Aviat Networks, Inc. (NASDAQ:AVNW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $34.50.

AVNW has been the topic of a number of research reports. Wall Street Zen lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Lake Street Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of Aviat Networks in a research note on Wednesday, November 5th. Citizens Jmp reiterated a “market outperform” rating and issued a $30.00 price target on shares of Aviat Networks in a research report on Wednesday, February 4th. Zacks Research upgraded Aviat Networks from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Roth Mkm cut their target price on Aviat Networks from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th.

Insider Transactions at Aviat Networks

In related news, CEO Pete A. Smith sold 17,086 shares of Aviat Networks stock in a transaction on Monday, February 9th. The shares were sold at an average price of $26.33, for a total transaction of $449,874.38. Following the completion of the transaction, the chief executive officer owned 358,747 shares of the company’s stock, valued at $9,445,808.51. This trade represents a 4.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Gary Croke sold 6,914 shares of Aviat Networks stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $26.20, for a total value of $181,146.80. Following the completion of the sale, the senior vice president owned 43,868 shares of the company’s stock, valued at approximately $1,149,341.60. The trade was a 13.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 5.30% of the company’s stock.

Institutional Investors Weigh In On Aviat Networks

Several institutional investors have recently bought and sold shares of AVNW. Comerica Bank raised its position 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 purchasing an additional 780 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Aviat Networks by 96.5% during the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 1,120 shares during the last quarter. Rhumbline Advisers boosted its holdings in Aviat Networks by 6.7% during the 2nd quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider’s stock valued at $441,000 after acquiring an additional 1,148 shares during the period. Raymond James Financial Inc. purchased a new stake in Aviat Networks during the 2nd quarter valued at about $28,000. Finally, Quarry LP bought a new position in Aviat Networks during the 3rd quarter worth approximately $27,000. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Down 0.4%

NASDAQ:AVNW opened at $25.04 on Monday. The firm has a market capitalization of $323.02 million, a price-to-earnings ratio of 22.36 and a beta of 0.83. The company has a quick ratio of 1.56, a current ratio of 1.85 and a debt-to-equity ratio of 0.37. Aviat Networks has a twelve month low of $15.80 and a twelve month high of $27.02. The stock’s 50 day moving average price is $22.93 and its two-hundred day moving average price is $22.70.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Tuesday, February 3rd. The communications equipment provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. Aviat Networks had a net margin of 3.27% and a return on equity of 10.71%. The company had revenue of $111.47 million for the quarter, compared to analyst estimates of $109.67 million. Equities research analysts expect that Aviat Networks will post 0.5 earnings per share for the current fiscal year.

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.