B. Riley Financial restated their buy rating on shares of Aviat Networks (NASDAQ:AVNW – Free Report) in a research note released on Wednesday,Benzinga reports. The brokerage currently has a $32.00 price target on the communications equipment provider’s stock, down from their prior price target of $33.00.
Other equities research analysts have also issued reports about the company. Citigroup restated a “market outperform” rating on shares of Aviat Networks in a research report on Friday, August 28th. Weiss Ratings downgraded Aviat Networks from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 30th. Roth Capital reiterated a “buy” rating and issued a $38.00 price objective (up from $34.00) on shares of Aviat Networks in a report on Friday, August 28th. Zacks Research raised Aviat Networks from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 5th. Finally, Wall Street Zen upgraded shares of Aviat Networks from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $32.57.
Check Out Our Latest Report on AVNW
Aviat Networks Stock Performance
Shares of AVNW opened at $16.44 on Wednesday. The company has a 50-day simple moving average of $19.70 and a two-hundred day simple moving average of $21.02. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.97 and a quick ratio of 1.66. The firm has a market capitalization of $211.40 million, a PE ratio of -411.00 and a beta of 0.77. Aviat Networks has a one year low of $13.92 and a one year high of $27.02.
Aviat Networks (NASDAQ:AVNW – Get Free Report) last posted its earnings results on Tuesday, November 10th. The communications equipment provider reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.18). Aviat Networks had a positive return on equity of 4.10% and a negative net margin of 0.10%. The firm had revenue of $101.97 million for the quarter, compared to analysts’ expectations of $103.55 million. On average, analysts anticipate that Aviat Networks will post 2.09 EPS for the current fiscal year.
Insider Activity at Aviat Networks
In related news, VP Erin Boase sold 1,347 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $19.69, for a total value of $26,522.43. Following the sale, the vice president owned 28,275 shares in the company, valued at $556,734.75. This represents a 4.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Pete A. Smith sold 14,264 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $19.69, for a total value of $280,858.16. Following the transaction, the chief executive officer directly owned 367,840 shares of the company’s stock, valued at approximately $7,242,769.60. This trade represents a 3.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,240 shares of company stock valued at $319,766 over the last quarter. Company insiders own 5.70% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its holdings in Aviat Networks by 1,026.8% in the third quarter. Farther Finance Advisors LLC now owns 1,893 shares of the communications equipment provider’s stock worth $38,000 after acquiring an additional 1,725 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Aviat Networks during the first quarter valued at $53,000. Ancora Advisors LLC bought a new position in shares of Aviat Networks during the second quarter valued at $55,000. State of Wyoming purchased a new position in shares of Aviat Networks in the 1st quarter worth about $207,000. Finally, WINTON GROUP Ltd raised its position in shares of Aviat Networks by 6.1% in the 2nd quarter. WINTON GROUP Ltd now owns 12,050 shares of the communications equipment provider’s stock worth $268,000 after purchasing an additional 692 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.
Aviat Networks News Summary
Investors following AVNW have been watching these news items:
- Positive Sentiment: Record bookings were a bright spot in the first-quarter fiscal 2027 report. Aviat forecast fiscal 2027 revenue of $450 million–$475 million and adjusted EBITDA of $50 million–$55 million; the revenue range includes the analyst consensus of $464.2 million. Aviat Networks Q1 2027: Margin Collapse Offset by Record Bookings Aviat fiscal 2027 outlook
- Neutral Sentiment: B. Riley reaffirmed its Buy rating but trimmed its price target to $32 from $33. The revised target still implies substantial upside relative to the cited $16.44 share price, though the reduction tempers the endorsement. B. Riley stock recommendations
- Negative Sentiment: First-quarter adjusted earnings were $0.12 per share, well below estimates of about $0.30–$0.32 and down from $0.43 a year earlier. Revenue of $101.97 million also missed the $103.55 million consensus. Reports highlighted margin deterioration, which can weigh on profitability despite strong bookings. Aviat Networks Q1 earnings and revenues miss estimates
Aviat Networks Company Profile
Aviat Networks, Inc. provides wireless networking solutions for communications service providers, government agencies and enterprises. The company specializes in mission-critical connectivity for applications where reliable, high-capacity communications are essential, including telecommunications, public safety, utilities, transportation and defense. Its product portfolio includes microwave and millimeter-wave wireless transmission systems, routers, access and aggregation equipment, network management software and related cybersecurity solutions.
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