StockNews.com Downgrades Aviat Networks (NASDAQ:AVNW) to Sell

Aviat Networks (NASDAQ:AVNW) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other analysts also recently weighed in on the stock. Northland Securities lowered their price target on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. B. Riley dropped 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. Roth Mkm reduced their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday. JMP Securities reiterated a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Tuesday, October 8th. Finally, Lake Street Capital dropped their price objective on Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW opened at $14.39 on Thursday. Aviat Networks has a one year low of $12.95 and a one year high of $38.85. The company’s fifty day moving average price is $21.84 and its 200-day moving average price is $26.86. The firm has a market capitalization of $182.41 million, a price-to-earnings ratio of -46.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.85 and a quick ratio of 1.57.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. The company had revenue of $116.66 million during the quarter. Aviat Networks had a return on equity of 13.47% and a net margin of 2.89%. On average, equities research analysts anticipate that Aviat Networks will post 2.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AVNW. Rhumbline Advisers grew its position in shares of Aviat Networks by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 18,716 shares of the communications equipment provider’s stock worth $537,000 after buying an additional 523 shares during the last quarter. nVerses Capital LLC purchased a new position in Aviat Networks during the 2nd quarter valued at $29,000. Delphi Management Inc. MA increased its position in Aviat Networks by 6.5% during the 1st quarter. Delphi Management Inc. MA now owns 21,451 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 1,305 shares during the period. Truvestments Capital LLC raised its holdings in Aviat Networks by 26.2% in the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after purchasing an additional 2,213 shares in the last quarter. Finally, Tectonic Advisors LLC lifted its position in shares of Aviat Networks by 6.7% in the 1st quarter. Tectonic Advisors LLC now owns 35,368 shares of the communications equipment provider’s stock worth $1,356,000 after purchasing an additional 2,221 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.