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

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given a consensus recommendation of “Hold” by the five research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $33.00.

A number of brokerages recently issued reports on AVNW. Weiss Ratings reiterated a “hold (c-)” rating on shares of Aviat Networks in a research report on Monday, December 29th. Zacks Research lowered shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a report on Monday, December 15th. Wall Street Zen raised Aviat Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. B. Riley restated a “buy” rating and set a $35.00 price target (up from $33.00) on shares of Aviat Networks in a research report on Wednesday, November 5th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of Aviat Networks in a research report on Wednesday, November 5th.

Insider Activity

In other Aviat Networks news, Director Bruce M. Taten sold 3,268 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total transaction of $76,438.52. Following the sale, the director owned 20,391 shares of the company’s stock, valued at $476,945.49. This represents a 13.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Pete A. Smith sold 5,350 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total transaction of $125,136.50. Following the completion of the sale, the chief executive officer owned 349,447 shares of the company’s stock, valued at $8,173,565.33. The trade was a 1.51% decrease in their position. The SEC filing for this sale provides additional information. 5.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Aviat Networks

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Aviat Networks during the third quarter worth $27,000. Raymond James Financial Inc. bought a new stake in Aviat Networks during the 2nd quarter worth about $28,000. Comerica Bank lifted its position in Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 780 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of 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 valued at $52,000 after purchasing an additional 1,120 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Aviat Networks during the 3rd quarter valued at $63,000. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Stock Up 1.2%

NASDAQ AVNW opened at $21.44 on Friday. Aviat Networks has a 1-year low of $15.80 and a 1-year high of $26.83. The company has a market capitalization of $275.29 million, a price-to-earnings ratio of 20.82 and a beta of 0.94. The stock’s 50 day moving average is $21.73 and its two-hundred day moving average is $22.64. The company has a current ratio of 1.84, a quick ratio of 1.51 and a debt-to-equity ratio of 0.39.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results on Thursday, December 7th. The communications equipment provider reported $0.75 EPS for the quarter. Aviat Networks had a return on equity of 12.04% and a net margin of 2.95%.The business had revenue of $81.25 million for the quarter. Equities analysts forecast that Aviat Networks will post 0.5 earnings per share for the current fiscal year.

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.