Aviat Networks, Inc. (NASDAQ:AVNW) Receives $37.60 Average Price Target from Brokerages

Shares of Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) have received an average rating of "Buy" from the five research firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is $37.60.

A number of research firms have issued reports on AVNW. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Northland Securities restated an "outperform" rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th.

Aviat Networks Price Performance

NASDAQ AVNW traded down $0.95 on Tuesday, hitting $18.42. The stock had a trading volume of 81,187 shares, compared to its average volume of 147,390. Aviat Networks has a 52-week low of $12.96 and a 52-week high of $38.85. The firm has a 50-day moving average of $20.40 and a 200-day moving average of $20.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The company has a market capitalization of $233.64 million, a price-to-earnings ratio of -92.10 and a beta of 1.67.

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Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. Equities analysts expect that Aviat Networks will post 0.5 EPS for the current year.

Institutional Investors Weigh In On Aviat Networks

Institutional investors have recently modified their holdings of the stock. AWM Investment Company Inc. grew its position in Aviat Networks by 1.8% during the 4th quarter. AWM Investment Company Inc. now owns 138,806 shares of the communications equipment provider's stock valued at $2,514,000 after purchasing an additional 2,418 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of Aviat Networks by 32.3% during the fourth quarter. Squarepoint Ops LLC now owns 75,080 shares of the communications equipment provider's stock valued at $1,360,000 after acquiring an additional 18,328 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Aviat Networks in the 4th quarter worth approximately $214,000. D. E. Shaw & Co. Inc. bought a new position in Aviat Networks in the 4th quarter valued at approximately $1,870,000. Finally, Bridgeway Capital Management LLC purchased a new stake in Aviat Networks during the 4th quarter valued at $505,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

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.