Aviat Networks (AVNW, Financial) experienced a significant stock price increase of 5.03%, reaching $15.88 per share. The trading volume was 172,569 shares, with a turnover rate of 1.36% and a price fluctuation of 6.38%.
Recent financial reports indicate that Aviat Networks generated $88.43 million in revenue, with a net loss of $11.88 million and an earnings per share (EPS) of -$0.94. The gross profit stood at $19.79 million, resulting in a negative price-to-earnings (P/E) ratio of -41.71.
All six institutions that rated Aviat Networks recommended a "buy," with no suggestions to hold or sell. Within the telecommunications industry, where Aviat Networks operates, there was an overall increase of 1.71%. Other notable stocks in the sector included Amplitech Group, Inc., Viasat, Inc., and Ceragon Networks, which saw significant gains. Active stocks included Akoustis Technologies, Inc., Applied Optoelectronics, and Siyata Mobile, Inc., with turnover rates of 17.42%, 7.09%, and 5.06%, respectively. Stocks with considerable price fluctuations were Amplitech Group, Inc., Akoustis Technologies, Inc., and Ondas Holdings Inc., with fluctuations of 29.18%, 24.90%, and 20.83%, respectively.
Aviat Networks Inc is a provider of network solutions, offering wireless network products, solutions, and services globally. Their product range includes licensed point-to-point microwave and millimeter-wave radios, lightly licensed and unlicensed products, and network management software.
