Brokers Issue Forecasts for Aviat Networks FY2027 Earnings

Aviat Networks, Inc. (NASDAQ:AVNW) – Analysts at Northland Securities issued their FY2027 earnings per share estimates for Aviat Networks in a research note issued to investors on Wednesday, February 4th. Northland Securities analyst T. Savageaux anticipates that the communications equipment provider will post earnings of $2.89 per share for the year. The consensus estimate for Aviat Networks’ current full-year earnings is $0.50 per share.

Aviat Networks (NASDAQ:AVNW) last issued its earnings results on Tuesday, February 3rd. The communications equipment provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.48 by $0.06. Aviat Networks had a net margin of 3.27% and a return on equity of 10.71%. The company had revenue of $111.47 million for the quarter, compared to the consensus estimate of $109.67 million.

A number of other research firms have also weighed in on AVNW. B. Riley Financial reiterated a “buy” rating and set a $36.00 target price (up from $35.00) on shares of Aviat Networks in a report on Wednesday. Lake Street Capital reaffirmed a “buy” rating and set a $34.00 price target on shares of Aviat Networks in a research report on Wednesday, November 5th. B. Riley Securities reiterated a “buy” rating and issued a $36.00 price objective (up previously from $35.00) on shares of Aviat Networks in a report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Aviat Networks in a research report on Monday, December 29th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $30.00 target price on shares of Aviat Networks in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.80.

Aviat Networks Price Performance

Shares of Aviat Networks stock opened at $26.36 on Friday. The firm has a market cap of $340.04 million, a PE ratio of 23.54 and a beta of 0.96. Aviat Networks has a 12-month low of $15.80 and a 12-month high of $27.02. The company has a quick ratio of 1.51, a current ratio of 1.85 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $21.76 and its two-hundred day simple moving average is $22.42.

Institutional Investors Weigh In On Aviat Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank lifted its holdings in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock valued at $52,000 after purchasing an additional 780 shares during the last quarter. BNP Paribas Financial Markets increased its position in Aviat Networks by 96.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock valued at $52,000 after buying an additional 1,120 shares in the last quarter. Rhumbline Advisers raised its stake in Aviat Networks by 6.7% during the second quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider’s stock valued at $441,000 after buying an additional 1,148 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Aviat Networks during the second quarter valued at $28,000. Finally, Quarry LP bought a new stake in Aviat Networks in the third quarter worth $27,000. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Insider Buying and Selling at Aviat Networks

In other news, Director Bruce M. Taten sold 3,268 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total transaction of $76,438.52. Following the sale, the director owned 20,391 shares in the company, valued at approximately $476,945.49. The trade was a 13.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Pete A. Smith sold 5,350 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $23.39, for a total transaction of $125,136.50. Following the completion of the transaction, the chief executive officer owned 349,447 shares of the company’s stock, valued at approximately $8,173,565.33. The trade was a 1.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.30% of the stock is owned by corporate insiders.

Aviat Networks Company Profile

Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company’s offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.

Aviat’s core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.