Why Aviat Networks (AVNW) Stock Is Tumbling Today

NEW YORK (TheStreet) -- Aviat Networks (AVNW) stock is tumbling on Wednesday after reporting third-quarter revenue below consensus and a net loss wider than analysts expected. 

By midafternoon, shares of the nano-cap had plummeted 28.2% to $1.07.

Over the three months to March, the company reported a net loss of 16 cents a share, 10 cents wider than analysts surveyed by Thomson Reuters anticipated. Revenue of $81.4 million fell short of estimates of $95.9 million. 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

TheStreet Ratings team rates AVIAT NETWORKS INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate AVIAT NETWORKS INC (AVNW) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."

Must Read: Warren Buffett's 10 Favorite Growth Stocks

STOCKS TO BUY: TheStreet's Stocks Under $10 has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you liked this article you might like

Insider Trading Alert - AVNW, GOOD And PANW Traded By Insiders

Insider Trading Alert - AVNW, FLEX And CETV Traded By Insiders

Insider Trading Alert - AVNW, BURL And SIX Traded By Insiders

Insider Trading Alert - NWL, FBHS And AVNW Traded By Insiders

Insider Trading Alert - CCUR, GEVO And AVNW Traded By Insiders