Insider Selling: Heinz Stumpe Sells 2,334 Shares of Aviat Networks Stock (AVNW)
Aviat Networks (NASDAQ:AVNW) SVP Heinz Stumpe unloaded 2,334 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $2.60, for a total value of $6,068.40. Following the completion of the transaction, the senior vice president now directly owns 168,917 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Needham & Company cut their price target on shares of Aviat Networks (NASDAQ:AVNW) from $3.50 to $3.00 in a research note to investors on Thursday, August 15th. They now have a “buy” rating on the stock.
Aviat Networks (NASDAQ:AVNW) traded down 0.19% on Wednesday, hitting $2.58. The stock had a trading volume of 224,410 shares. Aviat Networks has a 1-year low of $2.20 and a 1-year high of $3.90. The stock’s 50-day moving average is $2.60 and its 200-day moving average is $2.8. The company’s market cap is $155.8 million.
Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $109.00 million for the quarter, compared to the consensus estimate of $110.00 million. During the same quarter last year, the company posted $0.02 earnings per share. Aviat Networks’s revenue was down 6.0% compared to the same quarter last year. Analysts expect that Aviat Networks will post $0.13 EPS for the current fiscal year.
Aviat Networks, Inc(NASDAQ:AVNW) together with its subsidiaries, is a global supplier of microwave networking solutions.
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