Aviat Networks' (AVNW) Outperform Rating Reiterated at Northland Securities

Northland Securities reissued their outperform rating on shares of Aviat Networks (NASDAQ:AVNW - Free Report) in a research report report published on Wednesday,Benzinga reports. They currently have a $30.00 price target on the communications equipment provider's stock, up from their prior price target of $27.00.

Several other brokerages have also recently issued reports on AVNW. StockNews.com cut shares of Aviat Networks from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. Roth Mkm decreased their target price on shares of Aviat Networks from $43.00 to $39.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. JMP Securities restated a "market outperform" rating and issued a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. Finally, Lake Street Capital reduced 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. One equities research 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 presently has an average rating of "Moderate Buy" and an average price target of $37.60.

Aviat Networks Stock Performance

AVNW stock traded down $0.91 during midday trading on Wednesday, hitting $23.66. 277,976 shares of the stock traded hands, compared to its average volume of 208,419. Aviat Networks has a 1-year low of $12.95 and a 1-year high of $38.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.68 and a quick ratio of 1.40. The stock's fifty day simple moving average is $18.58 and its 200-day simple moving average is $21.19. The firm has a market cap of $300.01 million, a P/E ratio of -118.29 and a beta of 1.68.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating the consensus estimate 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, analysts expect that Aviat Networks will post 0.63 earnings per share for the current year.

Institutional Trading of Aviat Networks

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in Aviat Networks in the 4th quarter valued at approximately $34,000. NBC Securities Inc. purchased a new stake in shares of Aviat Networks in the third quarter valued at approximately $62,000. AlphaQuest LLC acquired a new position in Aviat Networks during the fourth quarter worth $133,000. Dynamic Technology Lab Private Ltd purchased a new position in Aviat Networks in the third quarter worth $263,000. Finally, BNP Paribas Financial Markets raised its position in Aviat Networks by 635.0% in the third quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider's stock worth $308,000 after acquiring an additional 12,306 shares in the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.

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.