Aviat Networks (NASDAQ:AVNW) Announces Earnings Results, Beats Estimates By $0.57 EPS

Aviat Networks (NASDAQ:AVNW) released its quarterly earnings data on Tuesday. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.57, Zacks reports. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. Aviat Networks updated its FY 2025 guidance to EPS.

Aviat Networks Stock Up 28.2 %

Shares of AVNW opened at $26.35 on Thursday. Aviat Networks has a 12 month low of $12.95 and a 12 month high of $38.85. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $18.25 and its 200-day moving average is $21.27.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AVNW. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday. Lake Street Capital dropped their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Roth Mkm reduced their target price on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Finally, Northland Securities restated an “outperform” rating and set a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.60.

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.