Roth Mkm Has Lowered Expectations for Aviat Networks (NASDAQ:AVNW) Stock Price

Aviat Networks (NASDAQ:AVNW) had its price objective cut by Roth Mkm from $43.00 to $39.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the communications equipment provider’s stock. Roth Mkm’s price objective would suggest a potential upside of 161.74% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Northland Securities dropped their target price on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 8th. StockNews.com downgraded Aviat Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. B. Riley decreased their price target on 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 decreased their price target on Aviat Networks from $51.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $42.20.

Aviat Networks Stock Down 28.8 %

Shares of NASDAQ AVNW traded down $6.03 during mid-day trading on Wednesday, reaching $14.90. 879,240 shares of the company’s stock were exchanged, compared to its average volume of 112,868. The business has a fifty day simple moving average of $22.64 and a 200 day simple moving average of $27.17. Aviat Networks has a twelve month low of $13.45 and a twelve month high of $38.85. The firm has a market capitalization of $188.93 million, a price-to-earnings ratio of 15.53 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.

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

Hedge Funds Weigh In On Aviat Networks

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC acquired a new position in shares of Aviat Networks during the 2nd quarter worth $29,000. NBC Securities Inc. bought a new stake in shares of Aviat Networks during the 3rd quarter valued at about $62,000. BNP Paribas Financial Markets boosted its position in shares of Aviat Networks by 84.8% during the 1st quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider’s stock valued at $210,000 after purchasing an additional 2,513 shares in the last quarter. Covestor Ltd boosted its position in shares of Aviat Networks by 309.8% during the 1st quarter. Covestor Ltd now owns 5,934 shares of the communications equipment provider’s stock valued at $228,000 after purchasing an additional 4,486 shares in the last quarter. Finally, Truvestments Capital LLC boosted its position in shares of Aviat Networks by 26.2% during the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock valued at $408,000 after purchasing an additional 2,213 shares in the last quarter. 78.62% of the stock is owned by institutional investors and hedge funds.

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.