Inspire Investing LLC Purchases New Stake in Aviat Networks, Inc. $AVNW

Inspire Investing LLC acquired a new position in shares of Aviat Networks, Inc. (NASDAQ:AVNW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 64,776 shares of the communications equipment provider’s stock, valued at approximately $1,465,000.

A number of other large investors also recently added to or reduced their stakes in AVNW. Quarry LP bought a new position in shares of Aviat Networks in the 3rd quarter valued at about $27,000. Raymond James Financial Inc. bought a new stake in shares of Aviat Networks during the second quarter worth approximately $28,000. Potomac Capital Management Inc. bought a new stake in shares of Aviat Networks during the fourth quarter worth approximately $43,000. Comerica Bank lifted its holdings in Aviat Networks by 40.2% in the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 780 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in Aviat Networks by 96.5% in 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 period. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Stock Up 1.2%

Shares of NASDAQ AVNW opened at $22.46 on Thursday. Aviat Networks, Inc. has a 52-week low of $13.92 and a 52-week 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. The stock has a market cap of $290.63 million, a P/E ratio of 32.55 and a beta of 0.70. The firm has a 50 day moving average price of $18.96 and a 200 day moving average price of $21.63.

Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). The firm had revenue of $100.00 million during 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%. Analysts expect that Aviat Networks, Inc. will post 1.14 EPS for the current year.

Analyst Ratings Changes

AVNW has been the subject of a number of analyst reports. Citigroup raised shares of Aviat Networks to an “outperform” rating in a report on Monday, June 15th. Craig Hallum initiated coverage on Aviat Networks in a research note on Tuesday. They issued a “buy” rating and a $36.00 price target on the stock. Zacks Research lowered Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Citizens Jmp decreased their price objective on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded Aviat Networks from a “buy” rating to a “hold” rating in a report on Sunday, April 26th. Eight analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Aviat Networks currently has an average rating of “Moderate Buy” and an average target price of $32.43.

Aviat Networks 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.