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Aviat Networks (NASDAQ:AVNW) was upgraded by investment analysts at Needham & Company LLC to a “buy” rating in a note issued to investors on Wednesday.

Aviat Networks (NASDAQ:AVNW) opened at 1.56 on Wednesday. Aviat Networks has a 52 week low of $0.99 and a 52 week high of $2.81. The stock’s 50-day moving average is $1.33 and its 200-day moving average is $1.41. The company’s market cap is $97.0 million.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, September 2nd. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.04. The company had revenue of $85.90 million for the quarter, compared to the consensus estimate of $85.01 million. During the same quarter in the prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was down 21.2% on a year-over-year basis. On average, analysts predict that Aviat Networks will post $-0.52 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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