Aviat Networks (NASDAQ:AVNW) PT Lowered to $55.00

Aviat Networks (NASDAQ:AVNW) had its price target decreased by B. Riley from $59.00 to $55.00 in a research report report published on Thursday, Benzinga reports. B. Riley currently has a buy rating on the communications equipment provider’s stock.

A number of other brokerages have also issued reports on AVNW. JMP Securities reiterated a market outperform rating and issued a $50.00 price target on shares of Aviat Networks in a research note on Monday, February 5th. StockNews.com upgraded Aviat Networks from a sell rating to a hold rating in a research report on Thursday, April 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, Aviat Networks has a consensus rating of Buy and an average target price of $53.75.

Aviat Networks Stock Performance

Shares of AVNW opened at $29.91 on Thursday. The business has a 50-day simple moving average of $34.92 and a two-hundred day simple moving average of $32.40. The company has a quick ratio of 1.63, a current ratio of 2.12 and a debt-to-equity ratio of 0.18. Aviat Networks has a 52 week low of $21.15 and a 52 week high of $38.85. The stock has a market cap of $375.67 million, a price-to-earnings ratio of 26.47 and a beta of 1.78.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Wednesday, May 1st. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). Aviat Networks had a return on equity of 14.54% and a net margin of 3.54%. The firm had revenue of $111.61 million during the quarter, compared to analysts’ expectations of $113.56 million. During the same period in the prior year, the company posted $0.61 earnings per share. On average, analysts expect that Aviat Networks will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AVNW. SG Americas Securities LLC bought a new position in Aviat Networks during the third quarter valued at approximately $149,000. LSV Asset Management boosted its position in shares of Aviat Networks by 12.8% during the 3rd quarter. LSV Asset Management now owns 367,691 shares of the communications equipment provider’s stock valued at $11,472,000 after acquiring an additional 41,850 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Aviat Networks in the third quarter valued at $31,000. First Eagle Investment Management LLC increased its position in Aviat Networks by 9.3% in the third quarter. First Eagle Investment Management LLC now owns 199,160 shares of the communications equipment provider’s stock worth $6,214,000 after purchasing an additional 16,875 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its stake in Aviat Networks by 4.3% during the third quarter. Campbell & CO Investment Adviser LLC now owns 17,016 shares of the communications equipment provider’s stock valued at $531,000 after purchasing an additional 709 shares in the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Company Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.