Aviat Networks, Inc. (NASDAQ:AVNW – Get Rating) CEO Pete A. Smith purchased 1,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were purchased at an average cost of $29.83 per share, with a total value of $29,830.00. Following the transaction, the chief executive officer now directly owns 192,918 shares in the company, valued at $5,754,743.94. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Aviat Networks Price Performance
Aviat Networks stock opened at $30.23 on Tuesday. The stock has a market cap of $345.86 million, a P/E ratio of 28.52 and a beta of 1.65. Aviat Networks, Inc. has a 1 year low of $21.15 and a 1 year high of $39.80. The firm’s 50 day moving average price is $33.09 and its 200-day moving average price is $32.60.
Analyst Ratings Changes
Several brokerages have commented on AVNW. JMP Securities restated a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a report on Monday, March 13th. B. Riley increased their price target on shares of Aviat Networks from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Finally, StockNews.com downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.67.
Institutional Investors Weigh In On Aviat Networks
About Aviat Networks
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.
- Get a free copy of the StockNews.com research report on Aviat Networks (AVNW)
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