Ceragon Networks Ltd. (NASDAQ:CRNT) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts give Ceragon a consensus rating of Hold from five analysts (1 sell, 1 hold, 3 buy), with an average 12‑month price target of $3.50.
• Ceragon opened at $2.64 (market cap $233.35M, 52‑week range $1.82–$2.84) and recently missed quarterly estimates—EPS $0.02 vs. $0.03 expected and revenue $82.33M vs. $84.23M—producing a slight negative net margin despite a positive ROE.

Shares of Ceragon Networks Ltd. (NASDAQ:CRNT - Get Free Report) have earned a consensus rating of "Hold" from the five analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.50.

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Ceragon Networks from a "hold (c-)" rating to a "sell (d)" rating in a research report on Monday. Zacks Research raised Ceragon Networks from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, Lake Street Capital assumed coverage on Ceragon Networks in a research report on Tuesday, March 31st. They set a "buy" rating and a $3.50 price target on the stock.

Institutional Investors Weigh In On Ceragon Networks

A number of institutional investors have recently modified their holdings of the business. Aristides Capital LLC grew its position in shares of Ceragon Networks by 4.5% during the 4th quarter. Aristides Capital LLC now owns 141,130 shares of the communications equipment provider's stock valued at $296,000 after acquiring an additional 6,130 shares during the period. Virtu Financial LLC acquired a new stake in shares of Ceragon Networks during the 4th quarter valued at about $102,000. XTX Topco Ltd grew its position in shares of Ceragon Networks by 328.4% during the 4th quarter. XTX Topco Ltd now owns 230,857 shares of the communications equipment provider's stock valued at $485,000 after acquiring an additional 176,965 shares during the period. Private Advisor Group LLC grew its position in shares of Ceragon Networks by 47.4% during the 4th quarter. Private Advisor Group LLC now owns 1,420,888 shares of the communications equipment provider's stock valued at $2,984,000 after acquiring an additional 456,710 shares during the period. Finally, Tamar Securities LLC grew its position in shares of Ceragon Networks by 67.3% during the 4th quarter. Tamar Securities LLC now owns 17,016 shares of the communications equipment provider's stock valued at $36,000 after acquiring an additional 6,848 shares during the period. 13.31% of the stock is currently owned by institutional investors and hedge funds.

Ceragon Networks Stock Performance

Shares of CRNT opened at $2.64 on Friday. The business's 50-day moving average is $2.30 and its two-hundred day moving average is $2.26. The company has a market capitalization of $233.35 million, a P/E ratio of -132.00 and a beta of 1.24. Ceragon Networks has a fifty-two week low of $1.82 and a fifty-two week high of $2.84.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $82.33 million for the quarter, compared to analyst estimates of $84.23 million. Ceragon Networks had a positive return on equity of 3.52% and a negative net margin of 0.62%. Analysts forecast that Ceragon Networks will post 0.15 EPS for the current year.

About Ceragon Networks

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon's solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company's product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.

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