Aviat Networks (NASDAQ:AVNW) Cut to Sell at StockNews.com

StockNews.com cut shares of Aviat Networks (NASDAQ:AVNW) from a hold rating to a sell rating in a research note published on Thursday.

A number of other equities analysts also recently commented on the stock. Lake Street Capital reduced their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday. B. Riley cut their price target on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Northland Securities lowered their price objective on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Roth Mkm cut their target price on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Aviat Networks currently has a consensus rating of “Moderate Buy” and an average target price of $38.60.

Aviat Networks Price Performance

Shares of Aviat Networks stock opened at $14.39 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.57. The company has a market cap of $182.61 million, a PE ratio of -46.42 and a beta of 1.81. The firm has a fifty day moving average price of $21.84 and a two-hundred day moving average price of $26.81. Aviat Networks has a fifty-two week low of $12.95 and a fifty-two week high of $38.85.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. The business had revenue of $116.66 million for the quarter. Analysts expect that Aviat Networks will post 2.08 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AVNW. Royce & Associates LP raised its position in Aviat Networks by 8.5% in the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock valued at $15,063,000 after purchasing an additional 54,339 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Aviat Networks by 2.2% in the first quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock valued at $21,166,000 after buying an additional 11,662 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Aviat Networks by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after buying an additional 7,968 shares in the last quarter. Select Equity Group L.P. grew its holdings in Aviat Networks by 8.7% during the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after acquiring an additional 30,582 shares during the last quarter. Finally, Hodges Capital Management Inc. increased its position in Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after acquiring an additional 163,365 shares in the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

About Aviat Networks

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.