Aviat Networks Inc (NASDAQ:AVNW) Given Consensus Recommendation of “Strong Buy” by Brokerages

Aviat Networks Inc (NASDAQ:AVNW) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $20.00 for the company and are predicting that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also given Aviat Networks an industry rank of 76 out of 255 based on the ratings given to related companies.

Separately, Northland Securities started coverage on Aviat Networks in a report on Wednesday. They issued an “outperform” rating and a $20.00 target price for the company.

NASDAQ AVNW traded down $0.25 during trading hours on Friday, hitting $14.40. 9,053 shares of the company’s stock traded hands, compared to its average volume of 22,522. The company has a market capitalization of $79.50 million, a PE ratio of 24.83 and a beta of 0.81. The firm’s 50-day moving average is $14.02 and its 200-day moving average is $13.53. Aviat Networks has a 52-week low of $12.29 and a 52-week high of $16.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.29.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.33 by $0.19. The firm had revenue of $58.61 million during the quarter. Aviat Networks had a return on equity of 9.92% and a net margin of 4.36%. Equities research analysts predict that Aviat Networks will post 1.02 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Aviat Networks stock. BlackRock Inc. increased its holdings in Aviat Networks Inc (NASDAQ:AVNW) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 146,254 shares of the communications equipment provider’s stock after acquiring an additional 3,561 shares during the period. BlackRock Inc. owned approximately 2.72% of Aviat Networks worth $2,004,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 49.07% of the company’s stock.

Aviat Networks Company Profile

Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.

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