Aviat Networks, Inc. provides wireless transport solutions worldwide. It offers a comprehensive suite of products and localized professional and support services enabling customers to simplify their networks and lives. The company's products and solutions include wireless transmission systems for microwave and millimeter wave networking applications. It serves communications service providers and private network operators, including state/local government, utility, federal government, and defense organizations. The company markets its products through a direct sales, service, and support organization; indirect sales channels comprising dealers, resellers, and sales representatives; and through online. Aviat Networks, Inc. was incorporated in 2006 and is headquartered in Austin, Texas.
Aviat Networks Price Performance
Shares of AVNW Stock opened at $33.50 on Friday. The company has a market capitalization of $374.20 million, a price-to-earnings ratio of 20.55 and a beta of 1.79. The company's fifty day moving average price is $27.64 and its 200-day moving average price is $28.74. Aviat Networks has a one year low of $23.88 and a one year high of $40.43.
Wall Street Analyst Weigh In
AVNW has been the subject of several recent analyst reports. StockNews.com raised shares of Aviat Networks from a "hold" rating to a "buy" rating in a research note on Thursday, May 5th. Northland Securities lifted their price target on shares of Aviat Networks from $55.00 to $65.00 and gave the company an "outperform" rating in a research report on Tuesday, June 28th.
Insider Transactions at Aviat Networks
In related news, CEO Pete A. Smith sold 2,001 shares of Aviat Networks stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $24.52, for a total value of $49,064.52. Following the completion of the transaction, the chief executive officer now owns 123,185 shares in the company, valued at $3,020,496.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.70% of the company's stock.