Aviat Networks, Inc. (NASDAQ:AVNW) Sees Significant Growth in Short Interest

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 544,000 shares, an increase of 31.7% from the September 30th total of 413,100 shares. Based on an average trading volume of 135,200 shares, the days-to-cover ratio is presently 4.0 days.

Analyst Ratings Changes

AVNW has been the subject of a number of research reports. StockNews.com lowered shares of Aviat Networks from a "buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Lake Street Capital lowered their price objective on shares of Aviat Networks from $51.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, October 8th. Northland Securities lowered their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an "outperform" rating for the company in a research note on Tuesday, October 8th. JMP Securities reissued a "market outperform" rating and set a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. Finally, B. Riley decreased their price target on shares of Aviat Networks from $55.00 to $42.00 and set a "buy" rating for the company in a research report on Friday, September 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Aviat Networks Stock Down 1.2 %

Shares of AVNW stock traded down $0.25 during mid-day trading on Friday, hitting $20.66. 77,016 shares of the stock traded hands, compared to its average volume of 175,239. The stock has a market cap of $261.97 million, a P/E ratio of 21.30 and a beta of 1.80. The stock's fifty day moving average is $23.61 and its two-hundred day moving average is $27.80. Aviat Networks has a 52-week low of $18.00 and a 52-week high of $38.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.85 and a quick ratio of 1.57.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last released its quarterly earnings results on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. Aviat Networks had a net margin of 2.89% and a return on equity of 13.47%. The business had revenue of $116.66 million during the quarter. Equities analysts predict that Aviat Networks will post 2.08 EPS for the current year.

Hedge Funds Weigh In On Aviat Networks

Hedge funds have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in shares of Aviat Networks during the second quarter valued at about $29,000. NBC Securities Inc. acquired a new position in shares of Aviat Networks during the third quarter valued at about $62,000. BNP Paribas Financial Markets increased its holdings in shares of Aviat Networks by 84.8% during the first quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider's stock valued at $210,000 after acquiring an additional 2,513 shares in the last quarter. Covestor Ltd increased its holdings in Aviat Networks by 309.8% in the 1st quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider's stock worth $228,000 after buying an additional 4,486 shares during the period. Finally, Truvestments Capital LLC increased its holdings in Aviat Networks by 26.2% in the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider's stock worth $408,000 after buying an additional 2,213 shares during the period. Institutional investors and hedge funds own 78.62% of the company's stock.

About Aviat Networks

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.