Aviat Networks (NASDAQ:AVNW) Announces Quarterly Earnings Results, Beats Expectations By $0.19 EPS
Aviat Networks (NASDAQ:AVNW) announced its quarterly earnings results on Thursday. The communications equipment provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.19, Fidelity Earnings reports. The firm had revenue of $58.61 million for the quarter. Aviat Networks had a net margin of 3.99% and a return on equity of 4.91%.
Shares of NASDAQ AVNW traded up $0.49 during trading on Friday, reaching $13.91. 54,300 shares of the company traded hands, compared to its average volume of 9,169. The firm has a 50 day simple moving average of $13.91 and a 200-day simple moving average of $13.46. Aviat Networks has a 52-week low of $12.29 and a 52-week high of $16.53. The stock has a market capitalization of $73.38 million, a PE ratio of 24.59 and a beta of 0.77.
About Aviat Networks
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