Aviat Networks, Inc. (NASDAQ:AVNW) Receives $30.00 Average PT from Analysts

Aviat Networks, Inc. (NASDAQ:AVNW) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $30.00.

Several research firms have recently commented on AVNW. Wall Street Zen lowered Aviat Networks from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Northland Securities reaffirmed a “market perform” rating and set a $20.00 price objective on shares of Aviat Networks in a research report on Tuesday, May 5th. Citizens Jmp lowered their price objective on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 6th. Lake Street Capital set a $31.00 price objective on Aviat Networks and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings cut Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th.

Aviat Networks Trading Up 1.3%

Shares of NASDAQ:AVNW opened at $19.37 on Wednesday. The stock has a market capitalization of $250.65 million, a price-to-earnings ratio of 28.07 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99. The stock’s 50-day simple moving average is $19.19 and its two-hundred day simple moving average is $21.69. Aviat Networks has a 52-week low of $13.92 and a 52-week high of $27.02.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. Analysts expect that Aviat Networks will post 1.18 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AVNW. Sei Investments Co. increased its position in shares of Aviat Networks by 122.2% during the 1st quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock valued at $9,775,000 after purchasing an additional 237,761 shares during the last quarter. Western Standard LLC increased its position in shares of Aviat Networks by 84.5% during the 4th quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock valued at $10,567,000 after purchasing an additional 226,332 shares during the last quarter. Weber Capital Management LLC ADV bought a new position in Aviat Networks in the 4th quarter valued at $3,099,000. Marshall Wace LLP grew its position in Aviat Networks by 140.2% in the 4th quarter. Marshall Wace LLP now owns 226,580 shares of the communications equipment provider’s stock valued at $4,844,000 after acquiring an additional 132,262 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Aviat Networks by 67.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 285,868 shares of the communications equipment provider’s stock valued at $6,555,000 after acquiring an additional 115,298 shares during the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

About Aviat Networks

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.