Analysts at Northland Securities have revised their earnings per share (EPS) estimates for **Aviat Networks, Inc.** (NASDAQ: AVNW) for the third quarter of 2026, following a recent earnings report. In a note published on February 4, 2026, analyst **T. Savageaux** lowered the expected EPS from **$0.56** to **$0.31**. This adjustment reflects ongoing challenges for the communications equipment provider, which is currently forecasted to earn **$0.50** per share for the entire fiscal year.
Aviat Networks reported its latest quarterly earnings on February 3, 2026, revealing an EPS of **$0.54**, surpassing analysts’ expectations of **$0.48** by **$0.06**. The company also achieved revenues of **$111.47 million**, exceeding estimates of **$109.67 million**. Aviat’s return on equity stood at **10.71%**, with a net margin of **3.27%**.
Analyst Ratings and Future Projections
Following the earnings disclosure, several analysts provided their insights on the stock. **Citizens JMP** maintained a “market outperform” rating and set a price target of **$30.00**. **Lake Street Capital** reiterated a “buy” rating with a target price of **$34.00**. Conversely, **Roth MKM** revised its target down from **$41.00** to **$38.00**, while **Zacks Research** upgraded the stock from a “strong sell” to a “hold” rating.
Overall, five analysts have given **Aviat Networks** a “buy” rating, while two have opted for a “hold” rating. Data from **MarketBeat.com** indicates an average rating of “Moderate Buy” and a consensus price target of **$34.80**.
Stock Performance and Institutional Investments
As of February 4, 2026, shares of Aviat Networks opened at **$26.36**, reflecting a gain of **2.2%**. The stock’s fifty-day moving average stands at **$21.76**, with a two-hundred-day moving average of **$22.39**. Aviat Networks has a market capitalization of approximately **$340.04 million**, a price-to-earnings ratio of **23.54**, and a beta value of **0.96**. The company’s debt-to-equity ratio is **0.37**, while it registered a current ratio of **1.85** and a quick ratio of **1.56**. Over the past twelve months, the stock has fluctuated between a low of **$15.80** and a high of **$27.02**.
Recent reports reveal that institutional investors hold approximately **78.62%** of Aviat Networks’ shares. Notable movements include **American Century Companies Inc.**, which increased its stake by **157.8%** during the second quarter, acquiring an additional **88,713 shares** and raising its total ownership to **144,922 shares**, valued at **$3,485,000**. Other firms, such as **White Pine Capital LLC** and **Crown Advisors Management Inc.**, also increased their holdings during the same period.
Insider trading activity has also been notable, with CEO **Pete A. Smith** selling **5,350 shares** on November 11, 2025, for an average price of **$23.39**, totaling approximately **$125,136.50**. Following this transaction, Smith retains **349,447 shares**, valued at roughly **$8,173,565.33**. Similarly, Director **Bruce M. Taten** sold **3,268 shares** on the same day, receiving around **$76,438.52**.
Company Overview
Aviat Networks specializes in wireless transport solutions, focusing on microwave networking products that facilitate secure and reliable data, voice, and video transmission. The company addresses critical communications needs across various sectors, including telecommunications, utilities, government agencies, and enterprise markets. Its product lineup features high-capacity packet microwave radios, IP transport systems, and network management software, with notable offerings such as the **WTM series** and the **Eclipse packet microwave systems**.
As Aviat Networks navigates these financial adjustments and market dynamics, stakeholders will be monitoring its performance and strategic direction closely.
