Aviat Networks (NASDAQ:AVNW) Price Target Cut to $42.00 by Analysts at B. Riley

Aviat Networks (NASDAQ:AVNW) had its price objective reduced by B. Riley from $55.00 to $42.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock. B. Riley also issued estimates for Aviat Networks’ FY2024 earnings at $2.58 EPS, Q3 2025 earnings at $0.71 EPS and Q4 2025 earnings at $1.03 EPS.

AVNW has been the topic of a number of other research reports. Northland Securities restated an outperform rating and issued a $40.00 price objective (down previously from $50.00) on shares of Aviat Networks in a research report on Friday. StockNews.com upgraded Aviat Networks from a buy rating to a strong-buy rating in a report on Wednesday, September 11th. Finally, Lake Street Capital reiterated a buy rating and issued a $51.00 price objective on shares of Aviat Networks in a report on Friday, July 5th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $45.75.

Aviat Networks Stock Up 3.5 %

Shares of Aviat Networks stock opened at $22.09 on Friday. The company’s 50 day moving average price is $27.46 and its 200-day moving average price is $30.68. Aviat Networks has a 52-week low of $18.00 and a 52-week high of $38.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12. The stock has a market capitalization of $277.56 million, a price-to-earnings ratio of 19.55 and a beta of 1.81.

Institutional Investors Weigh In On Aviat Networks

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 acquiring an additional 11,662 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Aviat Networks by 1.9% during the second quarter. Dimensional Fund Advisors LP now owns 425,538 shares of the communications equipment provider’s stock valued at $12,208,000 after purchasing an additional 7,968 shares in the last quarter. Select Equity Group L.P. lifted its holdings 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 valued at $10,907,000 after purchasing an additional 30,582 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of 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 worth $10,487,000 after purchasing an additional 163,365 shares in the last quarter. Finally, Herald Investment Management Ltd grew its stake in shares of 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 worth $4,435,000 after buying an additional 5,000 shares during the last quarter. 78.62% of the stock is currently 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.