Aviat Networks (NASDAQ:AVNW) Given New $27.00 Price Target at Lake Street Capital

Aviat Networks (NASDAQ:AVNW) had its price objective trimmed by Lake Street Capital from $45.00 to $27.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

AVNW has been the topic of a number of other research reports. StockNews.com cut shares of Aviat Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. B. Riley decreased their price objective on shares of Aviat Networks from $55.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $50.00 target price on shares of Aviat Networks in a report on Tuesday, October 8th. Northland Securities cut their price target on Aviat Networks from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, October 8th. Finally, Roth Mkm lowered their price objective on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.60.

Aviat Networks Trading Down 34.5 %

Shares of AVNW stock opened at $13.70 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.85 and a quick ratio of 1.57. The company has a market cap of $173.66 million, a price-to-earnings ratio of -44.19 and a beta of 1.81. Aviat Networks has a 1 year low of $13.45 and a 1 year high of $38.85. The firm has a fifty day moving average price of $22.37 and a 200-day moving average price of $27.08.

Aviat Networks (NASDAQ:AVNW) last released its quarterly 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 during the quarter. As a group, equities analysts predict that Aviat Networks will post 2.08 earnings per share for the current year.

Institutional Trading of Aviat Networks

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers grew its position in shares of Aviat Networks by 2.9% during the second quarter. Rhumbline Advisers now owns 18,716 shares of the communications equipment provider’s stock valued at $537,000 after purchasing an additional 523 shares in the last quarter. nVerses Capital LLC purchased a new position in Aviat Networks during the 2nd quarter valued at approximately $29,000. Delphi Management Inc. MA increased its stake in Aviat Networks by 6.5% in the 1st quarter. Delphi Management Inc. MA now owns 21,451 shares of the communications equipment provider’s stock worth $822,000 after acquiring an additional 1,305 shares during the last quarter. Truvestments Capital LLC increased its stake in Aviat Networks by 26.2% in the 1st quarter. Truvestments Capital LLC now owns 10,654 shares of the communications equipment provider’s stock worth $408,000 after acquiring an additional 2,213 shares during the last quarter. Finally, Tectonic Advisors LLC raised its holdings in shares of Aviat Networks by 6.7% during the 1st quarter. Tectonic Advisors LLC now owns 35,368 shares of the communications equipment provider’s stock worth $1,356,000 after acquiring an additional 2,221 shares in the last quarter. 78.62% of the stock is currently 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.