StockNews.com Initiates Coverage on Aviat Networks (NASDAQ:AVNW)

Investment analysts at StockNews.com started coverage on shares of Aviat Networks (NASDAQ:AVNW – Get Rating) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the communications equipment provider’s stock.

Other equities analysts also recently issued research reports about the stock. JMP Securities reissued a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a report on Monday, March 13th. B. Riley boosted their price target on shares of Aviat Networks from $57.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Aviat Networks currently has a consensus rating of “Buy” and a consensus target price of $57.67.

Aviat Networks Stock Performance

Shares of AVNW opened at $34.25 on Thursday. Aviat Networks has a 1 year low of $23.88 and a 1 year high of $39.80. The company has a market cap of $390.45 million, a price-to-earnings ratio of 29.53 and a beta of 1.67. The firm has a fifty day moving average of $34.10 and a 200-day moving average of $31.73.

Institutional Investors Weigh In On Aviat Networks

Institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new stake in Aviat Networks in the third quarter worth about $25,000. State of Wyoming lifted its holdings in Aviat Networks by 124.2% in the fourth quarter. State of Wyoming now owns 1,919 shares of the communications equipment provider’s stock worth $60,000 after purchasing an additional 1,063 shares during the period. Barclays PLC lifted its holdings in Aviat Networks by 542.3% in the fourth quarter. Barclays PLC now owns 3,006 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 2,538 shares during the period. Lazard Asset Management LLC lifted its holdings in Aviat Networks by 2,982.7% in the second quarter. Lazard Asset Management LLC now owns 3,021 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 2,923 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Aviat Networks in the third quarter worth about $86,000. Institutional investors and hedge funds own 68.93% of the company’s stock.

Aviat Networks Company Profile

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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.