Aviat Networks (NASDAQ:AVNW) Downgraded to Hold at StockNews.com

Aviat Networks (NASDAQ:AVNW) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Other research analysts have also issued reports about the stock. B. Riley reduced their price objective on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Lake Street Capital reiterated a “buy” rating and issued a $51.00 price objective on shares of Aviat Networks in a research note on Friday, July 5th. Finally, Northland Securities reiterated an “outperform” rating and issued a $40.00 price objective (down from $50.00) on shares of Aviat Networks in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Aviat Networks currently has an average rating of “Moderate Buy” and an average target price of $45.75.

Aviat Networks Trading Down 0.4 %

Shares of AVNW stock opened at $22.58 on Thursday. The company has a 50 day moving average of $27.14 and a 200-day moving average of $30.48. The company has a quick ratio of 1.79, a current ratio of 2.12 and a debt-to-equity ratio of 0.18. Aviat Networks has a 12-month low of $18.00 and a 12-month high of $38.85. The firm has a market cap of $283.72 million, a P/E ratio of 19.97 and a beta of 1.81.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AVNW. Panagora Asset Management Inc. bought a new position in Aviat Networks in the 4th quarter valued at $590,000. Dynamic Technology Lab Private Ltd bought a new position in Aviat Networks in the 4th quarter valued at $400,000. Trexquant Investment LP bought a new position in Aviat Networks in the 4th quarter valued at $569,000. Millrace Asset Group Inc. bought a new position in Aviat Networks in the 4th quarter valued at $1,617,000. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in Aviat Networks by 39.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 23,664 shares of the communications equipment provider’s stock valued at $773,000 after purchasing an additional 6,648 shares during the period. 78.62% of the stock is owned by institutional investors.

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.