Weekly Research Analysts’ Ratings Updates for Aviat Networks (AVNW)

Several analysts have recently updated their ratings and price targets for Aviat Networks (NASDAQ: AVNW):

• 9/19/2024 – Aviat Networks was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “hold” rating.
• 9/13/2024 – Aviat Networks had its “outperform” rating reaffirmed by analysts at Northland Securities. They now have a $40.00 price target on the stock, down previously from $50.00.
• 9/13/2024 – Aviat Networks had its price target lowered by analysts at B. Riley from $55.00 to $42.00. They now have a “buy” rating on the stock.
• 9/11/2024 – Aviat Networks was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.

Aviat Networks Stock Down 0.5 %

Aviat Networks stock traded down $0.10 during midday trading on Thursday, hitting $21.85. 46,866 shares of the company were exchanged, compared to its average volume of 101,241. The company has a market cap of $274.44 million, a PE ratio of 19.34 and a beta of 1.81. Aviat Networks, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $38.85. The company’s fifty day moving average price is $26.58 and its 200-day moving average price is $30.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79.

Institutional Investors Weigh In On Aviat Networks

A number of large investors have recently made changes to their positions in AVNW. nVerses Capital LLC acquired a new stake in Aviat Networks in the 2nd quarter valued at approximately $29,000. BNP Paribas Financial Markets raised its position in Aviat Networks by 84.8% in the first quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock worth $210,000 after purchasing an additional 2,513 shares in the last quarter. Covestor Ltd grew its stake in Aviat Networks by 309.8% during the first quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider’s stock worth $228,000 after buying an additional 4,486 shares during the last quarter. Truvestments Capital LLC raised its position in shares of Aviat Networks by 26.2% during the first quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after acquiring an additional 2,213 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. raised its stake in shares of Aviat Networks by 16.2% during the second quarter. Bright Futures Wealth Management LLC. now owns 17,022 shares of the communications equipment provider’s stock worth $484,000 after buying an additional 2,375 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.