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

Aviat Networks, Inc. (NASDAQ:AVNW) has received a consensus rating of “Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $37.60.

Several research firms have weighed in on AVNW. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Northland Securities reaffirmed an “outperform” rating and issued a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th.

Aviat Networks Trading Up 3.0 %

Shares of AVNW stock opened at $17.13 on Friday. Aviat Networks has a fifty-two week low of $12.96 and a fifty-two week high of $34.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The stock has a 50 day simple moving average of $20.18 and a two-hundred day simple moving average of $19.12. The company has a market cap of $217.28 million, a P/E ratio of -85.65 and a beta of 1.57.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping the consensus estimate 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%. Research analysts forecast that Aviat Networks will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Aviat Networks

Large investors have recently added to or reduced their stakes in the business. Barclays PLC lifted 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 in the last quarter. State Street Corp increased its position in shares of Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock valued at $5,141,000 after acquiring an additional 3,855 shares during the last quarter. GAMMA Investing LLC bought a new stake in Aviat Networks during the fourth quarter worth $34,000. Jane Street Group LLC boosted its position in Aviat Networks by 59.1% in the third quarter. Jane Street Group LLC now owns 24,737 shares of the communications equipment provider’s stock worth $535,000 after purchasing an additional 9,186 shares during the last quarter. Finally, Hodges Capital Management Inc. boosted its position in Aviat Networks by 20.9% in the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock worth $10,190,000 after purchasing an additional 97,227 shares during the last quarter. Institutional investors own 78.62% of the company’s stock.

About Aviat Networks

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.