Aviat Networks (NASDAQ:AVNW) Posts Quarterly 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) posted its quarterly earnings results on Wednesday. The communications equipment provider reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.43, Zacks reports. Aviat Networks had a return on equity of 5.77% and a net margin of 0.31%.The company had revenue of $115.34 million for the quarter, compared to analysts' expectations of $114.07 million. Aviat Networks updated its FY 2026 guidance to EPS.

Aviat Networks Trading Up 0.9%

Shares of NASDAQ AVNW traded up $0.22 during trading hours on Monday, hitting $24.13. 128,623 shares of the company traded hands, compared to its average volume of 118,012. The stock has a market capitalization of $307.17 million, a price-to-earnings ratio of 301.66 and a beta of 1.59. The company has a current ratio of 1.64, a quick ratio of 1.35 and a debt-to-equity ratio of 0.26. The company's 50 day moving average price is $22.79 and its 200 day moving average price is $21.11. Aviat Networks has a 12 month low of $12.95 and a 12 month high of $26.83.

Wall Street Analyst Weigh In

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

Insider Activity at Aviat Networks

In related news, SVP Gary Croke sold 6,742 shares of the business's stock in a transaction 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 owned 45,159 shares in the company, valued at $1,012,013.19. The trade was a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Erin Boase sold 5,634 shares of the business's stock in a transaction 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 owned 22,290 shares of the company's stock, valued at approximately $557,250. The trade was a 20.18% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,343 shares of company stock worth $406,913. Corporate insiders own 4.10% of the company's stock.

Hedge Funds Weigh In On Aviat Networks

A number of large investors have recently bought and sold shares of AVNW. Raymond James Financial Inc. purchased a new position in Aviat Networks during the 2nd quarter valued at $28,000. Comerica Bank boosted its holdings in Aviat Networks by 40.2% during the 1st quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock valued at $52,000 after acquiring an additional 780 shares during the period. PDT Partners LLC purchased a new position in Aviat Networks during the 2nd quarter valued at $233,000. Rhumbline Advisers lifted its holdings in shares of Aviat Networks by 6.7% in the 2nd quarter. Rhumbline Advisers now owns 18,341 shares of the communications equipment provider's stock worth $441,000 after buying an additional 1,148 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Aviat Networks by 6.9% in the 1st quarter. Jane Street Group LLC now owns 26,070 shares of the communications equipment provider's stock worth $500,000 after buying an additional 1,683 shares during the period. Hedge funds and other institutional investors own 78.62% of the company's stock.

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.