Aviat Networks, Inc. (NASDAQ:AVNW – Get Ranking)’s share worth crossed above its 2 hundred day shifting common throughout buying and selling on Monday . The inventory has a 2 hundred day shifting common of $29.68 and trades as excessive as $31.25. Aviat Networks shares final traded at $31.10, with a quantity of 969 shares.
Wall Road Analyst Weigh In
AVNW has been the subject of a number of analyst experiences. StockNews.com reduce Aviat Networks from a “strong-buy” ranking to a “purchase” ranking in a report on Friday, November eleventh. B. Riley lifted their worth goal on Aviat Networks from $56.00 to $57.00 in a report on Thursday, November third. JMP Securities began protection on shares of Aviat Networks in a report on Thursday, September 1st. They set an “outperform” ranking and a $50.00 worth goal on the inventory. Lastly, Litchfield Hills Analysis restated a “purchase” ranking on shares of Aviat Networks in a report on Wednesday, August thirty first. 5 funding analysts have rated the inventory with a purchase ranking, In accordance with MarketBeat.com, Aviat Networks presently has a median ranking of “Purchase” and a consensus goal worth of $57.33.
Aviat Networks Inventory Down 0.3 %
The inventory has a fifty day shifting common of $30.92 and a two-hundred day shifting common of $29.68. The inventory has a market cap of $352.05 million, a price-to-earnings ratio of 27.28 and a beta of 1.72.
Aviat Networks (NASDAQ:AVNW – Get Ranking) final launched its quarterly earnings information on Wednesday, November 2nd. The communications tools supplier reported $0.59 earnings per share for the quarter, lacking the consensus estimate of $0.66 by ($0.07). The agency had income of $81.25 million through the quarter, in comparison with analyst estimates of $81.30 million. Aviat Networks had a web margin of 4.41% and a return on fairness of 15.07%. Equities analysis analysts anticipate that Aviat Networks, Inc. will put up 2.91 EPS for the present fiscal yr.
Hedge Funds Weigh In On Aviat Networks
Plenty of hedge funds have just lately made modifications to their positions in AVNW. New Century Advisors LLC boosted its place in Aviat Networks by 56.3% through the 2nd quarter. New Century Advisors LLC now owns 1,697 shares of the communications tools supplier’s inventory value $42,000 after buying a further 611 shares through the interval. Heritage Traders Administration Corp boosted its place in shares of Aviat Networks by 4.1% within the second quarter. Heritage Traders Administration Corp now owns 19,178 shares of the communications tools supplier’s inventory value $480,000 after shopping for a further 750 shares through the interval. White Pine Capital LLC grew its stake in shares of Aviat Networks by 2.5% within the third quarter. White Pine Capital LLC now owns 37,887 shares of the communications tools supplier’s inventory valued at $1,037,000 after shopping for a further 920 shares within the final quarter. Monetary Administration Professionals Inc. bought a brand new stake in shares of Aviat Networks through the third quarter valued at about $25,000. Lastly, Charles Schwab Funding Administration Inc. lifted its place in Aviat Networks by 3.7% through the 1st quarter. Charles Schwab Funding Administration Inc. now owns 27,854 shares of the communications tools supplier’s inventory value $858,000 after buying a further 992 shares within the final quarter. Hedge funds and different institutional buyers personal 68.93% of the corporate’s inventory.
About Aviat Networks
(Get Ranking)
Aviat Networks, Inc gives microwave networking options in North America, Africa, the Center East, Europe, Latin America, and the Asia Pacific. The corporate provides outside, indoor, and split-mount radios; microwave routers and switches; microwave trunking; factor administration merchandise; and software program merchandise, corresponding to aviat design, frequency assurance software program, and well being assurance software program.
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