Aviat Networks (AVNW) to Release Quarterly Earnings on Wednesday
Aviat Networks (NASDAQ:AVNW) will announce its Q114 earnings results on Wednesday, October 30th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $98.00 million for the quarter. Aviat Networks has set its Q1 guidance at ($0.03)- $0.00 EPS.
Aviat Networks (NASDAQ:AVNW) last released its earnings data on Wednesday, August 14th. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ 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. On average, analysts expect Aviat Networks to post $-0.01 EPS for the current fiscal year and $0.10 EPS for the next fiscal year.
Aviat Networks (NASDAQ:AVNW) traded down 0.92% on Tuesday, hitting $2.16. The stock had a trading volume of 541,299 shares. Aviat Networks has a one year low of $2.17 and a one year high of $3.90. The stock has a 50-day moving average of $2.60 and a 200-day moving average of $2.85. The company’s market cap is $134.7 million.
A number of research firms have recently commented on AVNW. Analysts at Zacks upgraded shares of Aviat Networks from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, October 21st. They now have a $2.20 price target on the stock. On a related note, analysts at Needham & Company downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note to investors on Thursday, October 3rd.
Aviat Networks, Inc(NASDAQ:AVNW) together with its subsidiaries, is a global supplier of microwave networking solutions.
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