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

Aviat Networks, Inc. (NASDAQ:AVNW) has received a consensus rating of “Buy” from the five research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is $38.60.

AVNW has been the topic of a number of research reports. Lake Street Capital lowered their price target on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. StockNews.com lowered Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. B. Riley dropped their price objective on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Northland Securities reduced 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.

Insiders Place Their Bets

In other Aviat Networks news, CFO Michael Connaway acquired 3,500 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average price of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the chief financial officer now owns 57,893 shares of the company’s stock, valued at approximately $818,028.09. This represents a 6.43 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Pete A. Smith acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $14.13 per share, with a total value of $42,390.00. Following the purchase, the chief executive officer now directly owns 298,539 shares of the company’s stock, valued at $4,218,356.07. This trade represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 7,400 shares of company stock worth $106,110 in the last quarter. 4.10% of the stock is owned by company insiders.

Institutional Trading of Aviat Networks

Several institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC purchased a new position in shares of Aviat Networks during the second quarter worth about $29,000. NBC Securities Inc. purchased a new position in Aviat Networks in the 3rd quarter worth approximately $62,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Aviat Networks in the 3rd quarter worth $263,000. BNP Paribas Financial Markets raised its position in shares of Aviat Networks by 635.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after buying an additional 12,306 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Aviat Networks by 298.0% during the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock worth $344,000 after acquiring an additional 11,926 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Price Performance

AVNW stock opened at $18.11 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. Aviat Networks has a 52-week low of $12.95 and a 52-week high of $38.85. The company has a market capitalization of $229.82 million, a P/E ratio of -58.42 and a beta of 1.72. The company has a fifty day moving average price of $17.03 and a 200-day moving average price of $22.90.

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

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.