AVNW Stock Summary and Trading Ideas (Aviat Networks | NASDAQ:AVNW)

Aviat Networks Inc is a networking solutions provider. It designs, manufactures, and sells wireless networking products, solutions, and services to mobile and fixed operators, private network operators, government agencies, transportation and utility companies, public safety agencies, and broadcast network operators around the world. The company's product categories include point-to-point microwave and millimeter wave radios that are licensed (subject to local frequency regulatory requirements), lightly licensed and license-exempt (operating in license-exempt frequencies), and element and network management software.

Aviat Networks trades on the NASDAQ stock market under the symbol AVNW.

As of April 23, 2024, AVNW stock price climbed to $33.18 with 52,651 million shares trading.

AVNW has a beta of 1.88, meaning it tends to be more sensitive to market movements. AVNW has a correlation of 0.27 to the broad based SPY ETF.

AVNW has a market cap of $416.32 million. This is considered a Small Cap stock.

Last quarter Aviat Networks reported $95 million in Revenue and $.97 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.10.

In the last 3 years, AVNW stock traded as high as $42.81 and as low as $21.15.

The top ETF exchange traded funds that AVNW belongs to (by Net Assets): VTI, IWM, VXF, IWN, VTWO.

AVNW has underperformed the market in the last year with a price return of +2.1% while the SPY ETF gained +24.3%. However, in the short term, AVNW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.0% vs +4.9% return in SPY. But in the last 2 weeks, AVNW shares have been beat by the market, returning -5.1% compared to an SPY return of -2.5%.

AVNW support price is $32.15 and resistance is $33.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVNW stock will trade within this expected range on the day.