Aviat Networks (NASDAQ:AVNW) Stock Rating Upgraded by Zacks Research

Aviat Networks (NASDAQ:AVNW) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Northland Securities lifted their price objective on shares of Aviat Networks from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Wall Street Zen lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Rafferty Capital Markets started coverage on shares of Aviat Networks in a research report on Tuesday, June 30th. They set a “buy” rating and a $36.00 price target on the stock. Citizens Jmp reduced their price objective on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings cut Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.14.

Aviat Networks Price Performance

Shares of NASDAQ AVNW opened at $20.54 on Monday. The company has a fifty day moving average price of $18.81 and a 200 day moving average price of $21.63. The firm has a market cap of $265.79 million, a PE ratio of 29.77 and a beta of 0.70. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. Aviat Networks has a 1-year low of $13.92 and a 1-year high of $27.02.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data 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). Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%.The firm had revenue of $100.00 million for the quarter, compared to analyst estimates of $106.39 million. Research analysts predict that Aviat Networks will post 1.14 earnings per share for the current fiscal year.

Institutional Trading of Aviat Networks

Large investors have recently added to or reduced their stakes in the company. Weber Capital Management LLC ADV bought a new stake in shares of Aviat Networks in the 4th quarter valued at about $3,099,000. Western Standard LLC grew its holdings in Aviat Networks by 84.5% during the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after purchasing an additional 226,332 shares during the period. North Star Investment Management Corp. acquired a new position in Aviat Networks during the first quarter worth approximately $610,000. Pacific Ridge Capital Partners LLC increased its position in Aviat Networks by 19.3% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 371,258 shares of the communications equipment provider’s stock worth $7,937,000 after buying an additional 60,004 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Aviat Networks by 8.5% in the fourth quarter. Royce & Associates LP now owns 648,235 shares of the communications equipment provider’s stock valued at $13,859,000 after buying an additional 51,000 shares during the period. Institutional investors and hedge funds own 78.62% of the company’s stock.

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.