Aviat Networks (AVNW) Projected to Post Quarterly Earnings on Tuesday

Aviat Networks (NASDAQ:AVNW - Get Free Report) is projected to post 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

Aviat Networks Trading Up 2.0 %

AVNW traded up $0.37 during trading on Friday, hitting $19.06. 151,704 shares of the stock were exchanged, compared to its average volume of 136,198. The firm has a 50 day simple moving average of $17.80 and a 200 day simple moving average of $21.55. The firm has a market cap of $241.87 million, a price-to-earnings ratio of -61.48 and a beta of 1.69. Aviat Networks has a 1 year low of $12.95 and a 1 year 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.

Insider Buying and Selling

In other news, CFO Michael Connaway bought 3,500 shares of the business's stock in a transaction dated Friday, November 8th. The stock was purchased at an average cost of $14.13 per share, with a total value of $49,455.00. Following the acquisition, the chief financial officer now directly 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Pete A. Smith bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $14.13 per share, with a total value of $42,390.00. Following the completion of the purchase, the chief executive officer now owns 298,539 shares in the company, valued at approximately $4,218,356.07. This trade represents a 1.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 7,400 shares of company stock worth $106,110. 4.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on AVNW shares. Roth Mkm cut their price target 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. Lake Street Capital reduced their price target on Aviat Networks from $45.00 to $27.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Northland Securities reduced their target price on shares of Aviat Networks from $40.00 to $35.00 and set an "outperform" rating for the company in a report on Tuesday, October 8th. JMP Securities reissued a "market outperform" rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Tuesday, October 8th. Finally, StockNews.com cut Aviat Networks from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.60.

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.