Aviat Networks, Inc. (NASDAQ:AVNW) Receives $38.60 Consensus Price Target from Brokerages

Aviat Networks, Inc. (NASDAQ:AVNW) has been assigned a consensus rating of “Buy” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $38.60.

A number of brokerages recently commented on AVNW. Roth Mkm dropped their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. B. Riley decreased their price objective on Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a report on Friday, September 13th. Lake Street Capital cut their target price on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Northland Securities decreased their price target on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th.

Insider Transactions at Aviat Networks

In other Aviat Networks news, CEO Pete A. Smith acquired 3,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was purchased at an average price of $14.13 per share, with a total value of $42,390.00. Following the acquisition, the chief executive officer now directly owns 298,539 shares of the company’s stock, valued at approximately $4,218,356.07. This trade represents a 1.02 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Connaway bought 3,500 shares of the stock in a transaction dated Friday, November 8th. The shares were acquired at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the acquisition, the chief financial officer now directly owns 57,893 shares of the company’s stock, valued at approximately $818,028.09. This trade represents a 6.43 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 7,400 shares of company stock worth $106,110 over the last quarter. Company insiders own 4.10% of the company’s stock.

Institutional Trading of Aviat Networks

A number of institutional investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new stake in shares of Aviat Networks during the 2nd quarter worth approximately $29,000. NBC Securities Inc. bought a new stake in Aviat Networks during the third quarter worth $62,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aviat Networks in the 3rd quarter valued at $263,000. BNP Paribas Financial Markets increased its stake in shares of Aviat Networks by 635.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,244 shares of the communications equipment provider’s stock valued at $308,000 after purchasing an additional 12,306 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Aviat Networks by 298.0% during the 3rd quarter. Barclays PLC now owns 15,928 shares of the communications equipment provider’s stock worth $344,000 after buying an additional 11,926 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors.

Aviat Networks Price Performance

Aviat Networks stock opened at $17.82 on Thursday. The business’s 50-day simple moving average is $17.27 and its 200 day simple moving average is $23.20. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. The stock has a market cap of $226.14 million, a price-to-earnings ratio of -57.48 and a beta of 1.72. Aviat Networks has a 12-month low of $12.95 and a 12-month high of $38.85.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. The business had revenue of $116.66 million for the quarter. Aviat Networks had a negative net margin of 0.98% and a positive return on equity of 4.94%. As a group, research analysts anticipate that Aviat Networks will post 1.13 earnings per share for the current year.

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.