Aviat Networks' (AVNW) Sell (D) Rating Reiterated at Weiss Ratings

Key Points

• Aviat Networks has had its "sell (d)" rating reiterated by Weiss Ratings, indicating a bearish outlook from the research firm.
• Despite the sell rating from Weiss, Wall Street Zen upgraded Aviat Networks from a "hold" to a "buy" rating following their analysis.
• Shares of Aviat Networks traded up 3.2%, reaching $22.22, with a market capitalization of approximately $284.35 million.

Aviat Networks (NASDAQ:AVNW - Get Free Report)'s stock had its "sell (d)" rating restated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Aviat Networks from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

Aviat Networks Stock Up 3.2%

Shares of AVNW stock traded up $0.70 on Tuesday, reaching $22.22. 23,215 shares of the company's stock traded hands, compared to its average volume of 121,077. Aviat Networks has a 12-month low of $12.95 and a 12-month high of $26.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.35 and a current ratio of 1.64. The company has a market capitalization of $284.35 million, a P/E ratio of 276.53 and a beta of 1.61. The business's 50 day moving average price is $22.60 and its two-hundred day moving average price is $21.55.

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

Insider Transactions at Aviat Networks

In related news, SVP Gary Croke sold 6,742 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $22.41, for a total value of $151,088.22. Following the completion of the sale, the senior vice president directly owned 45,159 shares in the company, valued at approximately $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 accessible through this link. Corporate insiders own 5.30% of the company's stock.

Institutional Trading of Aviat Networks

Several large investors have recently made changes to their positions in AVNW. GAMMA Investing LLC boosted its position in Aviat Networks by 36.9% during the first quarter. GAMMA Investing LLC now owns 2,592 shares of the communications equipment provider's stock worth $50,000 after purchasing an additional 699 shares during the period. Pacific Ridge Capital Partners LLC bought a new stake in shares of Aviat Networks during the 1st quarter worth $3,120,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Aviat Networks during the 1st quarter worth $632,000. US Bancorp DE bought a new stake in shares of Aviat Networks during the 1st quarter worth $82,000. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Aviat Networks during the first quarter valued at about $425,000. Institutional investors own 78.62% of the company's stock.

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.

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