Analysts Set Aviat Networks, Inc. (NASDAQ:AVNW) Target Price at $34.50

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $34.50.

A number of analysts have recently weighed in on AVNW shares. Citizens Jmp reissued a “market outperform” rating and set a $30.00 price objective on shares of Aviat Networks in a research note on Wednesday, February 4th. Zacks Research raised Aviat Networks from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Roth Mkm dropped their price objective on Aviat Networks from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Wall Street Zen raised Aviat Networks from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, B. Riley Financial reaffirmed a “buy” rating and issued a $36.00 price target (up from $35.00) on shares of Aviat Networks in a research note on Wednesday, February 4th.

Insiders Place Their Bets

In related news, SVP Gary Croke sold 6,914 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $26.20, for a total value of $181,146.80. Following the completion of the sale, the senior vice president owned 43,868 shares of the company’s stock, valued at $1,149,341.60. This trade represents a 13.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Pete A. Smith sold 17,086 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $26.33, for a total value of $449,874.38. Following the completion of the sale, the chief executive officer directly owned 358,747 shares of the company’s stock, valued at $9,445,808.51. The trade was a 4.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.30% of the company’s stock.

Institutional Trading of Aviat Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVNW. Western Standard LLC lifted its stake in Aviat Networks by 84.5% in the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider’s stock worth $10,567,000 after acquiring an additional 226,332 shares during the period. Weber Capital Management LLC ADV purchased a new stake in Aviat Networks in the fourth quarter worth $3,099,000. Marshall Wace LLP lifted its stake in Aviat Networks by 140.2% in the fourth quarter. Marshall Wace LLP now owns 226,580 shares of the communications equipment provider’s stock worth $4,844,000 after acquiring an additional 132,262 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in Aviat Networks by 67.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 285,868 shares of the communications equipment provider’s stock worth $6,555,000 after acquiring an additional 115,298 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its stake in Aviat Networks by 34.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 311,254 shares of the communications equipment provider’s stock worth $7,137,000 after acquiring an additional 79,774 shares during the period. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Aviat Networks Stock Performance

NASDAQ:AVNW opened at $22.63 on Tuesday. The firm has a market cap of $291.93 million, a PE ratio of 20.21 and a beta of 0.82. Aviat Networks has a fifty-two week low of $17.04 and a fifty-two week high of $27.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.56 and a current ratio of 1.85. The business has a 50 day moving average price of $23.82 and a 200-day moving average price of $22.90.

Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings data on Tuesday, February 3rd. The communications equipment provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.06. The firm had revenue of $111.47 million during the quarter, compared to analyst estimates of $109.67 million. Aviat Networks had a return on equity of 10.71% and a net margin of 3.27%. Equities research analysts predict that Aviat Networks will post 1.95 earnings per share for the current year.

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.