Aviat Networks, Inc. (NASDAQ:AVNW) Short Interest Update

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 516,500 shares, an increase of 9.5% from the November 15th total of 471,500 shares. Based on an average trading volume of 225,700 shares, the short-interest ratio is presently 2.3 days.

Aviat Networks Price Performance

Shares of AVNW stock traded up $0.23 during trading on Friday, hitting $18.12. The company had a trading volume of 314,696 shares, compared to its average volume of 131,063. Aviat Networks has a 52 week low of $12.95 and a 52 week high of $38.85. The stock has a market capitalization of $229.94 million, a price-to-earnings ratio of -58.45 and a beta of 1.72. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. The stock's 50-day moving average is $18.37 and its two-hundred day moving average is $24.05.

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

Insiders Place Their Bets

In other news, 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 acquired at an average cost of $14.13 per share, with a total value of $42,390.00. Following the transaction, the chief executive officer now directly owns 298,539 shares of the company's stock, valued at approximately $4,218,356.07. This represents a 1.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Connaway bought 3,500 shares of the stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the chief financial officer now directly owns 57,893 shares of the company's stock, valued at $818,028.09. This trade represents a 6.43 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 7,400 shares of company stock worth $106,110. Company insiders own 4.10% of the company's stock.

Institutional Trading of Aviat Networks

Several hedge funds and other institutional investors have recently bought and sold shares of AVNW. Royce & Associates LP increased its stake in Aviat Networks by 8.5% in the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider's stock worth $15,063,000 after purchasing an additional 54,339 shares during the period. Hodges Capital Management Inc. raised its holdings in Aviat Networks by 27.3% in the third quarter. Hodges Capital Management Inc. now owns 465,483 shares of the communications equipment provider's stock worth $10,068,000 after purchasing an additional 99,948 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Aviat Networks by 1.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider's stock valued at $12,208,000 after acquiring an additional 7,968 shares during the period. Select Equity Group L.P. lifted its holdings in shares of Aviat Networks by 8.7% during the second 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 during the last quarter. Finally, State Street Corp raised its stake in Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider's stock valued at $5,141,000 after buying an additional 3,855 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AVNW. JMP Securities restated a "market outperform" rating and issued a $50.00 target price on shares of Aviat Networks in a report on Tuesday, October 8th. Roth Mkm decreased their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Northland Securities lowered their target price on Aviat Networks from $40.00 to $35.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 8th. Lake Street Capital lowered their price target on shares of 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, StockNews.com lowered Aviat Networks from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Aviat Networks currently has an average 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.