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

Shares of Aviat Networks, Inc. (NASDAQ:AVNWGet Free Report) have earned an average recommendation of “Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.60.

Several analysts recently issued reports on AVNW shares. Roth Mkm reduced their price target on Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. JMP Securities reissued a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a research report on Tuesday, October 8th. Lake Street Capital lowered their price target on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Northland Securities cut their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Finally, StockNews.com cut shares of Aviat Networks from a “hold” rating to a “sell” rating in a report on Thursday, November 7th.

View Our Latest Report on Aviat Networks

Insiders Place Their Bets

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

Hedge Funds Weigh In On Aviat Networks

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in Aviat Networks in the fourth quarter valued at about $34,000. NBC Securities Inc. acquired a new stake in shares of Aviat Networks during the 3rd quarter valued at $62,000. Dynamic Technology Lab Private Ltd bought a new stake in Aviat Networks during the 3rd quarter worth $263,000. BNP Paribas Financial Markets increased its holdings in 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 worth $308,000 after purchasing an additional 12,306 shares in the last quarter. Finally, Barclays PLC raised its position in 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 during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Trading Down 0.1 %

Shares of NASDAQ:AVNW opened at $19.47 on Monday. Aviat Networks has a 12-month low of $12.95 and a 12-month high of $38.85. The business has a 50 day moving average of $17.50 and a 200-day moving average of $21.82. 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 $247.07 million, a PE ratio of -62.81 and a beta of 1.69.

About Aviat Networks

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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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Analyst Recommendations for Aviat Networks (NASDAQ:AVNW)

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