Analysts Set Aviat Networks, Inc. (NASDAQ:AVNW) Price Target at $37.60

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned an average recommendation of “Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $37.60.

A number of equities research analysts have recently issued reports on AVNW shares. Northland Securities reiterated an “outperform” rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Roth Mkm dropped their price objective on shares of 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, Lake Street Capital dropped their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW opened at $22.16 on Friday. The company has a 50-day moving average price of $19.15 and a 200 day moving average price of $20.87. Aviat Networks has a 52 week low of $12.95 and a 52 week high of $38.85. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The company has a market cap of $281.08 million, a P/E ratio of -110.79 and a beta of 1.68.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. Research analysts predict that Aviat Networks will post 0.63 earnings per share for the current year.

Institutional Trading of Aviat Networks

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC grew 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 acquiring an additional 11,926 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Aviat Networks in the 3rd quarter worth approximately $589,000. State Street Corp grew its stake in Aviat Networks by 1.6% in the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after acquiring an additional 3,855 shares during the period. GAMMA Investing LLC purchased a new stake in Aviat Networks in the 4th quarter worth approximately $34,000. Finally, Jane Street Group LLC grew its stake in Aviat Networks by 59.1% in the 3rd quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider’s stock worth $535,000 after acquiring an additional 9,186 shares during the period. 78.62% of the stock is owned by hedge funds and other institutional investors.

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.