Ceragon Networks (NASDAQ:CRNT - Get Free Report) had its target price dropped by investment analysts at Roth Capital from $5.00 to $4.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the communications equipment provider's stock. Roth Capital's price objective suggests a potential upside of 75.44% from the stock's previous close. 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.
A number of other research analysts also recently commented on CRNT. Needham & Company LLC dropped their price objective on Ceragon Networks from $6.00 to $4.50 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Wall Street Zen downgraded Ceragon Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.60.
Check Out Our Latest Analysis on CRNT
Ceragon Networks Trading Down 4.6%
NASDAQ CRNT traded down $0.11 on Friday, reaching $2.28. 1,027,221 shares of the company were exchanged, compared to its average volume of 1,144,586. The stock has a market capitalization of $202.76 million, a P/E ratio of 8.77 and a beta of 1.06. Ceragon Networks has a fifty-two week low of $1.95 and a fifty-two week high of $5.73. The business's fifty day moving average price is $2.40 and its 200 day moving average price is $2.90.
Ceragon Networks (NASDAQ:CRNT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The communications equipment provider reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates of $0.02. Ceragon Networks had a return on equity of 19.04% and a net margin of 5.75%. Equities research analysts forecast that Ceragon Networks will post 0.26 earnings per share for the current year.
Hedge Funds Weigh In On Ceragon Networks
Hedge funds and other institutional investors have recently bought and sold shares of the company. Axis Wealth Partners LLC purchased a new position in Ceragon Networks during the second quarter worth $26,000. Worth Venture Partners LLC purchased a new position in Ceragon Networks during the first quarter worth $47,000. Penn Capital Management Company LLC purchased a new position in Ceragon Networks during the fourth quarter worth $54,000. Commonwealth Equity Services LLC purchased a new position in Ceragon Networks during the fourth quarter worth $58,000. Finally, State of Wyoming purchased a new position in Ceragon Networks during the first quarter worth $58,000. 13.31% of the stock is owned by institutional investors and hedge funds.
About Ceragon Networks
(
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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.
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