Aviat Networks' (AVNW) Buy Rating Reaffirmed at B. Riley Financial

Key Points

• B. Riley reaffirmed its Buy rating on Aviat Networks but lowered its price target from $33 to $32, implying about 102% upside from the prior close.
• Analyst sentiment is broadly positive: eight analysts rate the stock Buy, one Hold, and one Sell; the consensus rating is Moderate Buy with a $32.57 target.
• Aviat’s latest quarter fell short of expectations, reporting $0.12 in EPS versus a $0.30 consensus and revenue of $101.97 million versus $103.55 million expected.

Aviat Networks (NASDAQ:AVNW - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at B. Riley Financial in a note issued to investors on Wednesday, Benzinga reports. They currently have a $32.00 price target on the communications equipment provider's stock, down from their previous price target of $33.00. B. Riley Financial's price target would indicate a potential upside of 101.83% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. Citigroup reiterated a "market outperform" rating on shares of Aviat Networks in a research note on Friday, August 28th. Weiss Ratings downgraded Aviat Networks from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 30th. Wall Street Zen upgraded Aviat Networks from a "hold" rating to a "buy" rating in a research note on Saturday, October 3rd. Zacks Research raised Aviat Networks from a "strong sell" rating to a "hold" rating in a research report on Thursday, November 5th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $38.00 price objective (up from $34.00) on shares of Aviat Networks in a research report on Friday, August 28th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Aviat Networks currently has an average rating of "Moderate Buy" and a consensus target price of $32.57.

Aviat Networks Price Performance

Shares of AVNW opened at $15.86 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.66 and a debt-to-equity ratio of 0.33. The company's fifty day simple moving average is $19.75 and its 200 day simple moving average is $21.05. Aviat Networks has a 1-year low of $13.92 and a 1-year high of $27.02. The company has a market cap of $203.90 million, a price-to-earnings ratio of 83.32 and a beta of 0.77.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its quarterly earnings data on Tuesday, November 10th. The communications equipment provider reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.18). The firm had revenue of $101.97 million during the quarter, compared to the consensus estimate of $103.55 million. Aviat Networks had a net margin of 0.58% and a return on equity of 5.85%. On average, research analysts forecast that Aviat Networks will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Aviat Networks

In related news, VP Erin Boase sold 1,347 shares of Aviat Networks stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $19.69, for a total transaction of $26,522.43. Following the completion of the sale, the vice president directly owned 28,275 shares of the company's stock, valued at approximately $556,734.75. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Pete A. Smith sold 14,264 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $19.69, for a total value of $280,858.16. Following the completion of the sale, the chief executive officer owned 367,840 shares of the company's stock, valued at $7,242,769.60. This trade represents a 3.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 16,240 shares of company stock valued at $319,766 over the last 90 days. Company insiders own 5.70% of the company's stock.

Institutional Investors Weigh In On Aviat Networks

Hedge funds and other institutional investors have recently modified their holdings of the company. Tieton Capital Management LLC bought a new position in Aviat Networks during the second quarter worth about $15,017,000. Sei Investments Co. boosted its holdings in Aviat Networks by 122.2% in the 1st quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider's stock valued at $9,775,000 after purchasing an additional 237,761 shares during the period. Squarepoint Ops LLC bought a new stake in Aviat Networks in the 2nd quarter valued at about $1,095,000. Bank of New York Mellon Corp bought a new stake in Aviat Networks in the 2nd quarter valued at about $1,076,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Aviat Networks during the 3rd quarter worth approximately $748,000. Institutional investors and hedge funds own 78.62% of the company's stock.

Aviat Networks News Summary

Here are the key news stories impacting Aviat Networks this week:

• Positive Sentiment: Aviat reported record bookings, and its FY 2027 outlook calls for revenue of $450 million–$475 million and adjusted EBITDA of $50 million–$55 million. The revenue range includes the analyst consensus of $464.2 million. Aviat Networks Q1 2027: Margin Collapse Offset by Record Bookings Aviat outlines FY 2027 guidance
• Negative Sentiment: Q1 FY 2027 EPS was $0.12, well below analyst estimates of roughly $0.30–$0.32 and down from $0.43 a year earlier. Revenue of $101.97 million also missed the $103.55 million estimate. Reports highlighted a sharp margin decline, reinforcing concerns about near-term profitability. Aviat Networks Q1 earnings and revenues miss estimates Aviat Networks releases Q1 2027 financial results

About Aviat Networks

Aviat Networks, Inc. provides wireless networking solutions for communications service providers, government agencies and enterprises. The company specializes in mission-critical connectivity for applications where reliable, high-capacity communications are essential, including telecommunications, public safety, utilities, transportation and defense. Its product portfolio includes microwave and millimeter-wave wireless transmission systems, routers, access and aggregation equipment, network management software and related cybersecurity solutions.

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