27,000 Shares in Aviat Networks, Inc. $AVNW Bought by North Star Investment Management Corp.

North Star Investment Management Corp. bought a new stake in Aviat Networks, Inc. (NASDAQ:AVNW) during the 1st quarter, HoldingsChannel reports. The firm bought 27,000 shares of the communications equipment provider’s stock, valued at approximately $610,000.

A number of other institutional investors have also bought and sold shares of AVNW. Quarry LP acquired a new stake in Aviat Networks during the 3rd quarter worth about $27,000. Raymond James Financial Inc. acquired a new position in shares of Aviat Networks in the 2nd quarter valued at about $28,000. Potomac Capital Management Inc. acquired a new position in shares of Aviat Networks in the 4th quarter valued at about $43,000. Comerica Bank boosted its position in shares of Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 780 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Aviat Networks by 96.5% during the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 1,120 shares during the period. Institutional investors own 78.62% of the company’s stock.

Wall Street Analysts Forecast Growth

AVNW has been the subject of a number of research analyst reports. Citizens Jmp lowered their target price on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Weiss Ratings cut Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Zacks Research downgraded shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Northland Securities upgraded shares of Aviat Networks from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $20.00 to $25.00 in a research note on Monday, June 15th. Finally, Citigroup upgraded shares of Aviat Networks to an “outperform” rating in a research report on Monday, June 15th. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Aviat Networks Trading Up 1.3%

NASDAQ:AVNW opened at $20.73 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.99 and a quick ratio of 1.67. The firm has a 50-day moving average of $18.97 and a 200-day moving average of $21.62. The company has a market cap of $268.23 million, a PE ratio of 30.04 and a beta of 0.74. Aviat Networks, Inc. has a one year low of $13.92 and a one year high of $27.02.

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