Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) CEO Pete A. Smith acquired 1,000 shares of the business's stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $30.70 per share, for a total transaction of $30,700.00. Following the transaction, the chief executive officer now directly owns 242,199 shares in the company, valued at $7,435,509.30. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Aviat Networks Trading Down 0.4 %
NASDAQ AVNW opened at $31.17 on Wednesday. Aviat Networks, Inc. has a one year low of $25.08 and a one year high of $38.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.79 and a current ratio of 2.12. The company has a market capitalization of $391.50 million, a price-to-earnings ratio of 27.58 and a beta of 1.78. The company's 50-day simple moving average is $34.75 and its two-hundred day simple moving average is $32.47.
Aviat Networks (NASDAQ:AVNW - Get Free Report) last released its quarterly earnings data on Wednesday, May 1st. The communications equipment provider reported $0.58 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.01). The business had revenue of $111.61 million for the quarter, compared to the consensus estimate of $113.56 million. Aviat Networks had a net margin of 3.54% and a return on equity of 14.54%. During the same quarter in the prior year, the business posted $0.61 earnings per share. Equities analysts forecast that Aviat Networks, Inc. will post 3.01 EPS for the current fiscal year.
Institutional Investors Weigh In On Aviat Networks
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A number of institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of Aviat Networks during the third quarter valued at about $31,000. Tower Research Capital LLC TRC lifted its position in Aviat Networks by 582.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,349 shares of the communications equipment provider's stock valued at $77,000 after acquiring an additional 2,005 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Aviat Networks during the third quarter valued at approximately $149,000. BNP Paribas Financial Markets grew its holdings in Aviat Networks by 84.8% in the first quarter. BNP Paribas Financial Markets now owns 5,475 shares of the communications equipment provider's stock worth $210,000 after purchasing an additional 2,513 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of Aviat Networks during the fourth quarter worth $255,000. Institutional investors own 78.62% of the company's stock.
Analyst Ratings Changes
AVNW has been the topic of a number of research analyst reports. B. Riley cut their price target on shares of Aviat Networks from $59.00 to $55.00 and set a "buy" rating on the stock in a report on Thursday, May 2nd. JMP Securities reaffirmed a "market outperform" rating and set a $50.00 target price on shares of Aviat Networks in a research report on Monday, February 5th. Finally, StockNews.com upgraded Aviat Networks from a "hold" rating to a "buy" rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Aviat Networks has an average rating of "Buy" and an average target price of $53.75.
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About Aviat Networks
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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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