Aviat Networks, Inc. (NASDAQ:AVNW) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Aviat Networks has a “Moderate Buy” consensus rating from 10 analysts: eight buys, one hold and one sell. The average 12-month price target is $33.14, versus shares opening at $20.83.
• Recent analyst actions were largely positive, including new buy ratings and $36 price targets from Rafferty Capital Markets and Craig Hallum, while Citizens JMP cut its target to $25 and Wall Street Zen downgraded the stock to hold.
• Institutional investors own 78.62% of Aviat Networks, with several major holders increasing their stakes. The company provides wireless transport and microwave networking solutions for telecom, utilities, government and enterprise customers.

Shares of Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) have been given an average rating of "Moderate Buy" by the ten analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $33.1429.

A number of equities analysts have commented on the company. Citizens Jmp decreased their target price on Aviat Networks from $30.00 to $25.00 and set a "market outperform" rating for the company in a research note on Wednesday, May 6th. Rafferty Capital Markets started coverage on Aviat Networks in a research report on Tuesday, June 30th. They set a "buy" rating and a $36.00 price target on the stock. Citigroup raised Aviat Networks to an "outperform" rating in a report on Monday, June 15th. Craig Hallum initiated coverage on shares of Aviat Networks in a research report on Tuesday, June 30th. They set a "buy" rating and a $36.00 price target for the company. Finally, Wall Street Zen lowered shares of Aviat Networks from a "buy" rating to a "hold" rating in a research note on Sunday, April 26th.

Aviat Networks Price Performance

Shares of NASDAQ AVNW opened at $20.83 on Monday. Aviat Networks has a twelve month low of $13.92 and a twelve month high of $27.02. The company has a current ratio of 1.99, a quick ratio of 1.67 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $269.54 million, a price-to-earnings ratio of 30.19 and a beta of 0.70. The business has a 50 day simple moving average of $20.90 and a 200-day simple moving average of $21.48.

Institutional Trading of Aviat Networks

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Aviat Networks by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 700,233 shares of the communications equipment provider's stock valued at $16,056,000 after acquiring an additional 8,179 shares in the last quarter. Tieton Capital Management LLC bought a new position in shares of Aviat Networks in the second quarter worth $15,017,000. Royce & Associates LP increased its holdings in shares of Aviat Networks by 8.5% during the fourth quarter. Royce & Associates LP now owns 648,235 shares of the communications equipment provider's stock valued at $13,859,000 after purchasing an additional 51,000 shares during the period. First Wilshire Securities Management Inc. increased its holdings in shares of Aviat Networks by 1.0% during the first quarter. First Wilshire Securities Management Inc. now owns 529,533 shares of the communications equipment provider's stock valued at $11,973,000 after purchasing an additional 5,302 shares during the period. Finally, Western Standard LLC raised its stake in shares of Aviat Networks by 84.5% during the fourth quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider's stock valued at $10,567,000 after purchasing an additional 226,332 shares in the last quarter. 78.62% of the stock is currently owned by institutional investors and hedge funds.

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.

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