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

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $30.00.

A number of analysts recently issued reports on the stock. Lake Street Capital set a $31.00 target price on shares of Aviat Networks and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Roth Mkm dropped their target price on shares of Aviat Networks from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Weiss Ratings downgraded shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Northland Securities reissued a “market perform” rating and set a $20.00 target price on shares of Aviat Networks in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th.

Aviat Networks Stock Down 2.3%

AVNW opened at $16.00 on Friday. The firm has a 50 day moving average price of $21.90 and a 200 day moving average price of $22.43. The company has a market cap of $207.04 million, a PE ratio of 23.19 and a beta of 0.82. Aviat Networks has a 1 year low of $13.92 and a 1 year high of $27.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99.

Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The business had revenue of $100.00 million for the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. Sell-side analysts expect that Aviat Networks will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently bought and sold shares of AVNW. Quarry LP purchased a new position in Aviat Networks in the 3rd quarter worth approximately $27,000. Raymond James Financial Inc. purchased a new position in Aviat Networks in the 2nd quarter worth approximately $28,000. Potomac Capital Management Inc. purchased a new position in Aviat Networks in the 4th quarter worth approximately $43,000. Comerica Bank boosted its holdings in Aviat Networks by 40.2% in the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 780 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Aviat Networks by 96.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after acquiring an additional 1,120 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.