Aviat Networks (AVNW) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aviat Networks in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AVNW shares.
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4 brokers have issued 1-year target prices for Aviat Networks' stock. Their AVNW share price forecasts range from $50.00 to $59.00. On average, they expect the company's share price to reach $54.75 in the next twelve months. This suggests a possible upside of 67.3% from the stock's current price.
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Aviat Networks' stock was trading at $31.19 on January 1st, 2023. Since then, AVNW stock has increased by 4.9% and is now trading at $32.72.
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Aviat Networks saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 311,900 shares, a drop of 11.8% from the August 15th total of 353,700 shares. Based on an average trading volume of 64,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 2.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Aviat Networks, Inc. (NASDAQ:AVNW) issued its earnings results on Wednesday, August, 23rd. The communications equipment provider reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by $0.01. The communications equipment provider had revenue of $91.18 million for the quarter, compared to analysts' expectations of $88.78 million. Aviat Networks had a net margin of 3.33% and a trailing twelve-month return on equity of 15.39%.

Shares of Aviat Networks split on Thursday, April 8th 2021. The 2-1 split was announced on Friday, March 5th 2021. The newly created shares were distributed to shareholders after the market closes on Wednesday, April 7th 2021. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

Aviat Networks issued an update on its FY 2024 earnings guidance on Thursday, August, 24th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $367.00 million-$374.00 million, compared to the consensus revenue estimate of $344.40 million.

27 employees have rated Aviat Networks Chief Executive Officer Pete Smith on Glassdoor.com. Pete Smith has an approval rating of 98% among the company's employees. This puts Pete Smith in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Aviat Networks investors own include Applied Materials (AMAT), AbbVie (ABBV), Marvell Technology (MRVL), Enterprise Products Partners (EPD), SITO Mobile (SITO), Advanced Micro Devices (AMD), Exact Sciences (EXAS), FuelCell Energy (FCEL), Matinas BioPharma (MTNB) and AT&T (T).

Aviat Networks trades on the NASDAQ under the ticker symbol "AVNW."

Aviat Networks' stock is owned by a number of institutional and retail investors. Top institutional investors include Paradigm Capital Management Inc. NY (6.57%), Royce & Associates LP (5.30%), BlackRock Inc. (4.65%), LSV Asset Management (2.85%), Driehaus Capital Management LLC (2.79%) and Renaissance Technologies LLC (2.59%). Insiders that own company stock include Bryan Tucker, David M Gray, Erin Boase, James C Stoffel, Pete A Smith, Somesh Singh and Steel Excel Inc.
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Shares of AVNW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AVNW stock can currently be purchased for approximately $32.72.

Aviat Networks (NASDAQ:AVNW) has a market capitalization of $377.59 million and generates $346.59 million in revenue each year. The communications equipment provider earns $11.53 million in net income (profit) each year or $0.95 on an earnings per share basis.

The company employs 685 workers across the globe.

Aviat Networks' mailing address is 860 N. MCCARTHY BLVD SUITE 200, MILPITAS CA, 95035. The official website for the company is www.aviatnetworks.com. The communications equipment provider can be reached via phone at (408) 941-7100, via email at investorinfo@aviatnet.com, or via fax at 512-827-0350.