Analysts Issue Forecasts for Aviat Networks, Inc.’s FY2024 Earnings (NASDAQ:AVNW)

Aviat Networks, Inc. (NASDAQ:AVNW) – B. Riley dropped their FY2024 earnings per share estimates for shares of Aviat Networks in a note issued to investors on Thursday, September 12th. B. Riley analyst D. Kang now forecasts that the communications equipment provider will earn $2.58 per share for the year, down from their previous estimate of $2.85. B. Riley has a “Buy” rating and a $42.00 price target on the stock. The consensus estimate for Aviat Networks’ current full-year earnings is $2.84 per share. B. Riley also issued estimates for Aviat Networks’ Q3 2025 earnings at $0.71 EPS and Q4 2025 earnings at $1.03 EPS.

Several other analysts have also weighed in on AVNW. StockNews.com upgraded Aviat Networks from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 11th. Northland Securities restated an “outperform” rating and set a $40.00 price target (down previously from $50.00) on shares of Aviat Networks in a report on Friday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $51.00 target price on shares of Aviat Networks in a research note on Friday, July 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Aviat Networks has an average rating of “Buy” and an average price target of $45.75.

Aviat Networks Stock Performance

NASDAQ:AVNW opened at $22.09 on Monday. The stock’s fifty day moving average is $27.46 and its 200 day moving average is $30.68. Aviat Networks has a fifty-two week low of $18.00 and a fifty-two week high of $38.85. The firm has a market capitalization of $277.56 million, a PE ratio of 19.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12.

Institutional Trading of Aviat Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of AVNW. nVerses Capital LLC purchased a new stake in Aviat Networks in the second quarter worth $29,000. BNP Paribas Financial Markets grew its position in shares of Aviat Networks by 84.8% during the 1st quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock worth $210,000 after buying an additional 2,513 shares in the last quarter. Covestor Ltd grew its position in shares of Aviat Networks by 309.8% during the 1st quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider’s stock worth $228,000 after buying an additional 4,486 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Aviat Networks during the 4th quarter worth $400,000. Finally, Truvestments Capital LLC grew its position in shares of Aviat Networks by 26.2% during the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after buying an additional 2,213 shares in the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

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.