Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) Director Laxmi Akkaraju bought 900 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of $15.85 per share, for a total transaction of $14,265.00. Following the transaction, the director now owns 13,285 shares of the company's stock, valued at $210,567.25. The trade was a 7.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Aviat Networks Price Performance
NASDAQ:AVNW opened at $15.95 on Tuesday. The stock has a market capitalization of $202.41 million, a PE ratio of -51.06 and a beta of 1.81. Aviat Networks, Inc. has a 52 week low of $12.95 and a 52 week high of $38.85. The company has a quick ratio of 1.40, a current ratio of 1.72 and a debt-to-equity ratio of 0.33. The stock's 50-day moving average price is $19.14 and its 200-day moving average price is $24.99.
Aviat Networks (NASDAQ:AVNW - Get Free Report) last posted its quarterly earnings data on Friday, October 4th. The communications equipment provider reported $0.58 EPS for the quarter. Aviat Networks had a positive return on equity of 4.94% and a negative net margin of 0.98%. The business had revenue of $116.66 million during the quarter. As a group, equities analysts expect that Aviat Networks, Inc. will post 1.13 EPS for the current fiscal year.
Hedge Funds Weigh In On Aviat Networks
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers raised its position in shares of Aviat Networks by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 18,716 shares of the communications equipment provider's stock worth $537,000 after purchasing an additional 523 shares during the last quarter. nVerses Capital LLC purchased a new stake in Aviat Networks during the 2nd quarter worth approximately $29,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Aviat Networks by 1.1% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 99,300 shares of the communications equipment provider's stock valued at $2,148,000 after acquiring an additional 1,100 shares during the last quarter. Delphi Management Inc. MA lifted its position in shares of Aviat Networks by 10.9% in the second quarter. Delphi Management Inc. MA now owns 23,788 shares of the communications equipment provider's stock valued at $682,000 after acquiring an additional 2,337 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Aviat Networks by 15.6% in the second quarter. American Century Companies Inc. now owns 17,604 shares of the communications equipment provider's stock worth $505,000 after acquiring an additional 2,375 shares during the last quarter. 78.62% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AVNW has been the topic of several recent research reports. Roth Mkm dropped their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. B. Riley lowered their price target on shares of Aviat Networks from $55.00 to $42.00 and set a "buy" rating on the stock in a report on Friday, September 13th. Lake Street Capital reduced their price objective on Aviat Networks from $45.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. StockNews.com downgraded Aviat Networks from a "hold" rating to a "sell" rating in a research note on Thursday, November 7th. Finally, JMP Securities reiterated a "market outperform" rating and set a $50.00 price target on shares of Aviat Networks in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.60.
View Our Latest Stock Report on AVNW
Aviat Networks Company Profile
(
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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.
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