Aviat Networks, Inc. (NASDAQ:AVNW) Given Average Rating of “Buy” by Brokerages

Shares of Aviat Networks, Inc. (NASDAQ:AVNW) have received a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $37.60.

Several equities research analysts recently weighed in on AVNW shares. Northland Securities reaffirmed an “outperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of Aviat Networks in a research report on Wednesday, February 5th. StockNews.com raised shares of Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th.

Institutional Investors Weigh In On Aviat Networks

Several hedge funds and other institutional investors have recently made changes to their positions in AVNW. Tieton Capital Management LLC boosted its position in Aviat Networks by 998.2% in the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider’s stock valued at $11,776,000 after buying an additional 591,055 shares in the last quarter. First Wilshire Securities Management Inc. acquired a new stake in shares of Aviat Networks during the 4th quarter valued at $7,483,000. Kennedy Capital Management LLC bought a new stake in Aviat Networks during the 4th quarter worth $6,551,000. First Eagle Investment Management LLC acquired a new position in Aviat Networks in the 4th quarter worth about $3,669,000. Finally, Marshall Wace LLP raised its position in Aviat Networks by 475.9% in the fourth quarter. Marshall Wace LLP now owns 230,012 shares of the communications equipment provider’s stock valued at $4,166,000 after purchasing an additional 190,074 shares during the last quarter. 78.62% of the stock is owned by institutional investors.

Aviat Networks Stock Down 4.4 %

Shares of AVNW opened at $16.87 on Friday. The company has a current ratio of 1.68, a quick ratio of 1.37 and a debt-to-equity ratio of 0.29. Aviat Networks has a 12 month low of $12.96 and a 12 month high of $35.72. The firm’s 50 day moving average is $20.46 and its 200-day moving average is $19.39. The stock has a market capitalization of $213.98 million, a PE ratio of -84.35 and a beta of 1.57.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.33% and a negative net margin of 0.56%. Equities research analysts forecast that Aviat Networks will post 0.5 EPS for the current year.

Aviat Networks Company Profile

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.