Aviat Networks (NASDAQ:AVNW) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Aviat Networks (NASDAQ:AVNW) from a hold rating to a sell rating in a report published on Thursday morning.

Other equities research analysts have also issued reports about the stock. Roth Mkm cut their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Northland Securities cut their target price on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Lake Street Capital reduced 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. B. Riley dropped their price objective on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a report on Friday, September 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, Aviat Networks has a consensus rating of “Moderate Buy” and an average target price of $38.60.

Aviat Networks Stock Up 3.8 %

Shares of AVNW stock opened at $14.39 on Thursday. The company has a market capitalization of $182.61 million, a price-to-earnings ratio of -46.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.57. The company’s fifty day moving average price is $21.84 and its 200-day moving average price is $26.77. Aviat Networks has a one year low of $12.95 and a one year high of $38.85.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. The business had revenue of $116.66 million for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. Sell-side analysts expect that Aviat Networks will post 2.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Aviat Networks in the third quarter worth $598,000. Royce & Associates LP raised its stake in shares of Aviat Networks by 8.5% in the third quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock valued at $15,063,000 after acquiring an additional 54,339 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Aviat Networks by 183.9% in the 3rd quarter. GSA Capital Partners LLP now owns 19,826 shares of the communications equipment provider’s stock worth $429,000 after acquiring an additional 12,843 shares during the last quarter. Tectonic Advisors LLC boosted its stake in shares of Aviat Networks by 8.6% during the 3rd quarter. Tectonic Advisors LLC now owns 59,621 shares of the communications equipment provider’s stock worth $1,290,000 after purchasing an additional 4,715 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Aviat Networks during the 3rd quarter valued at about $589,000. 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.