Lake Street Capital Has Lowered Expectations for Aviat Networks (NASDAQ:AVNW) Stock Price

Aviat Networks (NASDAQ:AVNW) had its price objective reduced by stock analysts at Lake Street Capital from $45.00 to $27.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Lake Street Capital’s price objective points to a potential upside of 85.06% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Roth Mkm lowered their target price on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday. Northland Securities dropped their price objective on shares of Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. StockNews.com downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. JMP Securities restated a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. Finally, B. Riley decreased their price objective on Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, September 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.60.

Aviat Networks Stock Down 30.3 %

Shares of NASDAQ AVNW traded down $6.34 during mid-day trading on Wednesday, reaching $14.59. The company had a trading volume of 936,543 shares, compared to its average volume of 113,182. Aviat Networks has a 52-week low of $13.45 and a 52-week high of $38.85. The stock has a market cap of $185.00 million, a P/E ratio of 15.04 and a beta of 1.81. The company has a current ratio of 1.85, a quick ratio of 1.57 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $22.64 and a two-hundred day simple moving average of $27.17.

Aviat Networks (NASDAQ:AVNW) last posted its earnings results on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. The business had revenue of $116.66 million for the quarter. Aviat Networks had a return on equity of 13.47% and a net margin of 2.89%. Sell-side analysts predict that Aviat Networks will post 2.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. 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 valued at $21,166,000 after purchasing an additional 11,662 shares in 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 valued at $12,208,000 after buying an additional 7,968 shares in the last quarter. Select Equity Group L.P. grew its holdings in 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 acquiring an additional 30,582 shares during the period. Hodges Capital Management Inc. raised its position 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 worth $10,487,000 after acquiring an additional 163,365 shares in the last quarter. Finally, Herald Investment Management Ltd lifted its holdings in Aviat Networks by 3.3% in the second quarter. Herald Investment Management Ltd now owns 155,000 shares of the communications equipment provider’s stock valued at $4,435,000 after acquiring an additional 5,000 shares during the period. 78.62% of the stock is owned by hedge funds and other 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.