Aviat Networks (NASDAQ:AVNW) Downgraded by StockNews.com

Aviat Networks (NASDAQ:AVNW) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities research analysts also recently weighed in on the company. Lake Street Capital reissued a “buy” rating and set a $51.00 target price on shares of Aviat Networks in a research report on Friday, July 5th. Northland Securities reiterated an “outperform” rating and issued a $40.00 price objective (down previously from $50.00) on shares of Aviat Networks in a research report on Friday, September 13th. Finally, B. Riley lowered their price objective on Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Aviat Networks currently has an average rating of “Moderate Buy” and an average target price of $45.75.

Aviat Networks Price Performance

Shares of Aviat Networks stock opened at $22.21 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79. The company has a market cap of $279.07 million, a PE ratio of 19.65 and a beta of 1.81. The firm has a fifty day moving average price of $27.36 and a two-hundred day moving average price of $30.59. Aviat Networks has a fifty-two week low of $18.00 and a fifty-two week high of $38.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hodges Capital Management Inc. grew its stake in shares of Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after purchasing an additional 163,365 shares during the period. Millrace Asset Group Inc. bought a new stake in Aviat Networks in the fourth quarter valued at $1,617,000. Anchor Capital Advisors LLC bought a new stake in Aviat Networks in the first quarter valued at $1,330,000. Select Equity Group L.P. raised its stake in Aviat Networks by 8.7% during the second quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after acquiring an additional 30,582 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC lifted its holdings in shares of Aviat Networks by 80.9% during the fourth quarter. Intrinsic Edge Capital Management LLC now owns 67,100 shares of the communications equipment provider’s stock valued at $2,191,000 after acquiring an additional 30,000 shares during the period. Institutional investors own 78.62% of the company’s stock.

About Aviat Networks

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.