B. Riley Securities Maintains Buy Rating for Aviat Networks: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Aviat Networks AVNW and raise its price target from $57.00 to $58.00.

Shares of Aviat Networks are trading up 16.63% over the last 24 hours, at $38.44 per share.

A move to $58.00 would account for a 50.88% increase from the current share price.

About Aviat Networks

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. Primarily the firm's concentrations for most of the Sales and Service resources are in the United States, Western and Southern Africa, the Philippines, and the European Union.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.