Aviat Networks, Inc. (NASDAQ:AVNW) Receives $37.60 Consensus Price Target from Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned an average rating of “Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $37.60.

AVNW has been the subject of a number of analyst reports. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Northland Securities restated an “outperform” rating and set a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th.

Institutional Investors Weigh In On Aviat Networks

Institutional investors have recently added to or reduced their stakes in the business. Tieton Capital Management LLC lifted its stake in Aviat Networks by 998.2% in the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider’s stock valued at $11,776,000 after buying an additional 591,055 shares during the last quarter. First Wilshire Securities Management Inc. purchased a new stake in Aviat Networks in the fourth quarter valued at approximately $7,483,000. Kennedy Capital Management LLC purchased a new stake in Aviat Networks in the fourth quarter valued at approximately $6,551,000. First Eagle Investment Management LLC purchased a new stake in Aviat Networks in the fourth quarter valued at approximately $3,669,000. Finally, Marshall Wace LLP lifted its stake in Aviat Networks by 475.9% in the fourth quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider’s stock valued at $4,166,000 after buying an additional 190,074 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Performance

Shares of Aviat Networks stock opened at $18.42 on Tuesday. Aviat Networks has a one year low of $12.96 and a one year high of $38.85. The company has a market cap of $233.64 million, a PE ratio of -92.10 and a beta of 1.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The business has a 50-day simple moving average of $20.40 and a 200-day simple moving average of $20.09.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. On average, equities research analysts forecast that Aviat Networks will post 0.5 EPS for the current fiscal year.

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.