Aviat Networks (NASDAQ:AVNW) Receives “Sell (D)” Rating from Weiss Ratings

Weiss Ratings reaffirmed their sell (d) rating on shares of Aviat Networks (NASDAQ:AVNW) in a research note released on Tuesday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Aviat Networks from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Aviat Networks Trading Up 5.7%

NASDAQ:AVNW opened at $22.74 on Tuesday. Aviat Networks has a 1 year low of $12.95 and a 1 year high of $26.83. The stock has a market cap of $291.07 million, a price-to-earnings ratio of 284.29 and a beta of 1.61. The business has a fifty day moving average of $22.63 and a 200-day moving average of $21.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.35 and a current ratio of 1.64.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings results on Thursday, December 7th. The communications equipment provider reported $0.75 earnings per share (EPS) for the quarter. The company had revenue of $81.25 million during the quarter. Aviat Networks had a return on equity of 5.77% and a net margin of 0.31%. Equities analysts predict that Aviat Networks will post 0.5 earnings per share for the current year.

Insider Activity at Aviat Networks

In other news, SVP Gary Croke sold 6,742 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $22.41, for a total transaction of $151,088.22. Following the completion of the sale, the senior vice president directly owned 45,159 shares of the company’s stock, valued at $1,012,013.19. This represents a 12.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Aviat Networks

Several hedge funds have recently modified their holdings of the stock. Royce & Associates LP lifted its holdings in shares of Aviat Networks by 5.5% during the first quarter. Royce & Associates LP now owns 680,459 shares of the communications equipment provider’s stock valued at $13,044,000 after purchasing an additional 35,580 shares during the last quarter. First Wilshire Securities Management Inc. lifted its holdings in shares of Aviat Networks by 22.2% during the second quarter. First Wilshire Securities Management Inc. now owns 531,398 shares of the communications equipment provider’s stock valued at $12,780,000 after purchasing an additional 96,367 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Aviat Networks by 29.4% during the second quarter. Kennedy Capital Management LLC now owns 421,663 shares of the communications equipment provider’s stock valued at $10,141,000 after purchasing an additional 95,884 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Aviat Networks by 15.1% during the second quarter. First Eagle Investment Management LLC now owns 378,549 shares of the communications equipment provider’s stock valued at $9,104,000 after purchasing an additional 49,642 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Aviat Networks during the first quarter valued at $3,783,000. 78.62% of the stock is owned by hedge funds and other 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.