Aviat Networks, Inc. (NASDAQ:AVNW) Receives $30.00 Consensus Target Price from Brokerages

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $31.00.

Several research firms have recently weighed in on AVNW. Lake Street Capital set a $31.00 target price on shares of Aviat Networks and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Citizens Jmp dropped their target price on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a research report on Wednesday, May 6th. Northland Securities raised shares of Aviat Networks from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $20.00 to $25.00 in a research report on Monday. 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. Finally, Wall Street Zen downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th.

Institutional Trading of Aviat Networks

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. lifted its stake in shares of Aviat Networks by 122.2% in the first quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock worth $9,775,000 after buying an additional 237,761 shares during the last quarter. Western Standard LLC lifted its stake in shares of Aviat Networks by 84.5% in the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after buying an additional 226,332 shares during the last quarter. Weber Capital Management LLC ADV acquired a new stake in shares of Aviat Networks in the fourth quarter worth $3,099,000. Marshall Wace LLP lifted its stake in shares of Aviat Networks by 140.2% in the fourth quarter. Marshall Wace LLP now owns 226,580 shares of the communications equipment provider’s stock worth $4,844,000 after buying an additional 132,262 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Aviat Networks by 67.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 285,868 shares of the communications equipment provider’s stock worth $6,555,000 after buying an additional 115,298 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Stock Performance

Aviat Networks stock opened at $20.56 on Wednesday. The firm’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $21.68. The company has a market cap of $266.05 million, a P/E ratio of 29.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.99 and a quick ratio of 1.67. Aviat Networks has a fifty-two week low of $13.92 and a fifty-two week high of $27.02.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. As a group, equities research analysts predict that Aviat Networks will post 1.14 EPS for the current year.

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.