Aviat Networks, Inc. (NASDAQ:AVNW) Receives $37.60 Average PT from Brokerages

Aviat Networks, Inc. (NASDAQ:AVNW) has been assigned an average rating of “Buy” from the five brokerages that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.60.

A number of equities research analysts have recently weighed in on the company. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Northland Securities reaffirmed an “outperform” rating and set a $30.00 price target (up previously from $27.00) on shares of Aviat Networks in a report on Wednesday, February 5th.

Aviat Networks Stock Performance

Shares of NASDAQ AVNW opened at $19.07 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $20.42 and its two-hundred day moving average price is $19.97. Aviat Networks has a 52-week low of $12.96 and a 52-week high of $38.85. The stock has a market capitalization of $241.88 million, a P/E ratio of -95.35 and a beta of 1.67.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, sell-side analysts forecast that Aviat Networks will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Aviat Networks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVNW. Tieton Capital Management LLC raised its holdings in Aviat Networks by 998.2% during the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider’s stock worth $11,776,000 after purchasing an additional 591,055 shares in the last quarter. First Wilshire Securities Management Inc. acquired a new position in Aviat Networks in the fourth quarter worth approximately $7,483,000. Kennedy Capital Management LLC acquired a new position in Aviat Networks in the fourth quarter worth approximately $6,551,000. First Eagle Investment Management LLC acquired a new position in Aviat Networks in the fourth quarter worth approximately $3,669,000. Finally, Marshall Wace LLP grew its position in Aviat Networks by 475.9% in the fourth quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider’s stock worth $4,166,000 after buying an additional 190,074 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.