Aviat Networks (NASDAQ:AVNW) Issues Earnings Results

Key Points

• Aviat Networks reported earnings of $0.72 EPS for the quarter, significantly exceeding the consensus estimate of $0.29 EPS by $0.43.
• The company's stock experienced a slight increase, trading at $22.69, with a market capitalization of $288.96 million.
• Insider transactions included SVP Gary Croke selling 6,742 shares and VP Erin Boase selling 5,634 shares, indicating notable shifts in insider ownership.

Aviat Networks (NASDAQ:AVNW - Get Free Report) released its quarterly earnings data on Wednesday. The communications equipment provider reported $0.72 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.43, Zacks reports. Aviat Networks had a net margin of 0.31% and a return on equity of 5.77%. The business had revenue of $115.34 million during the quarter, compared to analysts' expectations of $114.07 million. Aviat Networks updated its FY 2026 guidance to EPS.

Aviat Networks Stock Down 6.5%

NASDAQ AVNW traded down $1.66 during trading hours on Friday, hitting $23.91. 158,386 shares of the company traded hands, compared to its average volume of 117,343. The business's 50-day moving average is $22.79 and its 200-day moving average is $21.09. Aviat Networks has a twelve month low of $12.95 and a twelve month high of $26.83. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.64. The stock has a market capitalization of $304.49 million, a price-to-earnings ratio of 298.91 and a beta of 1.59.

Insider Activity at Aviat Networks

In related news, SVP Gary Croke sold 6,742 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $22.41, for a total transaction of $151,088.22. Following the completion of the transaction, the senior vice president directly owned 45,159 shares of the company's stock, 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 hyperlink. Also, VP Erin Boase sold 5,634 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $25.00, for a total value of $140,850.00. Following the transaction, the vice president directly owned 22,290 shares of the company's stock, valued at $557,250. This trade represents a 20.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,343 shares of company stock valued at $406,913 over the last three months. Insiders own 4.10% of the company's stock.

Institutional Trading of Aviat Networks

Several institutional investors and hedge funds have recently bought and sold shares of AVNW. Royal Bank of Canada raised its stake in Aviat Networks by 290.7% in the first quarter. Royal Bank of Canada now owns 40,874 shares of the communications equipment provider's stock valued at $783,000 after buying an additional 30,413 shares during the period. AQR Capital Management LLC increased its stake in shares of Aviat Networks by 20.6% during the first quarter. AQR Capital Management LLC now owns 84,954 shares of the communications equipment provider's stock worth $1,629,000 after purchasing an additional 14,498 shares during the period. Boothbay Fund Management LLC increased its stake in shares of Aviat Networks by 29.4% during the second quarter. Boothbay Fund Management LLC now owns 52,341 shares of the communications equipment provider's stock worth $1,259,000 after purchasing an additional 11,880 shares during the period. PDT Partners LLC bought a new position in shares of Aviat Networks during the second quarter worth approximately $233,000. Finally, Jane Street Group LLC increased its stake in shares of Aviat Networks by 6.9% during the first quarter. Jane Street Group LLC now owns 26,070 shares of the communications equipment provider's stock worth $500,000 after purchasing an additional 1,683 shares during the period. Institutional investors own 78.62% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Aviat Networks from a "hold" rating to a "buy" rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $36.50.

About Aviat Networks

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.