Brokerages Set Aviat Networks, Inc. (NASDAQ:AVNW) Target Price at $33.14

Aviat Networks, Inc. (NASDAQ:AVNW) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $33.1429.

AVNW has been the subject of several research analyst reports. Wall Street Zen downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Rafferty Capital Markets began coverage on Aviat Networks in a report on Tuesday, June 30th. They set a “buy” rating and a $36.00 target price on the stock. Lake Street Capital set a $31.00 target price on Aviat Networks and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citizens Jmp cut their price target on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings downgraded shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th.

Aviat Networks Stock Performance

NASDAQ AVNW opened at $21.50 on Friday. The firm has a market cap of $278.21 million, a price-to-earnings ratio of 31.16 and a beta of 0.70. The company has a 50 day moving average of $18.78 and a 200-day moving average of $21.63. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. Aviat Networks has a 1-year low of $13.92 and a 1-year high of $27.02.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.36). The business had revenue of $100.00 million during the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. On average, equities analysts forecast that Aviat Networks will post 1.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aviat Networks

A number of institutional investors have recently modified their holdings of AVNW. Raymond James Financial Inc. bought a new stake in shares of Aviat Networks during the second quarter valued at approximately $28,000. Quarry LP bought a new position in Aviat Networks in the 3rd quarter worth approximately $27,000. Potomac Capital Management Inc. bought a new position in Aviat Networks in the 4th quarter worth approximately $43,000. BNP Paribas Financial Markets lifted its holdings in 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 in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Aviat Networks during the 1st quarter worth $53,000. 78.62% of the stock is owned by institutional investors.

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.