Aviat Networks (NASDAQ:AVNW) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Aviat Networks, Inc. (NASDAQ:AVNW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.54 and traded as high as $25.70. Aviat Networks shares last traded at $24.72, with a volume of 117,972 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AVNW shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Aviat Networks in a report on Wednesday, February 4th. B. Riley Financial restated 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Aviat Networks in a report on Monday, December 29th. Lake Street Capital reiterated a “buy” rating and issued a $34.00 price objective on shares of Aviat Networks in a research report on Wednesday, November 5th. Finally, Roth Mkm decreased their target price on shares of Aviat Networks from $41.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

Aviat Networks Stock Performance

The firm has a fifty day moving average of $22.38 and a 200-day moving average of $22.54. The company has a quick ratio of 1.56, a current ratio of 1.85 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $318.89 million, a price-to-earnings ratio of 22.07 and a beta of 0.96.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results 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. Aviat Networks had a return on equity of 10.71% and a net margin of 3.27%.The business had revenue of $111.47 million during the quarter, compared to analysts’ expectations of $109.67 million. As a group, sell-side analysts anticipate that Aviat Networks, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling

In related news, SVP Gary Croke sold 6,914 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 43,868 shares of the company’s stock, valued at approximately $1,149,341.60. This represents a 13.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, 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. The disclosure for this sale is available in the SEC filing. Company insiders own 5.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Aviat Networks during the third quarter worth about $27,000. Raymond James Financial Inc. purchased a new stake in Aviat Networks in the 2nd quarter worth approximately $28,000. Potomac Capital Management Inc. acquired a new position in Aviat Networks in the 4th quarter valued at $43,000. Comerica Bank lifted its stake in shares of Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 780 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Aviat Networks by 96.5% during the third quarter. BNP Paribas Financial Markets now owns 2,281 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 1,120 shares during the last quarter. 78.62% of the stock is currently owned by hedge funds and other institutional investors.

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.