Aviat Networks’ (AVNW) “Outperform” Rating Reiterated at Northland Securities

Northland Securities reiterated their outperform rating on shares of Aviat Networks (NASDAQ:AVNW) in a report released on Wednesday,Benzinga reports. They currently have a $30.00 price target on the communications equipment provider’s stock, up from their previous price target of $27.00.

AVNW has been the subject of several other reports. Lake Street Capital dropped 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. StockNews.com lowered shares of Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Roth Mkm reduced their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Aviat Networks presently has an average rating of “Moderate Buy” and a consensus target price of $37.60.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW opened at $23.66 on Wednesday. The company has a 50 day moving average of $18.58 and a 200 day moving average of $21.25. The stock has a market cap of $300.10 million, a P/E ratio of -76.32 and a beta of 1.68. Aviat Networks has a 12 month low of $12.95 and a 12 month high of $38.85. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate 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 forecast that Aviat Networks will post 1.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Aviat Networks

Several institutional investors have recently made changes to their positions in AVNW. GAMMA Investing LLC bought a new stake in shares of Aviat Networks during the fourth quarter worth $34,000. NBC Securities Inc. bought a new position in Aviat Networks in the third quarter worth about $62,000. AlphaQuest LLC bought a new position in Aviat Networks in the fourth quarter worth about $133,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Aviat Networks during the third quarter valued at about $263,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Aviat Networks by 635.0% during the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after acquiring an additional 12,306 shares in the last quarter. 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.