Aviat Networks’ (AVNW) “Outperform” Rating Reaffirmed at Northland Securities

Northland Securities reissued their outperform rating on shares of Aviat Networks (NASDAQ:AVNW) in a report released on Friday morning, Benzinga reports. The brokerage currently has a $40.00 price objective on the communications equipment provider’s stock, down from their previous price objective of $50.00.

Several other research analysts also recently commented on the stock. Lake Street Capital reissued a buy rating and set a $51.00 price objective on shares of Aviat Networks in a report on Friday, July 5th. StockNews.com upgraded Aviat Networks from a buy rating to a strong-buy rating in a research report on Wednesday, September 11th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Aviat Networks currently has a consensus rating of Buy and a consensus target price of $45.75.

Aviat Networks Stock Up 3.5 %

AVNW opened at $22.09 on Friday. The firm has a 50-day simple moving average of $27.46 and a two-hundred day simple moving average of $30.68. Aviat Networks has a 52 week low of $18.00 and a 52 week high of $38.85. The company has a market capitalization of $277.56 million, a PE ratio of 19.55 and a beta of 1.81. The company has a quick ratio of 1.79, a current ratio of 2.12 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently modified their holdings of AVNW. Hodges Capital Management Inc. boosted its holdings in shares of Aviat Networks by 80.8% in the 2nd quarter. Hodges Capital Management Inc. now owns 365,535 shares of the communications equipment provider’s stock worth $10,487,000 after purchasing an additional 163,365 shares during the period. Millrace Asset Group Inc. bought a new stake in shares of Aviat Networks during the 4th quarter worth approximately $1,617,000. Anchor Capital Advisors LLC bought a new stake in shares of Aviat Networks during the 1st quarter worth approximately $1,330,000. Select Equity Group L.P. lifted its stake in shares of Aviat Networks by 8.7% during the 2nd quarter. Select Equity Group L.P. now owns 380,184 shares of the communications equipment provider’s stock worth $10,907,000 after acquiring an additional 30,582 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC lifted its stake in shares of Aviat Networks by 80.9% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 67,100 shares of the communications equipment provider’s stock worth $2,191,000 after acquiring an additional 30,000 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

About Aviat Networks

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.