Rodman & Renshaw Comments on Aviat Networks

Rodman & Renshaw provided color on Aviat Networks AVNW in a research report published today. Rodman & Renshaw has previously given Aviat Networks a Market Outperform rating and $6.50 price target. In the report, Rodman & Renshaw states, "This morning, AVNW announced the appointment of Mike Pangia as CEO. Mike previously held the position of Chief Sales Officer since his hiring in March 2009. Mike has been instrumental in the turnaround at AVNW over the past 12 months." Shares of Aviat Networks closed today at $4.07, up 6.27% from Friday's market close.