Aviat Networks (NASDAQ:AVNW) Earns “Market Outperform” Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Aviat Networks (NASDAQ:AVNW) in a research report report published on Tuesday morning, Benzinga reports. They currently have a $50.00 target price on the communications equipment provider’s stock.

Other research analysts also recently issued reports about the stock. Lake Street Capital decreased 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. Northland Securities decreased their price objective on Aviat Networks from $40.00 to $35.00 and set an outperform rating for the company in a report on Tuesday. B. Riley dropped 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, StockNews.com upgraded Aviat Networks from a hold rating to a buy rating in a research report on Monday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus target price of $43.00.

Aviat Networks Price Performance

Shares of NASDAQ:AVNW opened at $22.62 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 1.79 and a debt-to-equity ratio of 0.18. Aviat Networks has a twelve month low of $18.00 and a twelve month high of $38.85. The company’s 50 day moving average is $24.73 and its 200 day moving average is $29.02. The company has a market cap of $284.22 million, a PE ratio of 20.02 and a beta of 1.80.

Institutional Investors Weigh In On Aviat Networks

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Aviat Networks by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 552,071 shares of the communications equipment provider’s stock worth $21,166,000 after buying an additional 11,662 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Aviat Networks by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock worth $12,208,000 after acquiring an additional 7,968 shares during the last quarter. Select Equity Group L.P. increased its position in shares of Aviat Networks by 8.7% during the second quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after purchasing an additional 30,582 shares in the last quarter. Hodges Capital Management Inc. raised its stake in Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock valued at $10,487,000 after purchasing an additional 163,365 shares during the last quarter. Finally, Herald Investment Management Ltd lifted its holdings in Aviat Networks by 3.3% in the 2nd quarter. Herald Investment Management Ltd now owns 155,000 shares of the communications equipment provider’s stock valued at $4,435,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds 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.