Hudson Securities Sees 50% Upside In Aviat Networks (AVNW)

Hudson Securities sees nearly 50% upside in shares of Aviat Networks

, as it has a Buy rating and a $6.50 price target on shares. In a note sent to clients Hudson writes, "We continue to believe that the demand in the wireless backhaul market remains strong and that AVNW is taking the necessary steps to re-align its operations. We believe the shares will appeal to investors that are patient enough to wait for the turnaround to take effect. The company has a broad product line ranging from low-capacity to high-capacity radios, a great distribution network and products that address the carriers' growth in data applications and legacy voice networks." Shares of AVNW closed at $4.14 yesterday.