Shares of Aviat Networks Inc (NASDAQ:AVNW) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price target of $20.00 for the company and are anticipating that the company will post $0.46 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Aviat Networks an industry rank of 76 out of 255 based on the ratings given to its competitors.
Separately, Northland Securities began coverage on Aviat Networks in a research note on Wednesday. They set an “outperform” rating and a $20.00 price objective on the stock.
Shares of AVNW traded down $0.25 during mid-day trading on Friday, reaching $14.40. 9,053 shares of the stock traded hands, compared to its average volume of 22,522. The stock has a fifty day simple moving average of $14.02 and a 200 day simple moving average of $13.53. The firm has a market cap of $79.50 million, a price-to-earnings ratio of 24.83 and a beta of 0.81. Aviat Networks has a 12-month low of $12.29 and a 12-month high of $16.53. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.04.
Aviat Networks (NASDAQ:AVNW) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.19. The company had revenue of $58.61 million during the quarter. Aviat Networks had a net margin of 4.36% and a return on equity of 9.92%. On average, equities research analysts expect that Aviat Networks will post 1.02 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Aviat Networks stock. BlackRock Inc. boosted its stake in shares of Aviat Networks Inc (NASDAQ:AVNW) by 2.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,254 shares of the communications equipment provider’s stock after purchasing an additional 3,561 shares during the quarter. BlackRock Inc. owned approximately 2.72% of Aviat Networks worth $2,004,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 49.07% of the company’s stock.
Aviat Networks Company Profile
Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.
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