Aviat Networks, Inc. (NASDAQ:AVNW) Short Interest Update

Aviat Networks, Inc. (NASDAQ:AVNW) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 765,200 shares, an increase of 13.3% from the January 15th total of 675,200 shares. Based on an average daily trading volume, of 255,000 shares, the short-interest ratio is presently 3.0 days.

Hedge Funds Weigh In On Aviat Networks

Several large investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC acquired a new stake in Aviat Networks during the fourth quarter worth $505,000. Bastion Asset Management Inc. bought a new stake in Aviat Networks in the fourth quarter valued at about $3,077,000. Bank of America Corp DE raised its position in Aviat Networks by 125.4% in the fourth quarter. Bank of America Corp DE now owns 35,072 shares of the communications equipment provider’s stock worth $635,000 after purchasing an additional 19,511 shares in the last quarter. Ancora Advisors LLC lifted its stake in Aviat Networks by 19.9% during the fourth quarter. Ancora Advisors LLC now owns 81,827 shares of the communications equipment provider’s stock worth $1,482,000 after purchasing an additional 13,562 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Aviat Networks by 1.3% during the 4th quarter. Northern Trust Corp now owns 101,091 shares of the communications equipment provider’s stock worth $1,831,000 after buying an additional 1,321 shares during the period. Institutional investors and hedge funds own 78.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AVNW. Lake Street Capital lowered their price objective on Aviat Networks from $45.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a report on Wednesday, February 5th. Roth Mkm reduced their price objective on shares of Aviat Networks from $43.00 to $39.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, Northland Securities reiterated an “outperform” rating and issued a $30.00 target price (up from $27.00) on shares of Aviat Networks in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.60.

Aviat Networks Trading Down 1.2 %

Shares of Aviat Networks stock opened at $22.16 on Monday. The company has a market cap of $280.99 million, a price-to-earnings ratio of -110.79 and a beta of 1.68. Aviat Networks has a 1 year low of $12.95 and a 1 year high of $38.85. The company’s fifty day simple moving average is $19.15 and its 200-day simple moving average is $20.87. The company has a current ratio of 1.68, a quick ratio of 1.40 and a debt-to-equity ratio of 0.29.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings data on Tuesday, February 4th. The communications equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.57. Aviat Networks had a negative net margin of 0.56% and a positive return on equity of 4.33%. As a group, sell-side analysts expect that Aviat Networks will post 0.63 EPS for the current year.

Aviat Networks Company Profile

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.