Ceragon Networks Ltd. (NASDAQ:CRNT) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analyst consensus: Five brokerages rate Ceragon an overall "Hold" (1 sell, 1 hold, 3 buy) with an average 12‑month price target of $3.50.
• Quarterly results missed: The company reported EPS of $0.02 versus $0.03 expected and revenue of $82.33M versus $84.23M, producing a slight negative net margin (-0.62%) despite positive ROE (3.52%).
• Shares traded at $2.12 (12‑month range $1.82–$2.84) with a market cap of about $188M and a negative P/E (~-105.8); institutional ownership is ~13.3% and several funds recently added or initiated positions.

Ceragon Networks Ltd. (NASDAQ:CRNT - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.50.

Several equities analysts have weighed in on CRNT shares. Lake Street Capital initiated coverage on Ceragon Networks in a research report on Tuesday. They issued a "buy" rating and a $3.50 target price for the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ceragon Networks in a research note on Friday. Finally, Zacks Research cut shares of Ceragon Networks from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 20th.

Ceragon Networks Price Performance

CRNT traded up $0.11 on Tuesday, reaching $2.12. 86,186 shares of the company's stock were exchanged, compared to its average volume of 478,239. Ceragon Networks has a twelve month low of $1.82 and a twelve month high of $2.84. The stock has a market cap of $188.09 million, a PE ratio of -105.75 and a beta of 1.20. The stock's fifty day moving average price is $2.28 and its 200-day moving average price is $2.25.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.01). Ceragon Networks had a positive return on equity of 3.52% and a negative net margin of 0.62%.The company had revenue of $82.33 million for the quarter, compared to analyst estimates of $84.23 million. As a group, research analysts predict that Ceragon Networks will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. CSM Advisors LLC purchased a new position in shares of Ceragon Networks during the third quarter worth about $4,819,000. Private Advisor Group LLC acquired a new stake in shares of Ceragon Networks during the third quarter worth about $2,247,000. First Wilshire Securities Management Inc. lifted its holdings in shares of Ceragon Networks by 23.6% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 4,058,774 shares of the communications equipment provider's stock valued at $9,985,000 after purchasing an additional 775,782 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Ceragon Networks by 642.7% in the 2nd quarter. Squarepoint Ops LLC now owns 552,939 shares of the communications equipment provider's stock valued at $1,360,000 after purchasing an additional 478,489 shares during the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in shares of Ceragon Networks by 36.9% in the 3rd quarter. Essex Investment Management Co. LLC now owns 1,418,197 shares of the communications equipment provider's stock valued at $3,304,000 after purchasing an additional 382,058 shares during the period. 13.31% of the stock is owned by institutional investors and hedge funds.

Ceragon Networks Company Profile

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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