Aviat Networks, Inc. (NASDAQ:AVNW – Get Free Report) CEO Pete A. Smith purchased 1,000 shares of Aviat Networks stock in a transaction dated Monday, May 6th. The shares were bought at an average price of $30.70 per share, with a total value of $30,700.00. Following the completion of the transaction, the chief executive officer now owns 242,199 shares in the company, valued at approximately $7,435,509.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Aviat Networks Price Performance
Aviat Networks stock traded down $0.13 during midday trading on Tuesday, reaching $31.17. 86,904 shares of the company were exchanged, compared to its average volume of 115,487. The firm’s 50-day simple moving average is $34.83 and its 200-day simple moving average is $32.43. Aviat Networks, Inc. has a 1 year low of $25.08 and a 1 year high of $38.85. The company has a market capitalization of $391.50 million, a price-to-earnings ratio of 27.69 and a beta of 1.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12.
Aviat Networks (NASDAQ:AVNW – Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The communications equipment provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $111.61 million during the quarter, compared to analyst estimates of $113.56 million. Aviat Networks had a net margin of 3.54% and a return on equity of 14.54%. During the same period in the prior year, the firm earned $0.61 EPS. On average, analysts anticipate that Aviat Networks, Inc. will post 3.01 EPS for the current year.
Institutional Investors Weigh In On Aviat Networks
Wall Street Analyst Weigh In
Several analysts have weighed in on AVNW shares. B. Riley lowered their target price on Aviat Networks from $59.00 to $55.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. StockNews.com raised shares of Aviat Networks from a “hold” rating to a “buy” rating in a research note on Friday. Finally, JMP Securities restated a “market outperform” rating and set a $50.00 target price on shares of Aviat Networks in a research report on Monday, February 5th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $53.75.
Read Our Latest Research Report on Aviat Networks
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.
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