Aviat Networks (NASDAQ:AVNW) Lowered to Sell Rating by StockNews.com

Aviat Networks (NASDAQ:AVNW) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Several other analysts also recently weighed in on AVNW. Roth Mkm cut their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday. B. Riley dropped their target price on Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Northland Securities reduced their price target on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Lake Street Capital dropped their price target on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.60.

Aviat Networks Stock Performance

Shares of Aviat Networks stock opened at $14.39 on Thursday. The business has a fifty day simple moving average of $21.84 and a two-hundred day simple moving average of $26.86. The firm has a market capitalization of $182.41 million, a P/E ratio of -46.42 and a beta of 1.81. The company has a current ratio of 1.85, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18. Aviat Networks has a 12 month low of $12.95 and a 12 month high of $38.85.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter. Aviat Networks had a net margin of 2.89% and a return on equity of 13.47%. The company had revenue of $116.66 million during the quarter. On average, equities analysts forecast that Aviat Networks will post 2.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Aviat Networks

Large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its stake in Aviat Networks by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 18,716 shares of the communications equipment provider’s stock valued at $537,000 after acquiring an additional 523 shares during the period. nVerses Capital LLC purchased a new stake in Aviat Networks in the second quarter worth approximately $29,000. Delphi Management Inc. MA grew its position in Aviat Networks by 6.5% in the 1st quarter. Delphi Management Inc. MA now owns 21,451 shares of the communications equipment provider’s stock worth $822,000 after purchasing an additional 1,305 shares during the period. Truvestments Capital LLC raised its stake in Aviat Networks by 26.2% during the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock valued at $408,000 after buying an additional 2,213 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in shares of Aviat Networks by 6.7% during the 1st quarter. Tectonic Advisors LLC now owns 35,368 shares of the communications equipment provider’s stock valued at $1,356,000 after buying an additional 2,221 shares during the period. 78.62% of the stock is currently owned by institutional investors.

About Aviat Networks

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.