Copyright investors
The IBD SmartSelect Composite Rating for Aviat Networks (AVNW) rose from 92 to 98 Thursday. The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. Aviat Networks is currently forming a cup with handle, with a 26.25 buy point. Look for the stock to break out in volume at least 40% above average. Understand that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may experience more volatility than those with more liquidity. The stock sports an 83 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 83% of all stocks. Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks. In Q1, the company posted 0% EPS growth. Revenue growth increased 21%, up from -1% in the prior quarter. That marks one quarter of accelerating revenue increases. Aviat Networks earns the No. 2 rank among its peers in the Telecom-Infrastructure industry group. Ubiquiti (UI) is the top-ranked stock within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article. YOU MAY ALSO LIKE
