Aviat Networks (NASDAQ:AVNW) Issues Quarterly Earnings Results, Beats Estimates By $0.57 EPS

Aviat Networks (NASDAQ:AVNW - Get Free Report) posted its quarterly earnings results on Tuesday. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.09 by $0.57, Zacks reports. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Aviat Networks updated its FY 2025 guidance to EPS.

Aviat Networks Price Performance

Shares of AVNW traded down $0.91 during mid-day trading on Friday, reaching $23.66. 277,976 shares of the company's stock were exchanged, compared to its average volume of 208,419. The company has a quick ratio of 1.40, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. Aviat Networks has a 52-week low of $12.95 and a 52-week high of $38.85. The company has a market cap of $300.01 million, a price-to-earnings ratio of -118.29 and a beta of 1.68. The company has a 50-day simple moving average of $18.58 and a two-hundred day simple moving average of $21.19.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AVNW shares. Northland Securities restated an "outperform" rating and set a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research report on Wednesday. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday. Roth Mkm decreased their price target 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. Finally, Lake Street Capital dropped their price objective on Aviat Networks from $45.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.60.

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.