Aviat Networks (NASDAQ:AVNW) will release its quarterly earnings data after market close on Wednesday, February 2. Analysts expect the company to report earnings of $0.61 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Aviat Networks Inc (NASDAQ:AVNW) last announced its results on Tuesday, November 2. The communications equipment provider reported earnings per share (EPS) of $0.67 for the quarter, beating the consensus estimate of $0.52 by $0.15. Aviat Networks achieved a net margin of 38.64% and a return on equity of 17.39%. The company posted revenue of $73.16 million in the quarter, versus analyst estimates of $69.10 million. In the same period a year earlier, the company posted earnings per share of $0.62. On average, analysts expect Aviat Networks to post EPS of $2 for the current fiscal year and EPS of $3 for the next fiscal year.
Aviat Networks shares opened at $28.99 on Wednesday. Aviat Networks has a 1-year minimum of $17.10 and a 1-year maximum of $43.76. The company has a market capitalization of $324.17 million, a PE ratio of 3.15 and a beta of 1.91. The company has a 50-day simple moving average of $30.97 and a two-hundred-day simple moving average of $32.71.
Several equity research analysts have published reports on AVNW stock. Northland Securities raised its price target on Aviat Networks shares from $45.00 to $50.00 and gave the company an “outperform” rating in a Monday, Oct. 4 research report. Zacks Investment Research downgraded shares of Aviat Networks from a “buy” rating to a “hold” rating in a Monday, January 10 research report. One analyst rated the stock with a hold rating and four gave the company a buy rating. According to data from MarketBeat, the stock currently has a consensus buy rating and a consensus target price of $46.50.
In other news, Vice Chairman Bryan Tucker sold 5,755 shares of the company in a trade that took place on Monday, November 15. The shares were sold at an average price of $32.06, for a total value of $184,505.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, CFO David M. Gray purchased 1,000 shares in a trade that took place on Friday, December 3. The shares were purchased at an average price of $29.43 per share, with a total value of $29,430.00. Disclosure of this purchase can be found here. Insiders hold 3.70% of the shares of the company.
Major investors have recently been buying and selling stocks. Royal Bank of Canada increased its stake in Aviat Networks by 203.2% during the second quarter. Royal Bank of Canada now owns 2,016 shares of the communications equipment provider valued at $66,000 after buying an additional 1,351 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Aviat Networks by 138.2% in the third quarter. BNP Paribas Arbitrage SA now owns 3,571 shares of the communications equipment supplier valued at $117,000 after buying an additional 2,072 shares in the last quarter. Bank of America Corp DE increased its stake in Aviat Networks by 755.6% in the 2nd quarter. Bank of America Corp DE now owns 7,324 shares of the communications equipment provider valued at $240,000 after buying an additional 6,468 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Aviat Networks by 7.6% in the third quarter. Bank of New York Mellon Corp now owns 61,452 shares of the communications equipment provider valued at $2,020,000 after buying an additional 4,336 shares in the last quarter. Finally, Morgan Stanley increased its position in Aviat Networks by 556.2% during the second quarter. Morgan Stanley now owns 142,515 shares of the communications equipment provider valued at $4,670,000 after purchasing an additional 120,797 shares during the period. Institutional investors hold 55.33% of the company’s shares.
Aviat Networks Company Profile
Aviat Networks, Inc engages in the design, manufacture and sale of wireless networking products and solutions. Its product includes wireless transmission network systems for microwave and millimeter wave network applications such as microwave routers, microwave switches and split mount RF units. It also offers services such as network planning and design, site surveys and construction, system integration, installation, maintenance, network monitoring, training and customer services.
Read more: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades
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