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Analysts Set Aviat Networks, Inc. (NASDAQ:AVNW) PT at $38.60

Aviat Networks logo with Computer and Technology background

Shares of Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) have received an average recommendation of "Buy" from the five research firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $38.60.

Several research analysts have weighed in on AVNW shares. JMP Securities reissued 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 decreased their price target on Aviat Networks from $55.00 to $42.00 and set a "buy" rating for the company in a research note on Friday, September 13th. Roth Mkm cut their price objective 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. StockNews.com lowered Aviat Networks from a "hold" rating to a "sell" rating in a research report on Thursday, November 7th. Finally, Northland Securities dropped their price target on Aviat Networks from $40.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 8th.

Read Our Latest Stock Analysis on AVNW

Insider Activity at Aviat Networks

In other news, CEO Pete A. Smith purchased 3,000 shares of the company's 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 $42,390.00. Following the completion of the purchase, the chief executive officer now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Connaway purchased 3,500 shares of the business's stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost 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 position. The disclosure for this purchase can be found here. Insiders purchased 7,400 shares of company stock worth $106,110 in the last 90 days. 4.10% of the stock is currently owned by company insiders.

Institutional Trading of Aviat Networks

Several large investors have recently added to or reduced their stakes in AVNW. Royce & Associates LP raised its position in shares of Aviat Networks by 8.5% during the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider's stock worth $15,063,000 after buying an additional 54,339 shares in the last quarter. Hodges Capital Management Inc. increased its stake in shares of Aviat Networks by 27.3% during the third quarter. Hodges Capital Management Inc. now owns 465,483 shares of the communications equipment provider's stock valued at $10,068,000 after acquiring an additional 99,948 shares during the period. Dimensional Fund Advisors LP raised its holdings in Aviat Networks by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider's stock worth $12,208,000 after purchasing an additional 7,968 shares in the last quarter. Select Equity Group L.P. boosted its stake in Aviat Networks by 8.7% during the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider's stock valued at $10,907,000 after purchasing an additional 30,582 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Aviat Networks by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider's stock valued at $7,875,000 after purchasing an additional 11,094 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Stock Up 6.3 %

AVNW traded up $1.06 on Thursday, reaching $17.94. The company's stock had a trading volume of 270,631 shares, compared to its average volume of 135,123. Aviat Networks has a 1 year low of $12.95 and a 1 year high of $38.85. The business's 50 day moving average is $17.38 and its 200 day moving average is $23.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.40. The stock has a market cap of $227.66 million, a price-to-earnings ratio of -57.87 and a beta of 1.72.

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

Aviat Networks Company Profile

(Get Free Report

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.

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Analyst Recommendations for Aviat Networks (NASDAQ:AVNW)

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