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 year. 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 Wall Street analysts have issued 12-month price targets for Aviat Networks' stock. Their AVNW share price forecasts range from $50.00 to $65.00. On average, they anticipate the company's stock price to reach $57.33 in the next twelve months. This suggests a possible upside of 78.4% from the stock's current price.
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Aviat Networks' stock was trading at $32.08 at the beginning of 2022. Since then, AVNW shares have increased by 0.2% and is now trading at $32.13.
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Aviat Networks saw a increase in short interest in November. As of November 15th, there was short interest totaling 327,400 shares, an increase of 5.8% from the October 31st total of 309,500 shares. Based on an average daily trading volume, of 69,300 shares, the days-to-cover ratio is presently 4.7 days. Currently, 3.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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Aviat Networks, Inc. (NASDAQ:AVNW) announced its earnings results on Wednesday, November, 2nd. The communications equipment provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by $0.07. The communications equipment provider earned $81.25 million during the quarter, compared to the consensus estimate of $81.30 million. Aviat Networks had a trailing twelve-month return on equity of 15.07% and a net margin of 4.41%.

Aviat Networks's stock split on the morning of Thursday, April 8th 2021. The 2-1 split was announced on Friday, March 5th 2021. The newly issued shares were distributed 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 issued an update on its FY 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $330.00 million-$345.00 million, compared to the consensus revenue estimate of $336.00 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 variety of retail and institutional investors. Top institutional shareholders include Royce & Associates LP (4.90%), Vanguard Group Inc. (4.34%), Renaissance Technologies LLC (3.39%), Dimensional Fund Advisors LP (3.22%), Paradigm Capital Management Inc. NY (2.85%) and Assenagon Asset Management S.A. (2.42%). 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 $32.13.

Aviat Networks (NASDAQ:AVNW) has a market capitalization of $363.71 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 $1.14 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.