Aviat Networks (NASDAQ:AVNW) Receives New Coverage from Analysts at Northland Securities

Research analysts at Northland Securities started coverage on shares of Aviat Networks (NASDAQ:AVNW) in a report issued on Wednesday, The Fly reports. The firm set an “outperform” rating and a $20.00 price target on the communications equipment provider’s stock. Northland Securities’ price objective would indicate a potential upside of 42.86% from the company’s previous close.

Shares of AVNW traded up $0.21 during mid-day trading on Wednesday, hitting $14.00. The company’s stock had a trading volume of 46 shares, compared to its average volume of 21,918. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.43 and a quick ratio of 1.29. The firm has a 50-day moving average price of $13.97 and a 200 day moving average price of $13.51. Aviat Networks has a fifty-two week low of $12.29 and a fifty-two week high of $16.53. The stock has a market capitalization of $75.57 million, a price-to-earnings ratio of 11.60 and a beta of 0.81.

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Aviat Networks (NASDAQ:AVNW) last released its earnings results on Thursday, November 7th. The communications equipment provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.33 by $0.19. The business had revenue of $58.61 million during the quarter. Aviat Networks had a net margin of 4.36% and a return on equity of 9.92%.

An institutional investor recently raised its position in Aviat Networks stock. BlackRock Inc. increased its stake in Aviat Networks Inc (NASDAQ:AVNW) by 2.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 146,254 shares of the communications equipment provider’s stock after acquiring an additional 3,561 shares during the quarter. BlackRock Inc. owned approximately 2.72% of Aviat Networks worth $2,004,000 at the end of the most recent quarter. Institutional investors and hedge funds own 49.07% of the company’s stock.

About Aviat Networks

Aviat Networks, Inc designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile networks; and point-to-point digital microwave radio systems for access, backhaul, trunking, and license-exempt applications, as well as supporting new network deployments, network expansion, and capacity upgrades.

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