Aviat Networks, Inc. (NASDAQ:AVNW) Receives $37.60 Average Price Target from Analysts

Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) has received an average rating of "Buy" from the five analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $37.60.

Several equities analysts have recently issued reports on the company. Northland Securities reiterated an "outperform" rating and set a $30.00 price target (up from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com upgraded shares of Aviat Networks from a "sell" rating to a "hold" rating in a research report on Wednesday, February 5th.

Aviat Networks Stock Performance

AVNW traded up $0.45 during trading hours on Wednesday, hitting $18.96. The company's stock had a trading volume of 25,421 shares, compared to its average volume of 147,458. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29. Aviat Networks has a fifty-two week low of $12.96 and a fifty-two week high of $32.13. The company has a 50-day simple moving average of $18.59 and a 200 day simple moving average of $18.65. The firm has a market capitalization of $240.43 million, a PE ratio of -94.77 and a beta of 1.67.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. As a group, sell-side analysts expect that Aviat Networks will post 0.5 EPS for the current year.

Hedge Funds Weigh In On Aviat Networks

A number of hedge funds and other institutional investors have recently modified their holdings of AVNW. Tieton Capital Management LLC boosted its holdings in shares of Aviat Networks by 998.2% in the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider's stock worth $11,776,000 after buying an additional 591,055 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Aviat Networks by 20.9% in the 4th quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider's stock valued at $10,190,000 after acquiring an additional 97,227 shares in the last quarter. First Wilshire Securities Management Inc. acquired a new position in Aviat Networks in the 4th quarter worth approximately $7,483,000. JPMorgan Chase & Co. raised its stake in Aviat Networks by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider's stock valued at $7,875,000 after purchasing an additional 11,094 shares during the period. Finally, Kennedy Capital Management LLC purchased a new stake in shares of Aviat Networks in the fourth quarter valued at $6,551,000. Institutional investors and hedge funds 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.