Aviat Networks (NASDAQ:AVNW) Stock Rating Upgraded by StockNews.com

Aviat Networks (NASDAQ:AVNW - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Wednesday.

A number of other brokerages also recently issued reports on AVNW. Roth Mkm lowered their price target on shares of Aviat Networks from $43.00 to $39.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Northland Securities reiterated an "outperform" rating and issued a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research note on Wednesday. Lake Street Capital reduced their price target on shares of Aviat Networks from $45.00 to $27.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $50.00 price target on shares of Aviat Networks in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Aviat Networks has an average rating of "Moderate Buy" and a consensus target price of $37.60.

Aviat Networks Stock Performance

Shares of AVNW stock traded down $0.91 on Wednesday, hitting $23.66. 277,976 shares of the stock were exchanged, compared to its average volume of 208,419. The firm's 50 day moving average is $18.58 and its two-hundred day moving average is $21.19. Aviat Networks has a one year low of $12.95 and a one year high of $38.85. The firm has a market capitalization of $300.01 million, a PE ratio of -118.29 and a beta of 1.68. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. Sell-side analysts expect that Aviat Networks will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Aviat Networks

A number of institutional investors have recently made changes to their positions in the stock. Hotchkis & Wiley Capital Management LLC grew its position in Aviat Networks by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider's stock worth $2,148,000 after acquiring an additional 1,100 shares in the last quarter. GAMMA Investing LLC bought a new stake in Aviat Networks during the fourth quarter worth about $34,000. NBC Securities Inc. purchased a new position in shares of Aviat Networks in the 3rd quarter worth about $62,000. State Street Corp increased its position in shares of Aviat Networks by 1.6% during the 3rd quarter. State Street Corp now owns 237,689 shares of the communications equipment provider's stock valued at $5,141,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of Aviat Networks by 8.6% during the 3rd quarter. Tectonic Advisors LLC now owns 59,621 shares of the communications equipment provider's stock valued at $1,290,000 after buying an additional 4,715 shares in the last quarter. Institutional investors 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.