Aviat Networks, Inc. (NASDAQ:AVNW) Given Average Rating of “Buy” by Analysts

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have been assigned a consensus rating of “Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.60.

A number of equities analysts recently commented 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 report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW opened at $18.96 on Tuesday. The stock has a market cap of $240.49 million, a PE ratio of -94.80 and a beta of 1.67. The company’s fifty day moving average is $20.36 and its 200 day moving average is $20.16. Aviat Networks has a 52 week low of $12.96 and a 52 week high of $38.85. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 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%. Research analysts anticipate that Aviat Networks will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Aviat Networks

Hedge funds have recently modified their holdings of the company. Barclays PLC increased its position in shares of Aviat Networks by 298.0% in the third quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock valued at $344,000 after acquiring an additional 11,926 shares during the period. State Street Corp boosted its stake 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 in the last quarter. GAMMA Investing LLC bought a new stake in shares of Aviat Networks during the 4th quarter valued at about $34,000. Jane Street Group LLC boosted its stake in shares of Aviat Networks by 59.1% during the 3rd quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider’s stock valued at $535,000 after purchasing an additional 9,186 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Aviat Networks by 8.5% during the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock valued at $15,063,000 after purchasing an additional 54,339 shares in the last quarter. Hedge funds and other institutional investors 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.