5 Best Stocks for Beginners with Little Money

2. Aviat Networks, Inc. (NASDAQ: AVNW)

Number of hedge fund holders: 15

Aviat Networks, Inc. (NASDAQ: AVNW) is a Texas-based company that develops and markets wireless networking products and services in North America, Africa, the Middle East, Europe, Russia, Latin America, and the Asia Pacific. Some of the products that the company sells include broadband wireless access base stations, customer premises equipment for mobile networks; and digital microwave radio systems. The company was founded in 2006 and is placed second on our list of 10 best stocks for beginners with little money. 

Aviat Networks, Inc. (NASDAQ: AVNW) has a market cap of more than $350 million and posted an annual revenue of more than $238 million in July 2020, down slightly from $243 million reported the year before. On April 19, the share price of the firm jumped more than 5% after it announced that it had signed a multi-million dollar agreement with African mobile operator Africell to provide 5G transmission networks in several African countries.

At the end of the fourth quarter of 2020, 15 hedge funds in the database of Insider Monkey held stakes worth $49 million in the firm, up from 5 in the preceding quarter worth $27 million.