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

StockNews.com upgraded shares of Aviat Networks (NASDAQ:AVNW) from a sell rating to a hold rating in a research note published on Wednesday morning.

A number of other equities research analysts have also recently commented on the company. Roth Mkm cut their target price on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a research note on Tuesday, October 8th. Northland Securities reiterated an “outperform” rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday. Finally, Lake Street Capital cut their price target 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Aviat Networks currently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

Aviat Networks Stock Down 3.7 %

Shares of Aviat Networks stock opened at $23.66 on Wednesday. Aviat Networks has a 1 year low of $12.95 and a 1 year high of $38.85. The firm has a market cap of $300.10 million, a price-to-earnings ratio of -76.32 and a beta of 1.68. The company has a 50-day moving average of $18.58 and a 200 day moving average of $21.25. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.40.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating 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%. As a group, sell-side analysts anticipate 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 have recently bought and sold shares of the company. Royce & Associates LP boosted its position in Aviat Networks by 8.5% in the third quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock worth $15,063,000 after purchasing an additional 54,339 shares during the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Aviat Networks by 20.9% in the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock worth $10,190,000 after buying an additional 97,227 shares during the last quarter. JPMorgan Chase & Co. grew its position in Aviat Networks by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock valued at $7,875,000 after buying an additional 11,094 shares during the period. State Street Corp increased its holdings in Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock valued at $5,141,000 after buying an additional 3,855 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Aviat Networks by 15.3% in the third quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider’s stock worth $3,853,000 after acquiring an additional 22,665 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.