Aviat Networks (AVNW) Expected to Announce Quarterly Earnings on Tuesday

Aviat Networks (NASDAQ:AVNW) will likely be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $103.59 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Aviat Networks Stock Up 1.9 %

AVNW stock opened at $19.05 on Monday. The company’s 50 day simple moving average is $17.87 and its 200-day simple moving average is $21.36. The firm has a market capitalization of $241.74 million, a PE ratio of -61.45 and a beta of 1.69. Aviat Networks has a 12 month low of $12.95 and a 12 month high of $38.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.72 and a quick ratio of 1.40.

Analyst Ratings Changes

Several research firms have recently commented on AVNW. JMP Securities reiterated a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. StockNews.com lowered shares of Aviat Networks from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Northland Securities reduced 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. Lake Street Capital reduced their price objective on shares of Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Roth Mkm reduced their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.60.

Insiders Place Their Bets

In other Aviat Networks news, CEO Pete A. Smith bought 3,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were acquired at an average price of $14.13 per share, with a total value of $42,390.00. Following the purchase, the chief executive officer now owns 298,539 shares in the company, valued at approximately $4,218,356.07. The trade was a 1.02 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Connaway bought 3,500 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average cost of $14.13 per share, for a total transaction of $49,455.00. Following the purchase, the chief financial officer now owns 57,893 shares in the company, valued at approximately $818,028.09. This trade represents a 6.43 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 7,400 shares of company stock valued at $106,110 over the last quarter. Company insiders own 4.10% of the company’s stock.

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.