Aviat Networks (AVNW) Set to Announce Quarterly Earnings on Wednesday

Aviat Networks (NASDAQ:AVNW – Get Rating) is set to post its quarterly earnings results after the market closes on Wednesday, February 1st. Analysts expect Aviat Networks to post earnings of $0.73 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Aviat Networks (NASDAQ:AVNW – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The communications equipment provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.07). Aviat Networks had a return on equity of 15.07% and a net margin of 4.41%. The firm had revenue of $81.25 million during the quarter, compared to analyst estimates of $81.30 million. On average, analysts expect Aviat Networks to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Aviat Networks Stock Down 1.4 %

Shares of NASDAQ AVNW opened at $30.57 on Wednesday. The company has a market capitalization of $346.05 million, a PE ratio of 26.82 and a beta of 1.70. The firm has a fifty day simple moving average of $31.22 and a 200 day simple moving average of $30.47. Aviat Networks has a twelve month low of $23.88 and a twelve month high of $35.18.

Institutional Investors Weigh In On Aviat Networks

Several hedge funds and other institutional investors have recently bought and sold shares of AVNW. Bank of New York Mellon Corp grew its stake in shares of Aviat Networks by 5.7% in the 1st quarter. Bank of New York Mellon Corp now owns 64,488 shares of the communications equipment provider’s stock valued at $1,985,000 after buying an additional 3,473 shares during the period. MetLife Investment Management LLC boosted its holdings in Aviat Networks by 58.5% in the first quarter. MetLife Investment Management LLC now owns 5,718 shares of the communications equipment provider’s stock worth $176,000 after acquiring an additional 2,110 shares in the last quarter. Rhumbline Advisers grew its stake in Aviat Networks by 15.4% in the first quarter. Rhumbline Advisers now owns 13,944 shares of the communications equipment provider’s stock valued at $429,000 after acquiring an additional 1,864 shares during the period. BlackRock Inc. increased its holdings in shares of Aviat Networks by 5.7% during the first quarter. BlackRock Inc. now owns 525,162 shares of the communications equipment provider’s stock valued at $16,159,000 after acquiring an additional 28,213 shares in the last quarter. Finally, LSV Asset Management raised its position in shares of Aviat Networks by 5.0% during the first quarter. LSV Asset Management now owns 25,400 shares of the communications equipment provider’s stock worth $782,000 after purchasing an additional 1,200 shares during the period. 68.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on AVNW shares. B. Riley lifted their price objective on Aviat Networks from $56.00 to $57.00 in a research report on Thursday, November 3rd. StockNews.com upgraded Aviat Networks from a “hold” rating to a “buy” rating in a report on Friday, January 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Aviat Networks presently has an average rating of “Buy” and an average price target of $57.33.

About Aviat Networks

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Aviat Networks, Inc engages in the design, manufacture, and sale of wireless network products and solutions. Its product includes wireless transmission networking systems for microwave and millimeter wave networking applications such as microwave routers, microwave switches, and split mount RF unit. It also offers services such as network planning and design, site surveys and construction, systems integration, installation, maintenance, network monitoring, training, and customer services.