Northland Capmk Equities Analysts Decrease Earnings Estimates for Aviat Networks, Inc. (NASDAQ:AVNW)

Aviat Networks, Inc. (NASDAQ:AVNW – Get Rating) – Equities researchers at Northland Capmk lowered their Q3 2023 earnings per share (EPS) estimates for shares of Aviat Networks in a research note issued on Monday, March 6th. Northland Capmk analyst T. Savageaux now anticipates that the communications equipment provider will post earnings per share of $0.73 for the quarter, down from their previous forecast of $0.78. The consensus estimate for Aviat Networks’ current full-year earnings is $2.91 per share. Northland Capmk also issued estimates for Aviat Networks’ Q4 2023 earnings at $0.87 EPS.

A number of other research firms have also recently weighed in on AVNW. StockNews.com raised Aviat Networks from a “hold” rating to a “buy” rating in a report on Thursday, February 9th. JMP Securities reissued a “market outperform” rating and set a $50.00 price target on shares of Aviat Networks in a research report on Thursday, February 2nd. Finally, B. Riley boosted their price objective on Aviat Networks from $57.00 to $58.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $57.67.

Aviat Networks Stock Performance

Shares of AVNW stock opened at $36.25 on Wednesday. The stock has a fifty day moving average price of $33.61 and a 200 day moving average price of $31.63. The stock has a market cap of $413.25 million, a PE ratio of 31.25 and a beta of 1.67. Aviat Networks has a 1 year low of $23.88 and a 1 year high of $39.80.

Institutional Investors Weigh In On Aviat Networks

Institutional investors and hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. acquired a new position in Aviat Networks during the fourth quarter worth $555,000. State of Wyoming raised its stake in shares of Aviat Networks by 124.2% in the fourth quarter. State of Wyoming now owns 1,919 shares of the communications equipment provider’s stock valued at $60,000 after acquiring an additional 1,063 shares during the last quarter. Chartwell Investment Partners LLC bought a new position in shares of Aviat Networks in the fourth quarter valued at approximately $446,000. Jane Street Group LLC acquired a new stake in shares of Aviat Networks in the fourth quarter valued at approximately $233,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Aviat Networks by 13.4% in the fourth quarter. Squarepoint Ops LLC now owns 12,208 shares of the communications equipment provider’s stock valued at $381,000 after purchasing an additional 1,443 shares in the last quarter. Institutional investors and hedge funds own 68.93% of the company’s stock.

About Aviat Networks

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Aviat Networks, Inc engages in the design, manufacture, and sale of wireless network products and solutions. Its product includes wireless transmission networking systems for microwave and millimeter wave networking applications such as microwave routers, microwave switches, and split mount RF unit. It also offers services such as network planning and design, site surveys and construction, systems integration, installation, maintenance, network monitoring, training, and customer services.