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 ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $37.60.

Several analysts recently commented on AVNW shares. StockNews.com raised Aviat Networks from a "sell" rating to a "hold" rating in a research note on Wednesday, February 5th. Northland Securities reiterated 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.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Truvestments Capital LLC boosted its holdings in Aviat Networks by 8.0% in the fourth quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock valued at $194,000 after acquiring an additional 794 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Aviat Networks by 1.1% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider's stock valued at $2,148,000 after purchasing an additional 1,100 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Aviat Networks by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 272,119 shares of the communications equipment provider's stock worth $4,929,000 after buying an additional 1,171 shares during the period. Northern Trust Corp raised its stake in shares of Aviat Networks by 1.3% during the fourth quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider's stock worth $1,831,000 after buying an additional 1,321 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Aviat Networks by 9.8% in the fourth quarter. Barclays PLC now owns 17,488 shares of the communications equipment provider's stock valued at $316,000 after buying an additional 1,560 shares during the period. Institutional investors and hedge funds own 78.62% of the company's stock.

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Aviat Networks Stock Performance

Shares of Aviat Networks stock traded down $1.59 during midday trading on Friday, hitting $16.30. The company had a trading volume of 14,997 shares, compared to its average volume of 150,461. Aviat Networks has a 1-year low of $12.96 and a 1-year high of $35.46. The business's 50 day simple moving average is $20.31 and its two-hundred day simple moving average is $19.20. The stock has a market cap of $206.69 million, a PE ratio of -81.52 and a beta of 1.57. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Aviat Networks will post 0.5 EPS for the current fiscal year.

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.