Aviat Networks, Inc. (NASDAQ:AVNW) Short Interest Up 13.3% in January

Aviat Networks, Inc. (NASDAQ:AVNW) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 765,200 shares, an increase of 13.3% from the January 15th total of 675,200 shares. Based on an average daily volume of 255,000 shares, the short-interest ratio is currently 3.0 days.

Aviat Networks Price Performance

Aviat Networks stock traded down $0.28 during trading hours on Friday, hitting $22.16. 140,597 shares of the stock were exchanged, compared to its average volume of 208,419. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.40 and a current ratio of 1.68. The stock has a market capitalization of $280.99 million, a P/E ratio of -110.79 and a beta of 1.68. Aviat Networks has a 12 month low of $12.95 and a 12 month high of $38.85. The business’s 50-day moving average is $19.15 and its two-hundred day moving average is $20.94.

Aviat Networks (NASDAQ:AVNW) last issued its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. Equities research analysts expect that Aviat Networks will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AVNW. Lake Street Capital cut their target price 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 upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Northland Securities reiterated an “outperform” rating and issued a $30.00 price objective (up from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. Finally, Roth Mkm lowered their price objective on Aviat Networks from $43.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Aviat Networks has a consensus rating of “Moderate Buy” and a consensus target price of $37.60.

Institutional Investors Weigh In On Aviat Networks

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP raised its position in shares of Aviat Networks by 8.5% during the third quarter. Royce & Associates LP now owns 696,394 shares of the communications equipment provider’s stock worth $15,063,000 after acquiring an additional 54,339 shares during the last quarter. Tieton Capital Management LLC raised its position in shares of Aviat Networks by 998.2% during the fourth quarter. Tieton Capital Management LLC now owns 650,270 shares of the communications equipment provider’s stock worth $11,776,000 after acquiring an additional 591,055 shares during the last quarter. Hodges Capital Management Inc. raised its position in shares of Aviat Networks by 20.9% during the fourth quarter. Hodges Capital Management Inc. now owns 562,710 shares of the communications equipment provider’s stock worth $10,190,000 after acquiring an additional 97,227 shares during the last quarter. First Wilshire Securities Management Inc. bought a new stake in shares of Aviat Networks during the fourth quarter worth $7,483,000. Finally, JPMorgan Chase & Co. raised its position in shares of Aviat Networks by 3.1% during the third quarter. JPMorgan Chase & Co. now owns 364,100 shares of the communications equipment provider’s stock worth $7,875,000 after acquiring an additional 11,094 shares during the last quarter. 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.