Analysts Set Aviat Networks, Inc. (NASDAQ:AVNW) Price Target at $37.60

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have received a consensus rating of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $37.60.

Several analysts recently issued reports on AVNW shares. StockNews.com raised Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Northland Securities reiterated an “outperform” rating and issued a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th.

Aviat Networks Stock Performance

NASDAQ AVNW opened at $18.51 on Wednesday. The firm has a market cap of $234.78 million, a price-to-earnings ratio of -92.55 and a beta of 1.57. The company has a 50-day simple moving average of $18.59 and a two-hundred day simple moving average of $18.71. The company has a quick ratio of 1.37, a current ratio of 1.68 and a debt-to-equity ratio of 0.29. Aviat Networks has a 12-month low of $12.96 and a 12-month high of $32.13.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. On average, equities analysts forecast that Aviat Networks will post 0.5 EPS for the current year.

Institutional Trading of Aviat Networks

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Aviat Networks in the 4th quarter valued at approximately $34,000. Aquatic Capital Management LLC purchased a new position in Aviat Networks during the fourth quarter valued at $106,000. AlphaQuest LLC purchased a new position in Aviat Networks during the fourth quarter valued at $133,000. Quantbot Technologies LP bought a new stake in shares of Aviat Networks during the 4th quarter valued at $156,000. Finally, Truvestments Capital LLC grew its position in shares of Aviat Networks by 8.0% in the 4th quarter. Truvestments Capital LLC now owns 10,723 shares of the communications equipment provider’s stock worth $194,000 after buying an additional 794 shares during the period. 78.62% of the stock is owned by institutional investors.

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.