000 after acquiring an additional 12,306 shares during the period. Finally, Barclays PLC boosted its holdings in Aviat Networks by 298.0% in the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock valued at $344,000 after acquiring an additional 11,926 shares in the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

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.