Brokerages Set Aviat Networks, Inc. (NASDAQ:AVNW) Target Price at $30.00

Aviat Networks, Inc. (NASDAQ:AVNW) has been given an average rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.00.

AVNW has been the topic of a number of recent analyst reports. 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. Roth Mkm decreased their price objective on Aviat Networks from $41.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. B. Riley Financial reiterated a “buy” rating and issued a $36.00 price objective (up from $35.00) on shares of Aviat Networks in a report on Wednesday, February 4th. Citizens Jmp decreased their price objective on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating on the stock in a report on Wednesday, May 6th. Finally, Weiss Ratings cut Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a report on Wednesday, May 6th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AVNW. Sei Investments Co. lifted its stake in Aviat Networks by 122.2% during the first quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider’s stock worth $9,775,000 after purchasing an additional 237,761 shares in the last quarter. Western Standard LLC lifted its stake in Aviat Networks by 84.5% during the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after purchasing an additional 226,332 shares in the last quarter. Weber Capital Management LLC ADV acquired a new position in Aviat Networks during the fourth quarter worth $3,099,000. Marshall Wace LLP lifted its stake in Aviat Networks by 140.2% during the fourth quarter. Marshall Wace LLP now owns 226,580 shares of the communications equipment provider’s stock worth $4,844,000 after purchasing an additional 132,262 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in Aviat Networks by 67.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 285,868 shares of the communications equipment provider’s stock worth $6,555,000 after purchasing an additional 115,298 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Trading Up 6.9%

AVNW opened at $17.59 on Friday. Aviat Networks has a one year low of $13.92 and a one year high of $27.02. The stock has a market capitalization of $227.61 million, a PE ratio of 25.49 and a beta of 0.82. The business’s 50 day moving average price is $20.98 and its 200 day moving average price is $22.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 1.99.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $106.39 million. As a group, equities research analysts expect that Aviat Networks will post 1.19 EPS for the current 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.