Tue Sep 17 05:43:43 UTC 2024: ## Aviat Networks’ Earnings Estimates Revised Down by B. Riley, Stock Remains “Buy”
**[City, State] -** Aviat Networks, Inc. (NASDAQ: AVNW), a provider of microwave and wireless access networking solutions, saw its FY2024 earnings per share estimates lowered by B. Riley on Thursday, September 12th. Analyst D. Kang now expects the company to earn $2.58 per share, down from the previous forecast of $2.85. Despite the downward revision, B. Riley maintains a “Buy” rating on the stock with a $42.00 price target.
The consensus estimate for Aviat Networks’ full-year earnings remains at $2.84 per share. B. Riley also projected Q3 2025 earnings at $0.71 EPS and Q4 2025 earnings at $1.03 EPS.
Other analysts have also weighed in on AVNW. StockNews.com upgraded Aviat Networks from “buy” to “strong-buy” on September 11th, while Northland Securities restated its “outperform” rating with a $40.00 price target (down from $50.00). Lake Street Capital reaffirmed a “buy” rating and a $51.00 target price in July.
Currently, four analysts rate the stock as a “buy,” and one assigns a “strong buy” rating. According to MarketBeat, Aviat Networks has an average rating of “Buy” and an average price target of $45.75.
The company opened at $22.09 on Monday. Its 50-day moving average stands at $27.46, and the 200-day moving average is $30.68. Aviat Networks has a 52-week low of $18.00 and a 52-week high of $38.85. The firm boasts a market capitalization of $277.56 million, a PE ratio of 19.55, and a beta of 1.81.
Institutional investor activity in AVNW remains strong. nVerses Capital LLC acquired a new stake worth $29,000 in the second quarter. BNP Paribas Financial Markets increased its stake by 84.8% in the first quarter, now holding 5,475 shares worth $210,000. Covestor Ltd expanded its position by 309.8% in the first quarter, owning 5,934 shares worth $228,000. Dynamic Technology Lab Private Ltd purchased a new position worth $400,000 in the fourth quarter. Finally, Truvestments Capital LLC boosted its stake by 26.2% in the first quarter, now owning 10,654 shares worth $408,000. Hedge funds and institutional investors control 78.62% of the company’s stock.
Aviat Networks provides microwave and wireless access networking solutions globally. The company’s product offerings include outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; private LTE, virtual fiber, and element management products; and hosted software products.
First Piper 