Aviat Networks (NASDAQ:AVNW) Raised to Hold at StockNews.com

Aviat Networks (NASDAQ:AVNW) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Wednesday.

A number of other research firms have also recently commented on AVNW. Lake Street Capital lowered their target price on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Tuesday, October 8th. Roth Mkm reduced their target price on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $30.00 price target (up previously from $27.00) on shares of Aviat Networks in a report on Wednesday. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aviat Networks presently has an average rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Stock Down 6.8 %

Shares of NASDAQ:AVNW opened at $24.57 on Wednesday. The business’s 50 day moving average is $18.43 and its 200 day moving average is $21.29. Aviat Networks has a 12-month low of $12.95 and a 12-month high of $38.85. The stock has a market cap of $311.79 million, a price-to-earnings ratio of -79.26 and a beta of 1.68. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.98% and a positive return on equity of 4.94%. On average, sell-side analysts forecast that Aviat Networks will post 1.13 earnings per share for the current fiscal year.

Institutional Trading of Aviat Networks

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC purchased a new position in Aviat Networks during the 4th quarter valued at about $34,000. NBC Securities Inc. bought a new position in shares of Aviat Networks in the third quarter valued at approximately $62,000. Dynamic Technology Lab Private Ltd purchased a new position in Aviat Networks during the third quarter valued at approximately $263,000. BNP Paribas Financial Markets increased its holdings in Aviat Networks by 635.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock worth $308,000 after acquiring an additional 12,306 shares during the period. Finally, Barclays PLC lifted its stake in Aviat Networks by 298.0% in the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock worth $344,000 after purchasing an additional 11,926 shares in the last quarter. 78.62% of the stock is currently owned by 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.