Northland Securities analyst Tim Savageaux maintained a Buy rating on Aviat Networks (AVNW – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $32.72.
According to TipRanks, Savageaux is a 5-star analyst with an average return of 17.5% and a 57.61% success rate. Savageaux covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Aviat Networks, and AXT.
Currently, the analyst consensus on Aviat Networks is a Strong Buy with an average price target of $55.00, implying a 68.09% upside from current levels. In a report released on September 18, Lake Street also reiterated a Buy rating on the stock with a $51.00 price target.
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AVNW market cap is currently $377.6M and has a P/E ratio of 34.14.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVNW in relation to earlier this year.
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Aviat Networks (AVNW) Company Description:
Aviat Networks, Inc. engages in the design, manufacture, and sale of wireless networking 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. It operates through the following geographical segments: North America, Africa and the Middle East, Europe and Russia, and Latin America and Asia Pacific. The company was founded in 1984 and is headquartered in Milpitas, CA.
Read More on AVNW:
- Aviat Networks management to meet with JMP Securities
- Aviat Networks selected by Hoosier Energy
- Aviat Networks price target raised to $59 from $58 at B. Riley
- Aviat Networks Announces Fiscal 2023 Fourth Quarter and Twelve Months Financial Results
- Aviat Networks sees FY24 revenue $367M-$374M, consensus $370.44M
