Aviat Networks (AVNW) to Release Earnings on Tuesday

Aviat Networks (NASDAQ:AVNW) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $103,589.33 billion for the quarter.

Aviat Networks Stock Down 4.9 %

Shares of AVNW stock opened at $18.52 on Tuesday. The stock’s fifty day moving average price is $17.58 and its 200 day moving average price is $21.67. Aviat Networks has a 1-year low of $12.95 and a 1-year high of $38.85. The company has a market cap of $235.02 million, a price-to-earnings ratio of -59.74 and a beta of 1.69. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.40.

Insider Buying and Selling at Aviat Networks

In related news, CFO Michael Connaway purchased 3,500 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $14.13 per share, with a total value of $49,455.00. Following the completion of the acquisition, the chief financial officer now owns 57,893 shares of the company’s stock, valued at $818,028.09. The trade was a 6.43 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Pete A. Smith acquired 3,000 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $14.13 per share, for a total transaction of $42,390.00. Following the purchase, the chief executive officer now directly owns 298,539 shares in the company, valued at approximately $4,218,356.07. This trade represents a 1.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 7,400 shares of company stock worth $106,110. Insiders own 4.10% of the company’s stock.

Analysts Set New Price Targets

AVNW has been the topic of several recent analyst reports. Lake Street Capital cut their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. StockNews.com cut shares of Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. JMP Securities reissued a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th. Roth Mkm reduced their target price on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Northland Securities dropped their price target on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.60.

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.