Aviat Networks, Inc. (NASDAQ:AVNW) Receives Average Rating of “Buy” from Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned an average recommendation of “Buy” from the five analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $38.60.

AVNW has been the topic of several recent analyst reports. Roth Mkm dropped their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Northland Securities cut their target price on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Lake Street Capital reduced their price target on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. StockNews.com downgraded shares of Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a research note on Tuesday, October 8th.

Insider Activity at Aviat Networks

In other news, CFO Michael Connaway bought 3,500 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $14.13 per share, with a total value of $49,455.00. Following the acquisition, the chief financial officer now owns 57,893 shares in the company, valued at $818,028.09. This trade represents a 6.43 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Pete A. Smith bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of $14.13 per share, with a total value of $42,390.00. Following the transaction, the chief executive officer now directly owns 298,539 shares in the company, valued at $4,218,356.07. This represents a 1.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.10% of the stock is currently owned by insiders.

Institutional Trading of Aviat Networks

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC acquired a new position in shares of Aviat Networks in the 2nd quarter worth approximately $29,000. NBC Securities Inc. bought a new position in Aviat Networks in the 3rd quarter valued at $62,000. Dynamic Technology Lab Private Ltd acquired a new position in Aviat Networks in the third quarter worth $263,000. BNP Paribas Financial Markets grew its holdings in shares of Aviat Networks by 635.0% during the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock worth $308,000 after purchasing an additional 12,306 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Aviat Networks by 298.0% in the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock valued at $344,000 after buying an additional 11,926 shares in the last quarter. 78.62% of the stock is owned by institutional investors.

Aviat Networks Stock Performance

Shares of AVNW opened at $15.83 on Friday. Aviat Networks has a 52 week low of $12.95 and a 52 week high of $38.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. The company has a market capitalization of $200.88 million, a PE ratio of -51.06 and a beta of 1.81. The company’s 50 day moving average price is $19.14 and its 200 day moving average price is $25.08.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. The company had revenue of $116.66 million during the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. Research analysts expect that Aviat Networks will post 1.13 EPS for the current fiscal year.

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.