Aviat Networks Inc. Reaches New 12-Month Low at $1.94 (AVNW)
Aviat Networks (NASDAQ:AVNW)’s share price reached a new 52-week low during mid-day trading on Thursday, AnalystRatingsNetwork.com reports. The stock traded as low as $1.94 and last traded at $2.06, with a volume of 412,825 shares traded. The stock had previously closed at $2.11.
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. Separately, 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 has a one year low of $2.17 and a one year high of $3.90. The stock’s 50-day moving average is $2.35 and its 200-day moving average is $2.61. The company’s market cap is $128.5 million.
Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.05. The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $98.00 million. During the same quarter last year, the company posted $0.05 earnings per share. Aviat Networks’s revenue was down 18.8% compared to the same quarter last year. Analysts expect that Aviat Networks will post $-0.01 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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