Stock Rating Downgrade
The Value Trend Rating for Aviat Networks Inc (NASDAQ: AVNW) weakened during the last several trading days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Aviat Networks Inc (NASDAQ: AVNW) stock closed at $29.62 on 8/1/24 after a decline of -4.5%. Trading volume in this decline was normal. The stock has risen 2.0% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
AVNW’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Aviat Networks has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Aviat Networks has a good Appreciation Score of 74 but a neutral Power Rating of 44, triggering the High Neutral Value Trend Rating.
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