Aviat Networks, Inc. (NASDAQ:AVNW – Get Free Report) CEO Pete A. Smith bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of $30.70 per share, with a total value of $30,700.00. Following the completion of the transaction, the chief executive officer now directly owns 242,199 shares of the company’s stock, valued at approximately $7,435,509.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Aviat Networks Price Performance
NASDAQ:AVNW opened at $31.26 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.79. Aviat Networks, Inc. has a 1 year low of $25.08 and a 1 year high of $38.85. The firm has a market capitalization of $392.63 million, a price-to-earnings ratio of 27.66 and a beta of 1.78. The business has a 50 day simple moving average of $34.67 and a 200-day simple moving average of $32.46.
Aviat Networks (NASDAQ:AVNW – Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Aviat Networks had a net margin of 3.54% and a return on equity of 14.54%. The firm had revenue of $111.61 million during the quarter, compared to analysts’ expectations of $113.56 million. During the same quarter in the previous year, the firm posted $0.61 EPS. Equities analysts forecast that Aviat Networks, Inc. will post 3.01 EPS for the current year.
Hedge Funds Weigh In On Aviat Networks
Analysts Set New Price Targets
A number of research firms have recently weighed in on AVNW. B. Riley dropped their price objective on Aviat Networks from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. StockNews.com raised Aviat Networks from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, JMP Securities restated a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research note on Monday, February 5th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Aviat Networks currently has a consensus rating of “Buy” and a consensus target price of $53.75.
View Our Latest Stock Report on AVNW
Aviat Networks Company Profile
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.
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