Aviat Networks (NASDAQ:AVNW) Posts Earnings Results, Beats Expectations By $0.57 EPS

Aviat Networks (NASDAQ:AVNW) announced its quarterly earnings results on Tuesday. The communications equipment provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57, Zacks reports. Aviat Networks had a negative net margin of 0.98% and a positive return on equity of 4.94%. Aviat Networks updated its FY 2025 guidance to EPS.

Aviat Networks Stock Up 5.1 %

Shares of NASDAQ AVNW opened at $20.55 on Wednesday. Aviat Networks has a 1 year low of $12.95 and a 1 year high of $38.85. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $18.04 and a two-hundred day moving average of $21.23.

Wall Street Analyst Weigh In

AVNW has been the topic of a number of analyst reports. Northland Securities cut their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. JMP Securities reissued a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th. Roth Mkm decreased their price target on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. StockNews.com cut Aviat Networks from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Finally, Lake Street Capital cut their target price on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $38.60.

Insider Activity at Aviat Networks

In other Aviat Networks news, CEO Pete A. Smith purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $14.13 per share, with a total value of $42,390.00. Following the purchase, the chief executive officer now owns 298,539 shares in the company, valued at approximately $4,218,356.07. This represents a 1.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Michael Connaway bought 3,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the completion of the transaction, the chief financial officer now directly owns 57,893 shares in the company, valued at approximately $818,028.09. This trade represents a 6.43 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 7,400 shares of company stock worth $106,110 in the last three months. Insiders own 4.10% of the company’s stock.

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.