Aviat Networks (NASDAQ:AVNW) Upgraded to Buy by StockNews.com

Aviat Networks (NASDAQ:AVNW) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other research firms have also recently commented on AVNW. Northland Securities restated an “outperform” rating and set a $40.00 price target (down from $50.00) on shares of Aviat Networks in a research note on Friday, September 13th. B. Riley decreased their target price on Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $51.00 target price on shares of Aviat Networks in a report on Friday, July 5th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $45.75.

Aviat Networks Trading Up 17.5 %

NASDAQ:AVNW traded up $3.38 during trading hours on Monday, reaching $22.74. 623,698 shares of the stock were exchanged, compared to its average volume of 106,330. The company has a quick ratio of 1.79, a current ratio of 2.12 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average of $25.35 and a two-hundred day moving average of $29.32. Aviat Networks has a twelve month low of $18.00 and a twelve month high of $38.85. The company has a market capitalization of $285.73 million, a price-to-earnings ratio of 20.12 and a beta of 1.80.

Institutional Trading of Aviat Networks

A number of institutional investors have recently bought and sold shares of the business. Delphi Management Inc. MA lifted its holdings in Aviat Networks by 10.9% during the 2nd quarter. Delphi Management Inc. MA now owns 23,788 shares of the communications equipment provider’s stock worth $682,000 after buying an additional 2,337 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of Aviat Networks by 8.7% in the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock valued at $10,907,000 after purchasing an additional 30,582 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Aviat Networks by 18.3% in the 2nd quarter. AQR Capital Management LLC now owns 34,602 shares of the communications equipment provider’s stock valued at $993,000 after purchasing an additional 5,343 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Aviat Networks by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock valued at $12,208,000 after purchasing an additional 7,968 shares during the last quarter. Finally, Herald Investment Management Ltd lifted its holdings in shares of Aviat Networks by 3.3% in the 2nd quarter. Herald Investment Management Ltd now owns 155,000 shares of the communications equipment provider’s stock valued at $4,435,000 after purchasing an additional 5,000 shares during the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

Aviat Networks Company Profile

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.