Key Points
- Director Bruce Taten sold 3,268 Aviat Networks shares on Nov. 11 at an average price of $23.39 for $76,438.52, trimming his position by 13.81% to 20,391 shares (valued ~ $476,945).
- The stock traded around $22.72 with a one‑year range of $13.50–$26.83, a market cap of $291.66M and a high PE of 284.04; Aviat reported $0.75 EPS and $81.25M revenue for the most recent quarter.
- Analysts hold a consensus rating of Moderate Buy with an average price target of $33.00 (three Buys, one Hold), and several firms recently upgraded or raised targets, including B. Riley and Lake Street.
Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) Director Bruce Taten sold 3,268 shares of the firm's stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $23.39, for a total transaction of $76,438.52. Following the completion of the sale, the director owned 20,391 shares in the company, valued at $476,945.49. The trade was a 13.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Aviat Networks Stock Performance
Shares of AVNW traded down $0.37 during mid-day trading on Thursday, hitting $22.72. The company's stock had a trading volume of 18,846 shares, compared to its average volume of 118,896. The stock's 50-day moving average is $23.32 and its two-hundred day moving average is $22.54. Aviat Networks, Inc. has a one year low of $13.50 and a one year high of $26.83. The firm has a market capitalization of $291.66 million, a PE ratio of 284.04 and a beta of 1.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.35 and a current ratio of 1.64.
Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its earnings results on Thursday, December 7th. The communications equipment provider reported $0.75 EPS for the quarter. Aviat Networks had a net margin of 0.31% and a return on equity of 5.77%. The firm had revenue of $81.25 million for the quarter. As a group, sell-side analysts anticipate that Aviat Networks, Inc. will post 0.5 EPS for the current year.
Wall Street Analysts Forecast Growth
AVNW has been the subject of a number of research reports. Weiss Ratings upgraded shares of Aviat Networks from a "sell (d)" rating to a "hold (c-)" rating in a research note on Monday. Wall Street Zen raised shares of Aviat Networks from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. B. Riley restated a "buy" rating and set a $35.00 price target (up from $33.00) on shares of Aviat Networks in a research report on Wednesday, November 5th. Finally, Lake Street Capital reaffirmed a "buy" rating and issued a $34.00 target price on shares of Aviat Networks in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Aviat Networks has a consensus rating of "Moderate Buy" and an average price target of $33.00.
Read Our Latest Report on Aviat Networks
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in Aviat Networks in the 2nd quarter valued at approximately $28,000. Comerica Bank raised its position in shares of Aviat Networks by 40.2% during the first quarter. Comerica Bank now owns 2,720 shares of the communications equipment provider's stock worth $52,000 after purchasing an additional 780 shares during the period. State of Wyoming purchased a new stake in shares of Aviat Networks during the third quarter valued at approximately $63,000. AlphaQuest LLC increased its holdings in Aviat Networks by 69.2% in the 3rd quarter. AlphaQuest LLC now owns 3,810 shares of the communications equipment provider's stock worth $87,000 after acquiring an additional 1,558 shares during the last quarter. Finally, US Bancorp DE purchased a new position in shares of Aviat Networks during the 1st quarter valued at $82,000. Institutional investors and hedge funds own 78.62% of the company's stock.
Aviat Networks Company Profile
(
Get Free Report)
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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