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

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have received an average recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $37.60.

Several research firms have weighed in on AVNW. Northland Securities reiterated an “outperform” rating and set a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th.

Institutional Investors Weigh In On Aviat Networks

A number of institutional investors have recently modified their holdings of AVNW. GAMMA Investing LLC acquired a new stake in shares of Aviat Networks in the 4th quarter valued at $34,000. Aquatic Capital Management LLC acquired a new stake in shares of Aviat Networks in the 4th quarter valued at $106,000. AlphaQuest LLC acquired a new stake in shares of Aviat Networks in the 4th quarter valued at $133,000. Quantbot Technologies LP acquired a new stake in shares of Aviat Networks in the 4th quarter valued at $156,000. Finally, Truvestments Capital LLC lifted its stake in shares of Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 794 shares during the last quarter. Institutional investors and hedge funds own 78.62% of the company’s stock.

Aviat Networks Trading Up 3.5 %

Aviat Networks stock opened at $19.07 on Tuesday. Aviat Networks has a 1 year low of $12.96 and a 1 year high of $38.85. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The firm has a market cap of $241.88 million, a price-to-earnings ratio of -95.35 and a beta of 1.67. The firm’s 50 day moving average price is $20.42 and its two-hundred day moving average price is $19.97.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping the consensus estimate 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%. On average, research analysts predict that Aviat Networks will post 0.5 EPS for the current fiscal year.

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.