Aviat Networks (NASDAQ:AVNW) Given “Outperform” Rating at Northland Securities

Northland Securities restated their outperform rating on shares of Aviat Networks (NASDAQ:AVNW) in a research report sent to investors on Wednesday,Benzinga reports. Northland Securities currently has a $30.00 price objective on the communications equipment provider’s stock, up from their previous price objective of $27.00.

Several other analysts also recently commented on AVNW. Lake Street Capital reduced their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. 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 note on Wednesday, November 6th. JMP Securities reiterated a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a report on Tuesday, October 8th. Finally, StockNews.com downgraded Aviat Networks from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.60.

Aviat Networks Stock Performance

Shares of AVNW opened at $26.35 on Wednesday. The company has a current ratio of 1.72, a quick ratio of 1.40 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $21.27. Aviat Networks has a 12 month low of $12.95 and a 12 month high of $38.85. The stock has a market capitalization of $334.38 million, a P/E ratio of -85.00 and a beta of 1.68.

Aviat Networks (NASDAQ:AVNW) last announced its earnings results on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.09 by $0.57. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. As a group, analysts predict that Aviat Networks will post 1.13 EPS for the current year.

Insider Buying and Selling at Aviat Networks

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

Institutional Investors Weigh In On Aviat Networks

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP lifted its stake in Aviat Networks by 8.5% during the 3rd quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock valued at $15,063,000 after acquiring an additional 54,339 shares in the last quarter. Hodges Capital Management Inc. lifted its position in shares of Aviat Networks by 20.9% during the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock valued at $10,190,000 after purchasing an additional 97,227 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Aviat Networks by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock valued at $7,875,000 after purchasing an additional 11,094 shares in the last quarter. State Street Corp boosted its holdings in Aviat Networks by 1.6% during the third quarter. State Street Corp now owns 237,689 shares of the communications equipment provider’s stock worth $5,141,000 after purchasing an additional 3,855 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Aviat Networks by 15.3% in the 3rd quarter. Franklin Resources Inc. now owns 170,652 shares of the communications equipment provider’s stock worth $3,853,000 after purchasing an additional 22,665 shares in the last quarter. Institutional investors own 78.62% 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.