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

Aviat Networks, Inc. (NASDAQ:AVNW) has earned an average recommendation of “Buy” from the five analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is $37.60.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC raised its position in Aviat Networks by 59.1% in the 3rd quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider’s stock valued at $535,000 after buying an additional 9,186 shares during the last quarter. Barclays PLC raised its holdings 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 purchasing an additional 11,926 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Aviat Networks by 15.3% in the third quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider’s stock valued at $3,853,000 after purchasing an additional 22,665 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Aviat Networks by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock valued at $7,875,000 after purchasing an additional 11,094 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Aviat Networks during the fourth quarter worth about $34,000. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Up 3.5 %

Aviat Networks stock opened at $19.67 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $249.49 million, a PE ratio of -98.35 and a beta of 1.67. The firm’s fifty day moving average is $18.52 and its 200 day moving average is $18.63. Aviat Networks has a 12-month low of $12.96 and a 12-month high of $32.13.

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

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.