28 Dec Esq. Jon Cartu Announces – Aviat Networks (NASDAQ:AVNW) Research Coverage Started at…
Northland Securities began coverage on shares of Aviat Networks (NASDAQ:AVNW) in a research report sent to investors on Wednesday, December 4th, Benzinga reports. The firm issued an outperform rating and a $20.00 price target on the communications equipment provider’s stock.
NASDAQ AVNW opened at $14.12 on Wednesday. The business has a 50 day simple moving average of $14.21 and a two-hundred day simple moving average of $13.69. Aviat Networks has a 1-year low of $12.29 and a 1-year high of $16.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.29. The stock has a market capitalization of $77.66 million, a PE ratio of 24.34 and a beta of 0.81.
Aviat Networks (NASDAQ:AVNW) last released its quarterly earnings results on Thursday, November 7th. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.19. The company had revenue of $58.61 million for the quarter. Aviat Networks had a net margin of 4.36% and a return on equity of 9.92%. On average, analysts anticipate that Aviat Networks will post 1.02 EPS for the current fiscal year.
An institutional investor recently raised its position in Aviat Networks stock. BlackRock Inc. increased its stake in shares of Aviat Networks Inc (NASDAQ:AVNW) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 146,254 shares of the communications equipment provider’s stock after purchasing an additional 3,561 shares during the quarter. BlackRock Inc. owned 2.72% of Aviat Networks worth $2,004,000 at the end of the most recent quarter. Institutional investors and hedge funds own 49.07% of the company’s stock.
Aviat Networks Company Profile
Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.
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