FY2027 EPS Estimates for Aviat Networks Increased by Analyst

Aviat Networks, Inc. (NASDAQ:AVNW) – Equities research analysts at Litchfield Hills Research lifted their FY2027 earnings per share estimates for Aviat Networks in a research report issued on Monday, June 8th. Litchfield Hills Research analyst T. O’neill now expects that the communications equipment provider will post earnings per share of $2.24 for the year, up from their prior estimate of $2.15. The consensus estimate for Aviat Networks’ current full-year earnings is $1.18 per share.

Several other equities analysts have also weighed in on AVNW. Weiss Ratings lowered Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Lake Street Capital set a $31.00 price objective on Aviat Networks and gave the company a “buy” rating in a report on Tuesday, May 5th. Northland Securities reissued a “market perform” rating and set a $20.00 price objective on shares of Aviat Networks in a report on Tuesday, May 5th. Zacks Research lowered Aviat Networks from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Citizens Jmp reduced their price objective on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Aviat Networks currently has a consensus rating of “Hold” and an average target price of $30.00.

Aviat Networks Price Performance

Shares of NASDAQ AVNW opened at $18.79 on Wednesday. The stock has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $21.73. Aviat Networks has a 1-year low of $13.92 and a 1-year high of $27.02. The firm has a market cap of $243.14 million, a price-to-earnings ratio of 27.23 and a beta of 0.74. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. The business had revenue of $100.00 million for the quarter, compared to analysts’ expectations of $106.39 million.

Hedge Funds Weigh In On Aviat Networks

A number of large investors have recently made changes to their positions in AVNW. Comerica Bank boosted its holdings in shares of Aviat Networks by 40.2% in the first 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. Royal Bank of Canada boosted its holdings in shares of Aviat Networks by 290.7% in the first quarter. Royal Bank of Canada now owns 40,874 shares of the communications equipment provider’s stock worth $783,000 after acquiring an additional 30,413 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Aviat Networks by 20.6% in the first quarter. AQR Capital Management LLC now owns 84,954 shares of the communications equipment provider’s stock worth $1,629,000 after acquiring an additional 14,498 shares during the period. Jane Street Group LLC boosted its holdings in shares of Aviat Networks by 6.9% in the first quarter. Jane Street Group LLC now owns 26,070 shares of the communications equipment provider’s stock worth $500,000 after acquiring an additional 1,683 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Aviat Networks by 6.7% in the second quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider’s stock worth $441,000 after acquiring an additional 1,148 shares during the period. 78.62% of the stock is owned by institutional investors.

About Aviat Networks

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.