Aviat Networks (AVNW) to Release Quarterly Earnings on Tuesday

Aviat Networks (NASDAQ:AVNW) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Aviat Networks to post earnings of $0.09 per share and revenue of $103.59 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Aviat Networks Stock Up 1.9 %

Shares of AVNW opened at $19.05 on Friday. The stock has a market capitalization of $241.74 million, a price-to-earnings ratio of -61.45 and a beta of 1.69. Aviat Networks has a 52 week low of $12.95 and a 52 week high of $38.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. The stock has a fifty day moving average of $17.87 and a 200-day moving average of $21.42.

Insider Buying and Selling at Aviat Networks

In related news, CFO Michael Connaway acquired 3,500 shares of Aviat Networks stock in a transaction on Friday, November 8th. The shares were acquired at an average cost of $14.13 per share, with a total value of $49,455.00. Following the transaction, the chief financial officer now owns 57,893 shares in the company, valued at $818,028.09. This trade represents a 6.43 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Pete A. Smith bought 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of $14.13 per share, for a total transaction of $42,390.00. Following the purchase, the chief executive officer now directly owns 298,539 shares in the company, valued at approximately $4,218,356.07. This represents a 1.02 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 7,400 shares of company stock worth $106,110. 4.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AVNW. Lake Street Capital decreased their target price on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. JMP Securities reaffirmed a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a research note on Tuesday, October 8th. Northland Securities dropped their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. StockNews.com cut Aviat Networks from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, Roth Mkm reduced 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 report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $38.60.

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.