Aviat Networks (NASDAQ:AVNW) Price Target Lowered to $39.00 at Roth Mkm

Aviat Networks (NASDAQ:AVNW) had its target price reduced by Roth Mkm from $43.00 to $39.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Roth Mkm’s target price suggests a potential upside of 161.74% from the stock’s previous close.

A number of other analysts also recently issued reports on AVNW. Lake Street Capital dropped their target price on shares of Aviat Networks from $51.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a research note on Tuesday, October 8th. StockNews.com lowered Aviat Networks from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. B. Riley lowered their target price on Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, September 13th. Finally, Northland Securities lowered their target price on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Aviat Networks currently has an average rating of “Moderate Buy” and an average price target of $42.20.

Aviat Networks Trading Down 28.8 %

Shares of AVNW stock traded down $6.03 during trading hours on Wednesday, hitting $14.90. 879,240 shares of the company were exchanged, compared to its average volume of 112,868. The firm has a market cap of $188.93 million, a PE ratio of 15.53 and a beta of 1.81. Aviat Networks has a 1 year low of $13.45 and a 1 year high of $38.85. The company has a quick ratio of 1.57, a current ratio of 1.85 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average of $22.64 and a 200 day moving average of $27.17.

Aviat Networks (NASDAQ:AVNW) last announced its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 earnings per share for the quarter. The business had revenue of $116.66 million for the quarter. Aviat Networks had a net margin of 2.89% and a return on equity of 13.47%. Analysts expect that Aviat Networks will post 2.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AVNW. Hodges Capital Management Inc. lifted its stake in Aviat Networks by 80.8% in the second quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after buying an additional 163,365 shares during the period. Anchor Capital Advisors LLC acquired a new position in Aviat Networks in the first quarter valued at about $1,330,000. Select Equity Group L.P. lifted its stake in Aviat Networks by 8.7% in the second quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock valued at $10,907,000 after buying an additional 30,582 shares during the period. Assenagon Asset Management S.A. acquired a new position in Aviat Networks in the third quarter valued at about $589,000. Finally, Aristides Capital LLC raised its position in shares of Aviat Networks by 12.2% during the first quarter. Aristides Capital LLC now owns 137,472 shares of the communications equipment provider’s stock worth $5,271,000 after purchasing an additional 15,000 shares during the period. 78.62% of the stock is owned by institutional investors.

About Aviat Networks

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.