Insider Selling: Meena L. Elliott Unloads 2,906 Shares of Aviat Networks Stock (AVNW)
Aviat Networks (NASDAQ:AVNW) SVP Meena L. Elliott sold 2,906 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $1.20, for a total value of $3,487.20. Following the transaction, the senior vice president now directly owns 101,216 shares in the company, valued at approximately $121,459. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Aviat Networks (NASDAQ:AVNW) opened at 1.25 on Thursday. Aviat Networks has a 52 week low of $0.99 and a 52 week high of $2.82. The stock’s 50-day moving average is $1.15 and its 200-day moving average is $1.65. The company’s market cap is $77.7 million.
Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, May 6th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.10. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $95.87 million. During the same quarter last year, the company posted $0.02 earnings per share. Aviat Networks’s revenue was down 31.2% compared to the same quarter last year. On average, analysts predict that Aviat Networks will post $-0.52 earnings per share for the current fiscal year.
Separately, analysts at Singular Research initiated coverage on shares of Aviat Networks in a research note on Tuesday, April 29th. They set a “buy” rating and a $2.80 price target on the stock.
Aviat Networks, Inc(NASDAQ:AVNW) together with its subsidiaries, is a global supplier of microwave networking solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.