Aviat Networks (AVNW) Stock Forecast, Price & News

4 Wall Street equities research 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 equities research analysts is that investors should "buy" AVNW shares.
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4 analysts have issued twelve-month price targets for Aviat Networks' stock. Their AVNW share price forecasts range from $50.00 to $65.00. On average, they expect the company's share price to reach $57.67 in the next twelve months. This suggests a possible upside of 83.6% from the stock's current price.
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Aviat Networks' stock was trading at $31.19 at the start of the year. Since then, AVNW shares have increased by 0.7% and is now trading at $31.41.
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Aviat Networks saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 362,500 shares, an increase of 16.0% from the April 30th total of 312,400 shares. Based on an average trading volume of 75,200 shares, the days-to-cover ratio is presently 4.8 days. Currently, 3.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 22nd 2023.
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Aviat Networks, Inc. (NASDAQ:AVNW) released its earnings results on Tuesday, November, 2nd. The communications equipment provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.15. The communications equipment provider earned $73.16 million during the quarter, compared to analysts' expectations of $69.10 million. Aviat Networks had a net margin of 3.82% and a trailing twelve-month return on equity of 14.61%. During the same quarter last year, the company posted $0.62 EPS.

ETFs with the largest weight of Aviat Networks (NASDAQ:AVNW) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco Nasdaq Future Gen 200 ETF (QQQS) and Hartford Multifactor Small Cap ETF (ROSC),

Shares of Aviat Networks split before market open on Thursday, April 8th 2021. The 2-1 split was announced on Friday, March 5th 2021. The newly issued shares were issued to shareholders after the closing bell 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 updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $341.00 million-$347.00 million, compared to the consensus revenue estimate of $345.33 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 many different institutional and retail investors. Top institutional shareholders include Royce & Associates LP (4.88%), BlackRock Inc. (4.55%), Punch & Associates Investment Management Inc. (4.35%), Paradigm Capital Management Inc. NY (4.21%), Select Equity Group L.P. (3.39%) and Dimensional Fund Advisors LP (3.35%). 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 $31.41.

Aviat Networks (NASDAQ:AVNW) has a market capitalization of $359.33 million and generates $302.96 million in revenue each year. The communications equipment provider earns $21.16 million in net income (profit) each year or $1.06 on an earnings per share basis.

The company employs 661 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.