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

Shares of Aviat Networks Inc (NASDAQ:AVNW) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price target of $20.00 for the company and are anticipating that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Aviat Networks an industry rank of 87 out of 255 based on the ratings given to its competitors.

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Zacks Investment Research lowered shares of Aviat Networks from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 12th. Finally, Northland Securities assumed coverage on shares of Aviat Networks in a research note on Wednesday, December 4th. They issued an “outperform” rating and a $20.00 price objective on the stock.

A hedge fund recently raised its stake in Aviat Networks stock. Acadian Asset Management LLC lifted its holdings in shares of Aviat Networks Inc (NASDAQ:AVNW) by 139.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,595 shares of the communications equipment provider’s stock after acquiring an additional 12,004 shares during the period. Acadian Asset Management LLC owned 0.38% of Aviat Networks worth $289,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 50.09% of the company’s stock.

NASDAQ:AVNW traded up $0.56 during trading hours on Monday, reaching $8.27. The company had a trading volume of 26,600 shares, compared to its average volume of 19,344. Aviat Networks has a twelve month low of $7.10 and a twelve month high of $16.53. The firm has a market cap of $40.86 million, a price-to-earnings ratio of 7.08 and a beta of 0.84. The business’s 50-day simple moving average is $11.53 and its two-hundred day simple moving average is $13.46. The company has a quick ratio of 1.24, a current ratio of 1.39 and a debt-to-equity ratio of 0.04.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.31). Aviat Networks had a net margin of 2.82% and a return on equity of 4.05%. The business had revenue of $56.00 million during the quarter. As a group, equities analysts predict that Aviat Networks will post 1.01 earnings per share for the current year.

About Aviat Networks

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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