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

Aviat Networks, Inc. (NASDAQ:AVNW) has been assigned a consensus rating of “Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $37.60.

A number of brokerages recently commented on AVNW. Northland Securities restated an “outperform” rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. StockNews.com upgraded 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

Several institutional investors have recently modified their holdings of the business. Tieton Capital Management LLC lifted its position 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 valued at $11,776,000 after purchasing an additional 591,055 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of Aviat Networks by 20.9% in the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock worth $10,190,000 after buying an additional 97,227 shares during the period. First Wilshire Securities Management Inc. purchased a new stake in Aviat Networks in the 4th quarter valued at about $7,483,000. JPMorgan Chase & Co. grew its stake in Aviat Networks by 3.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock worth $7,875,000 after acquiring an additional 11,094 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in Aviat Networks during the 4th quarter worth $6,551,000. 78.62% of the stock is owned by hedge funds and other institutional investors.

Aviat Networks Trading Up 9.7 %

Shares of AVNW stock opened at $17.88 on Friday. 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 company has a market capitalization of $226.79 million, a price-to-earnings ratio of -89.40 and a beta of 1.57. Aviat Networks has a 52-week low of $12.96 and a 52-week high of $35.46. The company has a 50-day simple moving average of $20.31 and a two-hundred day simple moving average of $19.20.

Aviat Networks (NASDAQ:AVNW) last released its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Research analysts anticipate 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.