Aviat Networks (NASDAQ:AVNW) Stock Price Passes Above Two Hundred Day Moving Average of $32.13

Aviat Networks, Inc. (NASDAQ:AVNW) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $32.13 and traded as high as $33.42. Aviat Networks shares last traded at $33.18, with a volume of 58,249 shares traded.

Analysts Set New Price Targets

Several research analysts have recently commented on AVNW shares. JMP Securities reissued a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research report on Monday, February 5th. B. Riley reduced their price target on Aviat Networks from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th. Finally, StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.75.

Aviat Networks Stock Up 1.0 %

The company has a 50-day moving average of $35.27 and a 200-day moving average of $32.13. The company has a market capitalization of $416.41 million, a price-to-earnings ratio of 26.13 and a beta of 1.73. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.19.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. The company had revenue of $95.04 million for the quarter, compared to analyst estimates of $91.85 million. On average, equities analysts predict that Aviat Networks, Inc. will post 3.01 earnings per share for the current fiscal year.

Institutional Trading of Aviat Networks

Several large investors have recently added to or reduced their stakes in AVNW. SG Americas Securities LLC purchased a new stake in Aviat Networks during the 3rd quarter valued at about $149,000. Tectonic Advisors LLC grew its stake in Aviat Networks by 6.5% during the 3rd quarter. Tectonic Advisors LLC now owns 34,176 shares of the communications equipment provider’s stock valued at $1,066,000 after purchasing an additional 2,082 shares during the last quarter. Trellus Management Company LLC grew its stake in Aviat Networks by 14.5% during the 3rd quarter. Trellus Management Company LLC now owns 31,500 shares of the communications equipment provider’s stock valued at $983,000 after purchasing an additional 4,000 shares during the last quarter. LSV Asset Management grew its stake in Aviat Networks by 12.8% during the 3rd quarter. LSV Asset Management now owns 367,691 shares of the communications equipment provider’s stock valued at $11,472,000 after purchasing an additional 41,850 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Aviat Networks during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Company Profile

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.