Analysts Set Aviat Networks, Inc. (NASDAQ:AVNW) Price Target at $33.14

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given a consensus rating of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $33.1429.

AVNW has been the topic of several analyst reports. Craig Hallum began coverage on shares of Aviat Networks in a research note on Tuesday, June 30th. They set a “buy” rating and a $36.00 price target on the stock. Weiss Ratings cut shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Northland Securities raised their target price on Aviat Networks from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Finally, Zacks Research upgraded Aviat Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, July 6th.

Institutional Investors Weigh In On Aviat Networks

Institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank grew its stake in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 780 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Aviat Networks by 96.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after acquiring an additional 1,120 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Aviat Networks by 6.7% in the 2nd quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider’s stock valued at $441,000 after acquiring an additional 1,148 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Aviat Networks during the 2nd quarter valued at about $28,000. Finally, Quarry LP purchased a new stake in Aviat Networks during the 3rd quarter valued at about $27,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Stock Down 0.1%

Shares of NASDAQ:AVNW opened at $20.45 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99. Aviat Networks has a 1 year low of $13.92 and a 1 year high of $27.02. The stock has a market capitalization of $264.62 million, a P/E ratio of 29.64 and a beta of 0.70. The stock has a 50-day simple moving average of $20.07 and a 200-day simple moving average of $21.52.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.36). The company had revenue of $100.00 million during the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. Equities analysts forecast that Aviat Networks will post 1.14 earnings per share for the current year.

About Aviat Networks

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.