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

Aviat Networks, Inc. (NASDAQ:AVNW) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $33.1429.

AVNW has been the topic of several recent research reports. Zacks Research upgraded shares of Aviat Networks from a “strong sell” rating to a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Aviat Networks in a research note on Monday, August 3rd. Northland Securities lifted their price objective on shares of Aviat Networks from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Rafferty Capital Markets assumed coverage on Aviat Networks in a report on Tuesday, June 30th. They issued a “buy” rating and a $36.00 target price for the company. Finally, Citigroup raised Aviat Networks to an “outperform” rating in a research note on Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVNW. Comerica Bank grew its holdings in Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 780 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Aviat Networks by 96.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 1,120 shares during the last quarter. Rhumbline Advisers increased its position in Aviat Networks by 6.7% in the 2nd quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider’s stock worth $441,000 after buying an additional 1,148 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Aviat Networks in the second quarter valued at approximately $28,000. Finally, Quarry LP acquired a new stake in shares of Aviat Networks in the third quarter worth $27,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

Aviat Networks Stock Performance

Shares of Aviat Networks stock opened at $20.83 on Monday. The business has a fifty day simple moving average of $20.90 and a 200-day simple moving average of $21.48. Aviat Networks has a fifty-two week low of $13.92 and a fifty-two week high of $27.02. The firm has a market cap of $269.54 million, a price-to-earnings ratio of 30.19 and a beta of 0.70. The company has a quick ratio of 1.67, a current ratio of 1.99 and a debt-to-equity ratio of 0.36.

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.