Key Points
- CEO Pete Smith sold 14,264 Aviat Networks shares at an average price of $19.69, generating $280,858.16. His remaining direct ownership fell 3.73% to 367,840 shares.
- Aviat’s latest quarterly results beat expectations, with EPS of $0.64 versus the $0.55 consensus and revenue of $120.89 million compared with estimates of $110.12 million.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $32.71, while institutional investors own 78.62% of the company.
Aviat Networks, Inc. (NASDAQ:AVNW - Get Free Report) SVP Gary Croke sold 629 shares of the company's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $19.69, for a total transaction of $12,385.01. Following the completion of the sale, the senior vice president owned 42,479 shares of the company's stock, valued at $836,411.51. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Aviat Networks Stock Performance
AVNW opened at $18.66 on Wednesday. The company has a market cap of $238.85 million, a PE ratio of 98.21 and a beta of 0.70. The stock has a 50-day moving average of $20.91 and a 200-day moving average of $21.23. Aviat Networks, Inc. has a 52-week low of $13.92 and a 52-week high of $27.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.66 and a current ratio of 1.97.
Aviat Networks (NASDAQ:AVNW - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The communications equipment provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.09. Aviat Networks had a return on equity of 5.85% and a net margin of 0.58%.The business had revenue of $120.89 million for the quarter, compared to the consensus estimate of $110.12 million. As a group, equities research analysts forecast that Aviat Networks, Inc. will post 2.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Aviat Networks
Several hedge funds have recently made changes to their positions in AVNW. Tieton Capital Management LLC acquired a new stake in Aviat Networks during the second quarter worth about $15,017,000. Sei Investments Co. raised its holdings in Aviat Networks by 122.2% in the 1st quarter. Sei Investments Co. now owns 432,325 shares of the communications equipment provider's stock valued at $9,775,000 after acquiring an additional 237,761 shares in the last quarter. Western Standard LLC raised its holdings in Aviat Networks by 84.5% in the 4th quarter. Western Standard LLC now owns 494,238 shares of the communications equipment provider's stock valued at $10,567,000 after acquiring an additional 226,332 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Aviat Networks by 140.2% in the 4th quarter. Marshall Wace LLP now owns 226,580 shares of the communications equipment provider's stock worth $4,844,000 after acquiring an additional 132,262 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Aviat Networks by 67.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 285,868 shares of the communications equipment provider's stock worth $6,555,000 after purchasing an additional 115,298 shares in the last quarter. Institutional investors own 78.62% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on AVNW shares. Lake Street Capital set a $31.00 target price on shares of Aviat Networks and gave the stock a "buy" rating in a report on Tuesday, May 5th. B Riley restated a "buy" rating on shares of Aviat Networks in a report on Friday. Zacks Research raised Aviat Networks from a "strong sell" rating to a "hold" rating in a research report on Monday, July 6th. Craig Hallum assumed coverage on Aviat Networks in a research note on Tuesday, June 30th. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, Citigroup reissued a "market outperform" rating on shares of Aviat Networks in a research report on Friday. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.71.
Get Our Latest Analysis on AVNW
Key Headlines Impacting Aviat Networks
Here are the key news stories impacting Aviat Networks this week:
- Positive Sentiment: Strong quarterly execution: Fiscal fourth-quarter revenue rose 4.8% year over year to $120.9 million, exceeding the $110.1 million consensus estimate. Adjusted earnings of $0.64 per share also topped expectations of $0.55.
- Positive Sentiment: Healthy backlog and growth outlook: Backlog increased 14% to $367 million, supporting visibility into future revenue. Fiscal 2027 adjusted EBITDA guidance implies potential growth of as much as 50%, as Aviat invests in private wireless networks. Aviat Networks backlog and fiscal 2027 guidance
- Positive Sentiment: Analyst support remains favorable: Citigroup maintained a “market outperform” rating, while Roth Capital raised its target to $38 and Northland Securities lifted its target to $30. The analyst consensus remains “Moderate Buy,” with an average target price of $32.71.
- Neutral Sentiment: Growth comes with execution risk: Aviat is betting heavily on private networks, but recent coverage highlighted margin pressure. The company’s reported net margin was only 0.58%, making successful execution and profitability improvement important for the valuation. Aviat Networks private networks and margins
- Negative Sentiment: Multiple insiders sold shares: CEO Pete Smith sold 14,264 shares for approximately $280,858, reducing his direct ownership by 3.73%. VP Erin Boase sold $26,522 of stock, and SVP Gary Croke sold $12,385. While these transactions may reflect personal financial decisions, coordinated selling can weigh on sentiment, particularly with AVNW trading well below its 12-month high and above a trailing PE ratio of 98.
About Aviat Networks
(
Get Free Report)
Aviat Networks, Inc is a specialist in wireless transport solutions, designing, manufacturing and selling microwave networking products that enable the secure and reliable transmission of data, voice and video. The company's offerings address mission-critical communications needs for a broad range of end markets, including telecommunications service providers, utilities, government agencies and enterprises. Its product portfolio spans high-capacity packet microwave radios, IP transport systems and network management software.
Aviat's core product lines include the WTM series of packet microwave platforms, which deliver scalable throughput and advanced resilience features, and the Eclipse packet microwave systems, which combine broadband capacity with synchronization, security and quality-of-service capabilities.
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