Aviat Networks Inc. Sets New 1-Year Low at $2.13 (AVNW)
Aviat Networks (NASDAQ:AVNW) set a new 52-week low during trading hours on Friday, American Banking & Market News reports. The company traded as low as $2.13 and last traded at $2.16, with a volume of 529,709 shares. The stock had previously closed at $2.26.
Several analysts have recently commented on the stock. Analysts at Needham & Company downgraded shares of Aviat Networks (NASDAQ:AVNW) from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Zacks downgraded shares of Aviat Networks (NASDAQ:AVNW) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, September 20th. They now have a $2.50 price target on the stock.
Aviat Networks has a 52 week low of $2.20 and a 52 week high of $3.90. The stock has a 50-day moving average of $2.5 and a 200-day moving average of $2.75. The company’s market cap is $132.9 million.
Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that Aviat Networks will post $-0.01 earnings per share 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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