Wall Street Zen Upgrades Ceragon Networks (NASDAQ:CRNT) to "Strong-Buy"

Key Points

• Wall Street Zen upgraded Ceragon Networks to “Strong Buy” from “Buy,” adding to a generally positive analyst outlook.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $3.88; Needham raised its target from $3.00 to $3.50 and maintained a Buy rating.
• Ceragon’s latest reported quarter beat estimates, with EPS of $0.07 versus $0.04 expected and revenue of $95.52 million versus $94.40 million expected.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also issued reports on the stock. Zacks Research raised shares of Ceragon Networks from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 27th. Needham & Company LLC boosted their price objective on Ceragon Networks from $3.00 to $3.50 and gave the stock a "buy" rating in a report on Thursday. Finally, Weiss Ratings lowered Ceragon Networks from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3.88.

Ceragon Networks Stock Performance

NASDAQ CRNT opened at $2.28 on Friday. Ceragon Networks has a fifty-two week low of $1.85 and a fifty-two week high of $3.29. The firm has a market capitalization of $207.23 million, a P/E ratio of -76.00 and a beta of 1.36. The stock has a 50-day simple moving average of $2.08 and a two-hundred day simple moving average of $2.32.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last issued its earnings results on Thursday, November 5th. The communications equipment provider reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The company had revenue of $95.52 million for the quarter, compared to analysts' expectations of $94.40 million. Ceragon Networks had a negative net margin of 0.95% and a positive return on equity of 2.74%. As a group, analysts forecast that Ceragon Networks will post 0.10 earnings per share for the current year.

Institutional Investors Weigh In On Ceragon Networks

A number of hedge funds have recently added to or reduced their stakes in CRNT. Spark Investment Management LLC purchased a new position in Ceragon Networks during the second quarter worth approximately $27,000. Seven Mile Advisory bought a new stake in Ceragon Networks in the third quarter valued at approximately $90,000. AXQ Capital LP raised its stake in Ceragon Networks by 66.3% in the 2nd quarter. AXQ Capital LP now owns 48,663 shares of the communications equipment provider's stock worth $126,000 after purchasing an additional 19,404 shares in the last quarter. R Squared Ltd increased its holdings in Ceragon Networks by 10.9% in the third quarter. R Squared Ltd now owns 63,465 shares of the communications equipment provider's stock worth $131,000 after purchasing an additional 6,256 shares in the last quarter. Finally, Aristides Capital LLC raised its holdings in Ceragon Networks by 15.5% during the 1st quarter. Aristides Capital LLC now owns 162,963 shares of the communications equipment provider's stock valued at $352,000 after acquiring an additional 21,833 shares during the period. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

Ceragon Networks News Roundup

Here are the key news stories impacting Ceragon Networks this week:

• Positive Sentiment: Q3 results topped estimates. Ceragon reported revenue of $95.5 million, up 11.7% year over year and above the $94.4 million consensus. Non-GAAP EPS was $0.07, beating the $0.04 estimate. Improved revenue mix lifted gross margin by 430 basis points sequentially, and the company generated $14.1 million in cash from operations. Growth included stronger demand in India and a North American rebound. Read More.
• Positive Sentiment: Needham raised its price target and reiterated a Buy rating. The firm lifted its target from $3.00 to $3.50, signaling increased analyst optimism about CRNT’s prospects. Read More.
• Neutral Sentiment: FY 2026 revenue guidance is close to consensus. Ceragon forecast revenue of $365 million to $375 million, a range that includes the $369 million analyst estimate; the guidance therefore does not indicate a clear material surprise versus expectations. Read More.

About Ceragon Networks

Ceragon Networks Ltd. NASDAQ: CRNT is a telecommunications equipment and solutions provider headquartered in Israel. The company develops wireless transport systems that help communications service providers connect mobile networks, broadband infrastructure and other distributed sites without relying solely on fiber-optic connections.

Its product portfolio includes microwave and millimeter-wave radio systems, packet microwave solutions, antennas, network management software and related services.

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