Brokerages Set Aviat Networks, Inc. (NASDAQ:AVNW) PT at $37.60

Aviat Networks, Inc. (NASDAQ:AVNW) has earned a consensus recommendation of “Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.60.

Several analysts have weighed in on the company. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Northland Securities reissued an “outperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th.

Institutional Trading of Aviat Networks

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royce & Associates LP lifted its position in shares of Aviat Networks by 8.5% in the third quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock valued at $15,063,000 after acquiring an additional 54,339 shares in the last quarter. Tieton Capital Management LLC lifted its position in shares of Aviat Networks by 998.2% in the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider’s stock valued at $11,776,000 after acquiring an additional 591,055 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of Aviat Networks by 20.9% in the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock valued at $10,190,000 after acquiring an additional 97,227 shares in the last quarter. First Wilshire Securities Management Inc. purchased a new stake in shares of Aviat Networks in the fourth quarter valued at $7,483,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Aviat Networks by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock valued at $7,875,000 after acquiring an additional 11,094 shares in the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

Aviat Networks Trading Down 4.9 %

Shares of AVNW stock opened at $18.42 on Tuesday. The business’s fifty day moving average price is $20.40 and its 200 day moving average price is $20.09. Aviat Networks has a 1-year low of $12.96 and a 1-year high of $38.85. The firm has a market capitalization of $233.64 million, a PE ratio of -92.10 and a beta of 1.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. As a group, sell-side analysts forecast that Aviat Networks will post 0.5 EPS for the current fiscal year.

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.