Gary Croke Sells 629 Shares of Aviat Networks (NASDAQ:AVNW) Stock

Aviat Networks, Inc. (NASDAQ:AVNW) SVP Gary Croke sold 629 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $19.69, for a total value of $12,385.01. Following the completion of the transaction, the senior vice president directly owned 42,479 shares in the company, valued at $836,411.51. This trade represents a 1.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Aviat Networks Trading Up 3.2%

NASDAQ AVNW opened at $19.25 on Thursday. The stock has a market cap of $246.40 million, a PE ratio of 101.32 and a beta of 0.70. Aviat Networks, Inc. has a 12 month low of $13.92 and a 12 month high of $27.02. The company’s 50-day moving average price is $20.88 and its 200-day moving average price is $21.19. The company has a current ratio of 1.97, a quick ratio of 1.66 and a debt-to-equity ratio of 0.33.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Thursday, August 27th. The communications equipment provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.09. The business had revenue of $120.89 million for the quarter, compared to the consensus estimate of $110.12 million. Aviat Networks had a net margin of 0.58% and a return on equity of 5.85%. Equities research analysts forecast that Aviat Networks, Inc. will post 2.24 earnings per share for the current year.

More Aviat Networks News

Here are the key news stories impacting Aviat Networks this week:

• Positive Sentiment: Revenue and earnings beat estimates: Fiscal Q4 revenue rose 4.8% year over year to $120.9 million, well above the $110.1 million consensus estimate. Adjusted EPS of $0.64 also exceeded expectations of $0.55.
• Positive Sentiment: Backlog supports future growth: Backlog increased 14% to $367 million, providing visibility as Aviat expands private wireless networks and multi-dwelling-unit opportunities. Strong North American demand is helping offset timing-related weakness in international revenue. Aviat Networks private networks and margins
• Positive Sentiment: Analyst outlook remains favorable: Northland Securities reiterated an “Outperform” rating and a $30 price target. Although it lowered its FY2027 EPS forecast to $2.29 from $2.39, the target implies substantial upside from recent trading levels. Other analysts maintain Buy or Outperform ratings, with reported targets ranging from $25 to $36.
• Neutral Sentiment: Profitability remains a concern: Component-cost pressures contributed to lower non-GAAP earnings, while Aviat’s reported net margin was just 0.58%. The private-networks strategy could drive growth, but execution and margin improvement are important given the stock’s elevated valuation.
• Negative Sentiment: Insider selling weighs on sentiment: CEO Pete Smith sold 14,264 shares for about $280,858, while VP Erin Boase and SVP Gary Croke also sold shares. No insider purchases were reported in the period, creating a potentially cautionary signal despite the executives retaining significant holdings. Aviat Networks insider sales

Institutional Investors Weigh In On Aviat Networks

A number of institutional investors have recently added to or reduced their stakes in the stock. Comerica Bank grew its stake in Aviat Networks by 40.2% in the first 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 during the last quarter. Royal Bank of Canada lifted its position in shares of Aviat Networks by 290.7% during the first quarter. Royal Bank of Canada now owns 40,874 shares of the communications equipment provider’s stock valued at $783,000 after buying an additional 30,413 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Aviat Networks by 20.6% during the first quarter. AQR Capital Management LLC now owns 84,954 shares of the communications equipment provider’s stock valued at $1,629,000 after buying an additional 14,498 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Aviat Networks by 6.9% in the 1st quarter. Jane Street Group LLC now owns 26,070 shares of the communications equipment provider’s stock valued at $500,000 after buying an additional 1,683 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings 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 buying an additional 1,148 shares in the last quarter. Institutional investors own 78.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Citigroup restated a “market outperform” rating on shares of Aviat Networks in a research note on Friday, August 28th. Roth Capital reaffirmed a “buy” rating and issued a $38.00 price objective (up from $34.00) on shares of Aviat Networks in a research note on Friday, August 28th. Rafferty Capital Markets assumed coverage on shares of Aviat Networks in a report on Tuesday, June 30th. They set a “buy” rating and a $36.00 target price on the stock. Craig Hallum initiated coverage on shares of Aviat Networks in a research report on Tuesday, June 30th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Northland Securities boosted their price target 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. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Aviat Networks currently has a consensus rating of “Moderate Buy” and an average price target of $32.71.

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.