Aviat Networks (NASDAQ:AVNW – Get Free Report) was upgraded by research analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, Marketbeat.com reports. The firm currently has a $25.00 target price on the communications equipment provider’s stock. Northland Securities’ target price would indicate a potential upside of 29.07% from the company’s previous close.
Other equities analysts also recently issued reports about the company. Citigroup raised Aviat Networks to an “outperform” rating in a research report on Monday. Zacks Research downgraded Aviat Networks from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Citizens Jmp dropped their target price on Aviat Networks from $30.00 to $25.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 6th. Lake Street Capital set a $31.00 target price on Aviat Networks and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research report on Sunday, April 26th. Six investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.
Check Out Our Latest Report on AVNW
Aviat Networks Price Performance
Aviat Networks (NASDAQ:AVNW – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.36). The business had revenue of $100.00 million for the quarter, compared to analyst estimates of $106.39 million. Aviat Networks had a return on equity of 6.89% and a net margin of 2.08%. Sell-side analysts expect that Aviat Networks will post 1.18 EPS for the current year.
Hedge Funds Weigh In On Aviat Networks
A number of institutional investors and hedge funds have recently made changes to their positions in AVNW. Quarry LP acquired a new position in shares of Aviat Networks during the third quarter worth about $27,000. Raymond James Financial Inc. acquired a new position in shares of Aviat Networks during the second quarter worth about $28,000. Potomac Capital Management Inc. acquired a new position in shares of Aviat Networks during the fourth quarter worth about $43,000. Comerica Bank grew its position in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 780 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Aviat Networks by 96.5% during the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after buying an additional 1,120 shares in the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.
Aviat Networks Company Profile
Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.
Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.
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