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

Aviat Networks, Inc. (NASDAQ:AVNW) has earned a consensus rating of “Buy” from the five brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $37.60.

Several analysts have issued reports on AVNW shares. Northland Securities reaffirmed an “outperform” rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th.

Hedge Funds Weigh In On Aviat Networks

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its holdings in Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after acquiring an additional 12,306 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Aviat Networks by 1.1% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider’s stock valued at $2,148,000 after purchasing an additional 1,100 shares during the last quarter. State Street Corp increased its stake in shares of Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after purchasing an additional 3,855 shares during the period. Jane Street Group LLC lifted its holdings in 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 worth $535,000 after purchasing an additional 9,186 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in Aviat Networks by 27.3% in the 3rd quarter. Hodges Capital Management Inc. now owns 465,483 shares of the communications equipment provider’s stock valued at $10,068,000 after purchasing an additional 99,948 shares during the period. 78.62% of the stock is owned by institutional investors.

Aviat Networks Price Performance

Shares of NASDAQ AVNW opened at $16.87 on Friday. Aviat Networks has a fifty-two week low of $12.96 and a fifty-two week high of $35.72. The stock has a market capitalization of $213.98 million, a price-to-earnings ratio of -84.35 and a beta of 1.57. 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 business has a 50-day moving average of $20.46 and a 200-day moving average of $19.39.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts predict that Aviat Networks will post 0.5 earnings per share for the current fiscal year.

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.