Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.63 and traded as high as $22.86. Aviat Networks shares last traded at $21.46, with a volume of 228,342 shares traded.
Analyst Upgrades and Downgrades
AVNW has been the topic of a number of recent analyst reports. Lake Street Capital cut their price target on Aviat Networks from $45.00 to $27.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Roth Mkm cut their target price 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 upgraded Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Northland Securities reissued an "outperform" rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Aviat Networks has a consensus rating of "Moderate Buy" and a consensus price target of $37.60.
View Our Latest Research Report on Aviat Networks
Aviat Networks Stock Performance
The stock has a market cap of $265.48 million, a P/E ratio of -104.64 and a beta of 1.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.37. The company has a fifty day moving average of $19.93 and a 200 day moving average of $20.59.
Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. On average, equities analysts predict that Aviat Networks, Inc. will post 0.5 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of AVNW. Truvestments Capital LLC grew its holdings in shares of Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider's stock worth $194,000 after acquiring an additional 794 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position 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 period. Geode Capital Management LLC increased its stake in Aviat Networks by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 272,119 shares of the communications equipment provider's stock worth $4,929,000 after purchasing an additional 1,171 shares in the last quarter. Northern Trust Corp raised its holdings in Aviat Networks by 1.3% during the 4th 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 period. Finally, Barclays PLC lifted its stake in Aviat Networks by 9.8% during 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 in the last quarter. Institutional investors own 78.62% of the company's stock.
About Aviat Networks
(
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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