Aviat Networks, Inc. (NASDAQ: AVNW) is expected to report quarterly sales of $ 73.15 million
Wall Street brokerages predict that Aviat Networks, Inc. (NASDAQ: AVNW) will post sales of $ 73.15 million for the current fiscal quarter, reports Zacks Investment Research. Four analysts have released earnings estimates for Aviat Networks, with the lowest sales estimate at $ 72.40 million and the highest estimate at $ 74.00 million. Aviat Networks reported sales of $ 70.53 million in the same quarter last year, indicating a positive year-over-year growth rate of 3.7%. The company is expected to report its next results on Wednesday, February 2.
On average, analysts expect Aviat Networks to report annual revenue of $ 291.74 million for the current year, with estimates ranging from $ 290.16 million to $ 295.20 million. millions of dollars. For the next fiscal year, analysts predict the company will post revenue of $ 304.07 million, with estimates ranging from $ 300.00 million to $ 306.80 million. Zacks sales averages are an average based on a survey of analysts who track Aviat Networks.
Aviat Networks (NASDAQ: AVNW) last released its results on Tuesday, November 2. The communications equipment supplier reported earnings per share (EPS) of $ 0.67 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.52 of $ 0.15. Aviat Networks had a net margin of 38.64% and a return on equity of 17.39%. The company posted revenue of $ 73.16 million in the quarter, compared to analysts’ estimates of $ 69.10 million. In the same quarter of the previous year, the company posted EPS of $ 0.62.
Several equity analysts have recently weighed on AVNW stocks. Northland Securities raised its price target on Aviat Networks stock from $ 45 to $ 50.00 and gave the company an “outperformance” rating in a research report released on Monday, October 4. Litchfield Hills Research reaffirmed a “buy” note on Aviat Networks shares in a research report on Friday, August 27. Finally, Zacks Investment Research downgraded Aviat Networks shares from a “buy” rating to a “hold” rating in a research report released on Monday, November 8. One investment analyst rated the stock with a conservation rating and four issued a buy rating for the stock. According to data from MarketBeat.com, the company currently has an average “Buy” rating and a consensus target price of $ 46.25.
In other Aviat Networks news, Vice Chairman Bryan Tucker sold 5,755 shares of the company in a transaction dated Monday, November 15. The shares were sold at an average price of $ 32.06, for a total trade of $ 184,505.30. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In addition, CFO David M. Gray acquired 1,000 shares of the company in a transaction on Friday, December 3. The shares were acquired at an average cost of $ 29.43 per share, for a total transaction of $ 29,430.00. Disclosure of this purchase can be found here. 3.80% of the shares are held by insiders of the company.
Several institutional investors have recently changed their positions in the company. Royal Bank of Canada increased its holdings of Aviat Networks shares by 20.1% in the third quarter. Royal Bank of Canada now owns 2,422 shares of the communications equipment supplier valued at $ 80,000 after purchasing an additional 406 shares in the last quarter. Citigroup Inc. increased its stake in Aviat Networks shares by 43.1% in the third quarter. Citigroup Inc. now owns 1,514 shares of the communications equipment supplier valued at $ 50,000 after purchasing an additional 456 shares in the last quarter. Navellier & Associates Inc. increased its stake in Aviat Networks shares by 5.5% in the third quarter. Navellier & Associates Inc. now owns 12,053 shares of the communications equipment supplier valued at $ 396,000 after purchasing an additional 624 shares in the last quarter. Trexquant Investment LP increased its stake in Aviat Networks shares by 11.5% in the third quarter. Trexquant Investment LP now owns 7,228 shares of the communications equipment supplier valued at $ 238,000 after purchasing an additional 745 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new equity stake in Aviat Networks in the second quarter valued at approximately $ 25,000. 58.08% of the shares are currently held by hedge funds and other institutional investors.
AVNW opened at $ 31.27 on Thursday. The company has a market cap of $ 349.66 million, a P / E ratio of 3.40 and a beta of 1.93. The company has a 50-day moving average of $ 30.76 and a 200-day moving average of $ 33.49. Aviat Networks has a 52 week low of $ 16.02 and a 52 week high of $ 43.76.
About Aviat Networks
Aviat Networks, Inc. is engaged in the design, manufacture and sale of wireless network products and solutions. Its product includes wireless transmission network systems for microwave and millimeter wave network applications such as microwave routers, microwave switches and split mount RF units. It also offers services such as network planning and design, site surveys and construction, systems integration, installation, maintenance, network monitoring, training and customer services.
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