Brokerages Set Aviat Networks, Inc. (NASDAQ:AVNW) PT at $37.60

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

A number of equities analysts have recently weighed in on AVNW shares. Northland Securities reissued an “outperform” rating and set a $30.00 price target (up 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 research report on Wednesday, February 5th.

Institutional Trading of Aviat Networks

Several hedge funds and other institutional investors have recently modified their holdings of AVNW. Tieton Capital Management LLC raised its position in shares of Aviat Networks by 998.2% in the 4th 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 position in Aviat Networks in the 4th quarter valued at approximately $7,483,000. Kennedy Capital Management LLC acquired a new position in Aviat Networks in the 4th quarter valued at approximately $6,551,000. First Eagle Investment Management LLC bought a new stake in shares of Aviat Networks in the 4th quarter valued at $3,669,000. Finally, Marshall Wace LLP boosted its stake in shares of Aviat Networks by 475.9% in the 4th 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. Institutional investors own 78.62% of the company’s stock.

Aviat Networks Price Performance

Shares of AVNW stock opened at $19.06 on Tuesday. Aviat Networks has a 52-week low of $12.96 and a 52-week high of $38.85. The stock has a market cap of $241.76 million, a PE ratio of -95.30 and a beta of 1.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.37 and a current ratio of 1.68. The firm’s 50 day moving average price is $20.42 and its two-hundred day moving average price is $19.86.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. As a group, 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.