16 Feb Pres. Jon Cartu Announces – Zacks Investment Research Lowers Aviat Networks…
According to Zacks, “Aviat Networks, Inc., previously known as Harris Stratex Networks, Inc., is a global supplier of wireless network solutions and network management software, backed by a suite of professional services and support. The Company offers advanced wireless IP network migration, preparing the way to the 4G/LTE future. It also offers transformational wireless solutions, including LTE-ready microwave backhaul, WiMAX access and a complete portfolio of essential service options that enable wireless public and private telecommunications operators to deliver advanced data, voice, video and mobility services around the world. In addition, Aviat offers professional services, including installation and commissioning and training. It serves mobile and fixed telephone service providers, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast system operators. Aviat Networks, Inc. is headquartered in Morrisville, North Carolina. “
A number of other research analysts have also weighed in on AVNW. Northland Securities began coverage on shares of Aviat Networks in a research note on Wednesday, December 4th. They issued an outperform rating and a $20.00 target price on the stock. ValuEngine lowered shares of Aviat Networks from a buy rating to a hold rating in a research note on Tuesday, December 10th.
AVNW opened at $13.28 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 1.24. The company’s 50 day simple moving average is $14.06 and its two-hundred day simple moving average is $13.90. Aviat Networks has a 1-year low of $12.35 and a 1-year high of $16.53. The firm has a market capitalization of $72.97 million, a price-to-earnings ratio of 11.35 and a beta of 0.74.
Aviat Networks (NASDAQ:AVNW) last released its earnings results on Thursday, February 6th. The communications equipment provider reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.31). Aviat Networks had a return on equity of 4.05% and a net margin of 2.82%. The business had revenue of $56.00 million during the quarter. On average, equities analysts anticipate that Aviat Networks will post 1.01 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Aviat Networks stock. BlackRock Inc. increased its position in shares of Aviat Networks Inc (NASDAQ:AVNW) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 146,254 shares of the communications equipment provider’s stock after buying an additional 3,561 shares during the quarter. BlackRock Inc. owned about 2.72% of Aviat Networks worth $2,004,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 49.07% of the company’s stock.
About Aviat Networks
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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