Lake Street Capital Cuts Aviat Networks (NASDAQ:AVNW) Price Target to $27.00

Aviat Networks (NASDAQ:AVNW) had its target price dropped by stock analysts at Lake Street Capital from $45.00 to $27.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Lake Street Capital’s price objective points to a potential upside of 85.06% from the company’s previous close.

AVNW has been the subject of several other reports. Roth Mkm dropped their target price on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday. Northland Securities dropped their price objective 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. JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a research note on Tuesday, October 8th. B. Riley dropped their price target on Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, September 13th. Finally, StockNews.com downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.60.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW traded down $6.34 during trading on Wednesday, hitting $14.59. 936,543 shares of the stock were exchanged, compared to its average volume of 113,182. Aviat Networks has a 12-month low of $13.45 and a 12-month high of $38.85. The company has a market cap of $185.00 million, a PE ratio of 15.04 and a beta of 1.81. The company has a fifty day moving average price of $22.64 and a two-hundred day moving average price of $27.17. The company has a current ratio of 1.85, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18.

Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. Aviat Networks had a return on equity of 13.47% and a net margin of 2.89%. The company had revenue of $116.66 million for the quarter. On average, analysts forecast that Aviat Networks will post 2.08 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP increased its stake in Aviat Networks by 183.9% in the third quarter. GSA Capital Partners LLP now owns 19,826 shares of the communications equipment provider’s stock valued at $429,000 after purchasing an additional 12,843 shares during the last quarter. Tectonic Advisors LLC grew its stake in shares of Aviat Networks by 8.6% during the 3rd quarter. Tectonic Advisors LLC now owns 59,621 shares of the communications equipment provider’s stock valued at $1,290,000 after buying an additional 4,715 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Aviat Networks during the 3rd quarter worth $589,000. NBC Securities Inc. purchased a new position in shares of Aviat Networks in the 3rd quarter worth $62,000. Finally, Delphi Management Inc. MA boosted its holdings in Aviat Networks by 10.9% in the second quarter. Delphi Management Inc. MA now owns 23,788 shares of the communications equipment provider’s stock valued at $682,000 after acquiring an additional 2,337 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.