Aviat Networks, Inc. (NASDAQ:AVNW) Given Consensus Recommendation of “Hold” by Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $30.00.

AVNW has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Aviat Networks from a “hold (c)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Sunday, April 26th. Northland Securities reiterated a “market perform” rating and issued a $20.00 target price on shares of Aviat Networks in a research report on Tuesday, May 5th. Citizens Jmp decreased their target price on shares of Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a research note on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AVNW. Pacific Ridge Capital Partners LLC increased its holdings in Aviat Networks by 34.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 311,254 shares of the communications equipment provider’s stock worth $7,137,000 after buying an additional 79,774 shares during the last quarter. Weber Capital Management LLC ADV bought a new stake in Aviat Networks in the fourth quarter worth approximately $3,099,000. Western Standard LLC grew its position in Aviat Networks by 84.5% in the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after acquiring an additional 226,332 shares in the last quarter. White Pine Capital LLC increased its stake in shares of Aviat Networks by 95.4% during the 3rd quarter. White Pine Capital LLC now owns 54,926 shares of the communications equipment provider’s stock worth $1,259,000 after purchasing an additional 26,813 shares during the last quarter. Finally, Acuitas Investments LLC raised its holdings in shares of Aviat Networks by 100.1% during the 3rd quarter. Acuitas Investments LLC now owns 63,377 shares of the communications equipment provider’s stock valued at $1,453,000 after purchasing an additional 31,700 shares in the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

Aviat Networks Price Performance

AVNW opened at $18.79 on Wednesday. The stock has a fifty day moving average of $19.35 and a 200-day moving average of $21.73. The firm has a market capitalization of $243.14 million, a P/E ratio of 27.23 and a beta of 0.74. Aviat Networks has a 12-month low of $13.92 and a 12-month high of $27.02. The company has a quick ratio of 1.67, a current ratio of 1.99 and a debt-to-equity ratio of 0.36.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.36). Aviat Networks had a net margin of 2.08% and a return on equity of 6.89%. The business had revenue of $100.00 million for the quarter, compared to analyst estimates of $106.39 million. Equities analysts forecast that Aviat Networks will post 1.18 EPS for the current fiscal year.

Aviat Networks Company Profile

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.