Aviat Networks, Inc. (NASDAQ:AVNW) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have received an average rating of “Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is $38.60.

A number of analysts have recently commented on the company. Lake Street Capital lowered their target price on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Northland Securities dropped their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. StockNews.com cut shares of Aviat Networks from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Roth Mkm dropped their price target on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, B. Riley cut their price objective on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a report on Friday, September 13th.

Insider Buying and Selling

In related news, CFO Michael Connaway bought 3,500 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the chief financial officer now directly owns 57,893 shares in the company, valued at $818,028.09. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Pete A. Smith acquired 3,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were bought at an average price of $14.13 per share, for a total transaction of $42,390.00. Following the acquisition, the chief executive officer now owns 298,539 shares of the company’s stock, valued at approximately $4,218,356.07. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael Connaway bought 3,500 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $14.13 per share, with a total value of $49,455.00. Following the acquisition, the chief financial officer now directly owns 57,893 shares of the company’s stock, valued at approximately $818,028.09. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Aviat Networks

Institutional investors and hedge funds have recently bought and sold shares of the business. Royce & Associates LP lifted its stake in Aviat Networks by 8.5% in the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock worth $15,063,000 after purchasing an additional 54,339 shares in the last quarter. Vanguard Group Inc. lifted its position in Aviat Networks by 2.2% during the first quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after buying an additional 11,662 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Aviat Networks by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after buying an additional 7,968 shares during the last quarter. Select Equity Group L.P. grew its holdings in Aviat Networks by 8.7% in the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock valued at $10,907,000 after buying an additional 30,582 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its stake in shares of Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock worth $10,487,000 after acquiring an additional 163,365 shares during the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW opened at $14.00 on Wednesday. Aviat Networks has a twelve month low of $12.95 and a twelve month high of $38.85. The company has a current ratio of 1.72, a quick ratio of 1.57 and a debt-to-equity ratio of 0.33. The company has a market cap of $177.66 million, a PE ratio of -45.16 and a beta of 1.81. The company’s 50 day moving average is $21.32 and its 200 day moving average is $26.50.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter. Aviat Networks had a negative net margin of 0.98% and a positive return on equity of 4.94%. The firm had revenue of $116.66 million during the quarter. On average, sell-side analysts forecast that Aviat Networks will post 2.08 EPS for the current year.

Aviat Networks Company Profile

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.