Aviat Networks, Inc. (NASDAQ:AVNW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $34.80.

Several research analysts recently issued reports on the company. Roth Mkm lowered their target price on Aviat Networks from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Aviat Networks in a research note on Wednesday, February 4th. B. Riley Financial reiterated a “buy” rating and issued a $36.00 target price (up from $35.00) on shares of Aviat Networks in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Aviat Networks in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Saturday.

Aviat Networks Trading Down 0.7%

Shares of Aviat Networks stock opened at $26.17 on Thursday. The firm has a market capitalization of $337.59 million, a PE ratio of 23.37 and a beta of 0.96. The company has a current ratio of 1.85, a quick ratio of 1.56 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $21.86 and its 200 day moving average is $22.41. Aviat Networks has a 1 year low of $15.80 and a 1 year high of $27.02.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Tuesday, February 3rd. The communications equipment provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.06. Aviat Networks had a return on equity of 10.71% and a net margin of 3.27%.The business had revenue of $111.47 million during the quarter, compared to analysts’ expectations of $109.67 million. Equities research analysts forecast that Aviat Networks will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aviat Networks news, SVP Gary Croke sold 6,914 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $26.20, for a total transaction of $181,146.80. Following the sale, the senior vice president owned 43,868 shares of the company’s stock, valued at approximately $1,149,341.60. This represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP acquired a new stake in Aviat Networks during the third quarter worth approximately $27,000. Raymond James Financial Inc. bought a new position in shares of Aviat Networks during the 2nd quarter worth approximately $28,000. Comerica Bank grew its position in shares of Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 780 shares during the period. BNP Paribas Financial Markets grew its position in shares of Aviat Networks by 96.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 1,120 shares during the period. Finally, State of Wyoming bought a new stake in shares of Aviat Networks in the 3rd quarter valued at $63,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Company Profile

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.