Aviat Networks (NASDAQ:AVNW) Rating Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Aviat Networks (NASDAQ:AVNWFree Report) from a hold rating to a sell rating in a research note issued to investors on Thursday.

A number of other research analysts have also issued reports on AVNW. B. Riley decreased their target price on Aviat Networks from $60.00 to $59.00 and set a buy rating for the company in a report on Wednesday. JMP Securities restated a market outperform rating and issued a $50.00 price target on shares of Aviat Networks in a research note on Monday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $54.75.

Read Our Latest Research Report on Aviat Networks

Aviat Networks Trading Down 7.7 %

NASDAQ:AVNW opened at $33.10 on Thursday. The firm has a market cap of $387.93 million, a PE ratio of 26.06 and a beta of 1.70. The stock has a fifty day moving average price of $31.65 and a 200 day moving average price of $30.76. Aviat Networks has a 12-month low of $21.15 and a 12-month high of $37.84.

Institutional Trading of Aviat Networks

A number of hedge funds and other institutional investors have recently bought and sold shares of AVNW. Panagora Asset Management Inc. acquired a new stake in shares of Aviat Networks during the fourth quarter worth about $590,000. Dimensional Fund Advisors LP increased its position in shares of Aviat Networks by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 396,521 shares of the communications equipment provider’s stock worth $12,951,000 after purchasing an additional 6,506 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Aviat Networks by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,181 shares of the communications equipment provider’s stock worth $1,018,000 after purchasing an additional 932 shares in the last quarter. Acuitas Investments LLC acquired a new stake in shares of Aviat Networks during the fourth quarter worth about $460,000. Finally, Bailard Inc. acquired a new stake in shares of Aviat Networks during the fourth quarter worth about $255,000. 76.55% of the stock is currently owned by institutional investors and hedge funds.

Aviat Networks Company Profile

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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.

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