Aviat Networks, Inc. (NASDAQ:AVNW) Receives Average Rating of "Buy" from Brokerages

Shares of Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) have earned an average rating of "Buy" from the five research firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.60.

AVNW has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Aviat Networks from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. JMP Securities reiterated a "market outperform" rating and set a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th. B. Riley lowered their target price on Aviat Networks from $55.00 to $42.00 and set a "buy" rating on the stock in a research note on Friday, September 13th. Lake Street Capital dropped their target price on Aviat Networks from $45.00 to $27.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Finally, Northland Securities reduced their price target on Aviat Networks from $40.00 to $35.00 and set an "outperform" rating for the company in a report on Tuesday, October 8th.

Aviat Networks Stock Up 1.0 %

NASDAQ:AVNW traded up $0.16 during trading hours on Friday, hitting $15.83. 50,967 shares of the company's stock traded hands, compared to its average volume of 313,178. The stock's fifty day moving average price is $19.14 and its two-hundred day moving average price is $25.03. The firm has a market cap of $200.88 million, a P/E ratio of -51.06 and a beta of 1.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 1.72. Aviat Networks has a twelve month low of $12.95 and a twelve month high of $38.85.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. The company had revenue of $116.66 million for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. On average, research analysts expect that Aviat Networks will post 1.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Pete A. Smith bought 3,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 298,539 shares of the company's stock, valued at $4,218,356.07. This trade represents a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Michael Connaway purchased 3,500 shares of the stock in a transaction on Friday, November 8th. The shares were bought at an average price of $14.13 per share, for a total transaction of $49,455.00. Following the acquisition, the chief financial officer now owns 57,893 shares of the company's stock, valued at approximately $818,028.09. The trade was a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 4.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Aviat Networks during the second quarter worth approximately $29,000. NBC Securities Inc. bought a new position in Aviat Networks during the third quarter worth $62,000. Dynamic Technology Lab Private Ltd acquired a new position in Aviat Networks during the 3rd quarter valued at $263,000. BNP Paribas Financial Markets boosted its holdings in Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock valued at $308,000 after purchasing an additional 12,306 shares during the period. Finally, Barclays PLC boosted its holdings in Aviat Networks by 298.0% in the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider's stock valued at $344,000 after purchasing an additional 11,926 shares during the period. Institutional investors and hedge funds 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.