HC Wainwright Initiates Coverage on Aviat Networks (AVNW)
Analysts at HC Wainwright assumed coverage on shares of Aviat Networks (NASDAQ:AVNW) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Aviat Networks (NASDAQ:AVNW) opened at 1.43 on Friday. Aviat Networks has a 1-year low of $0.99 and a 1-year high of $2.81. The stock’s 50-day moving average is $1.34 and its 200-day moving average is $1.41. The company’s market cap is $88.5 million.
Aviat Networks (NASDAQ:AVNW) last released its earnings data on Tuesday, September 2nd. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.07) by $0.04. The company had revenue of $85.90 million for the quarter. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 21.2% on a year-over-year basis. Analysts expect that Aviat Networks will post $-0.03 EPS for the current fiscal year.
Separately, analysts at Needham & Company LLC upgraded shares of Aviat Networks from a “hold” rating to a “buy” rating in a research note on Wednesday. They now have a $2.20 price target on the stock.
Aviat Networks, Inc(NASDAQ:AVNW) together with its subsidiaries, is a global supplier of microwave networking solutions.