Aviat Networks (NASDAQ:AVNW) Research Coverage Started at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Aviat Networks (NASDAQ:AVNW – Get Rating) in a report released on Thursday. The brokerage set a “buy” rating on the communications equipment provider’s stock.

AVNW has been the topic of several other research reports. B. Riley lifted their target price on Aviat Networks from $57.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 2nd. JMP Securities reissued a “market outperform” rating and issued a $50.00 price target on shares of Aviat Networks in a research note on Monday, March 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $57.67.

Aviat Networks Price Performance

NASDAQ:AVNW opened at $34.25 on Thursday. Aviat Networks has a fifty-two week low of $23.88 and a fifty-two week high of $39.80. The stock’s 50-day moving average is $34.10 and its two-hundred day moving average is $31.73. The stock has a market cap of $390.45 million, a PE ratio of 29.53 and a beta of 1.67.

Institutional Investors Weigh In On Aviat Networks

Several large investors have recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new stake in Aviat Networks during the third quarter worth approximately $25,000. State of Wyoming boosted its position in Aviat Networks by 124.2% during the fourth quarter. State of Wyoming now owns 1,919 shares of the communications equipment provider’s stock worth $60,000 after purchasing an additional 1,063 shares during the period. Barclays PLC boosted its position in Aviat Networks by 542.3% during the fourth quarter. Barclays PLC now owns 3,006 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 2,538 shares during the period. Lazard Asset Management LLC boosted its position in Aviat Networks by 2,982.7% during the second quarter. Lazard Asset Management LLC now owns 3,021 shares of the communications equipment provider’s stock worth $75,000 after purchasing an additional 2,923 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Aviat Networks during the third quarter worth approximately $86,000. Institutional investors own 68.93% of the company’s stock.

Aviat Networks Company Profile

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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.