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

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 765,200 shares, a growth of 13.3% from the January 15th total of 675,200 shares. Based on an average daily volume of 255,000 shares, the short-interest ratio is currently 3.0 days.

Aviat Networks Stock Up 1.3 %

Shares of AVNW stock traded up $0.29 during mid-day trading on Wednesday, hitting $22.13. 152,292 shares of the stock traded hands, compared to its average volume of 203,403. 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 stock has a market cap of $280.61 million, a P/E ratio of -110.64 and a beta of 1.68. Aviat Networks has a 52-week low of $12.95 and a 52-week high of $38.85. The stock's fifty day moving average is $19.41 and its two-hundred day moving average is $20.78.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Aviat Networks will post 0.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Northland Securities reiterated an "outperform" rating and issued a $30.00 target price (up previously from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. Lake Street Capital lowered their price objective on Aviat Networks from $45.00 to $27.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Roth Mkm decreased 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. Finally, StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.60.

Institutional Trading of Aviat Networks

Several institutional investors and hedge funds have recently bought and sold shares of AVNW. AWM Investment Company Inc. increased its position in shares of Aviat Networks by 1.8% in the fourth quarter. AWM Investment Company Inc. now owns 138,806 shares of the communications equipment provider's stock valued at $2,514,000 after buying an additional 2,418 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Aviat Networks by 32.3% during the 4th quarter. Squarepoint Ops LLC now owns 75,080 shares of the communications equipment provider's stock worth $1,360,000 after purchasing an additional 18,328 shares during the period. Graham Capital Management L.P. purchased a new position in Aviat Networks in the 4th quarter valued at approximately $214,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of Aviat Networks in the 4th quarter valued at $1,870,000. Finally, Bridgeway Capital Management LLC acquired a new stake in Aviat Networks during the 4th quarter worth $505,000. 78.62% of the stock is currently owned by institutional investors and hedge funds.

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.