Ceragon Networks (NASDAQ:CRNT) Price Target Cut to $4.00 by Analysts at Roth Capital

Ceragon Networks (NASDAQ:CRNT - Get Free Report) had its target price reduced by research analysts at Roth Capital from $5.00 to $4.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the communications equipment provider's stock. Roth Capital's target price would indicate a potential upside of 76.60% from the stock's current price. Roth Capital also issued estimates for Ceragon Networks' FY2025 earnings at $0.27 EPS, Q3 2026 earnings at $0.11 EPS, Q4 2026 earnings at $0.13 EPS and FY2026 earnings at $0.40 EPS.

Several other research analysts also recently issued reports on the company. Needham & Company LLC cut their price target on Ceragon Networks from $6.00 to $4.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Wall Street Zen cut Ceragon Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $5.60.

Ceragon Networks Price Performance

Shares of CRNT traded up $0.03 during mid-day trading on Friday, reaching $2.27. 591,590 shares of the company's stock were exchanged, compared to its average volume of 1,144,602. The stock has a market capitalization of $201.43 million, a PE ratio of 8.71 and a beta of 1.06. The business's fifty day simple moving average is $2.40 and its 200-day simple moving average is $2.90. Ceragon Networks has a 52-week low of $1.95 and a 52-week high of $5.73.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. Ceragon Networks had a net margin of 5.75% and a return on equity of 19.04%. Equities research analysts predict that Ceragon Networks will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Ceragon Networks

A number of institutional investors have recently made changes to their positions in the business. Hillsdale Investment Management Inc. grew its stake in Ceragon Networks by 3.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 80,800 shares of the communications equipment provider's stock worth $377,000 after buying an additional 3,000 shares during the last quarter. Axis Wealth Partners LLC bought a new position in Ceragon Networks during the 2nd quarter worth $26,000. Algert Global LLC grew its stake in Ceragon Networks by 32.2% during the 4th quarter. Algert Global LLC now owns 46,454 shares of the communications equipment provider's stock worth $217,000 after buying an additional 11,310 shares during the last quarter. Penn Capital Management Company LLC bought a new position in Ceragon Networks during the 4th quarter worth $54,000. Finally, Commonwealth Equity Services LLC bought a new position in Ceragon Networks during the 4th quarter worth $58,000. 13.31% of the stock is owned by institutional investors and hedge funds.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.