Zacks: Aviat Networks, Inc. (AVNW) Receives Consensus Recommendation of “” from Analysts
Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given an average broker rating score of 0.00 () from the zero brokers that provide coverage for the company, Zacks Investment Research reports.
Zacks has also assigned Aviat Networks an industry rank of 206 out of 265 based on the ratings given to its competitors.
Several large investors have recently made changes to their positions in the company. Schneider Capital Management Corp raised its stake in shares of Aviat Networks by 1.0% in the first quarter. Schneider Capital Management Corp now owns 465,310 shares of the communications equipment provider’s stock worth $7,008,000 after buying an additional 4,400 shares during the period. Spark Investment Management LLC raised its stake in shares of Aviat Networks by 45.1% in the first quarter. Spark Investment Management LLC now owns 23,363 shares of the communications equipment provider’s stock worth $351,000 after buying an additional 7,263 shares during the period. TFS Capital LLC bought a new stake in shares of Aviat Networks during the first quarter worth about $160,000. Finally, Renaissance Technologies LLC raised its stake in shares of Aviat Networks by 11.3% in the fourth quarter. Renaissance Technologies LLC now owns 230,049 shares of the communications equipment provider’s stock worth $3,182,000 after buying an additional 23,366 shares during the period. 47.92% of the stock is currently owned by institutional investors.
Shares of Aviat Networks (NASDAQ:AVNW) traded down 0.11% on Monday, hitting $18.04. The stock had a trading volume of 2,745 shares. The firm’s market cap is $95.88 million. The company’s 50-day moving average price is $18.00 and its 200 day moving average price is $15.66. Aviat Networks has a 12-month low of $7.06 and a 12-month high of $24.14.
Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results on Wednesday, May 10th. The communications equipment provider reported ($0.07) earnings per share (EPS) for the quarter. Aviat Networks had a negative return on equity of 13.23% and a negative net margin of 5.95%. The business had revenue of $58.70 million for the quarter. On average, equities research analysts forecast that Aviat Networks will post ($0.13) earnings per share for the current fiscal year.
Aviat Networks Company Profile
Aviat Networks, Inc, together with its subsidiaries, is a supplier of microwave networking solutions. The Company’s product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly-licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.
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