Ceragon Networks (NASDAQ:CRNT) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Ceragon passed above its 200‑day moving average, trading as high as $2.58 and last at $2.53 on volume of 608,064 shares, signaling a notable technical uptick versus the 200‑day average of $2.25.
• Analysts are mixed — three Buys, one Hold and one Sell — giving a consensus rating of "Hold" and a consensus price target of $3.50.
• Fundamentals remain under pressure: the most recent quarter missed EPS and revenue estimates ($0.02 vs. $0.03 expected), the company has a negative net margin, and a market cap of about $225 million.

Ceragon Networks Ltd. (NASDAQ:CRNT - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.25 and traded as high as $2.58. Ceragon Networks shares last traded at $2.53, with a volume of 608,064 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRNT shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ceragon Networks in a research note on Friday, March 27th. Lake Street Capital started coverage on Ceragon Networks in a research note on Tuesday, March 31st. They issued a "buy" rating and a $3.50 price objective on the stock. Finally, Zacks Research lowered Ceragon Networks from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ceragon Networks presently has an average rating of "Hold" and a consensus target price of $3.50.

Ceragon Networks Stock Performance

The firm has a market capitalization of $224.99 million, a PE ratio of -126.50 and a beta of 1.24. The firm has a fifty day moving average of $2.27 and a 200 day moving average of $2.25.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last announced its earnings results on Tuesday, February 17th. The communications equipment provider reported $0.02 EPS 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 analysts' expectations of $84.23 million. Ceragon Networks had a negative net margin of 0.62% and a positive return on equity of 3.52%. Research analysts forecast that Ceragon Networks Ltd. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ceragon Networks

Several hedge funds have recently modified their holdings of CRNT. CSM Advisors LLC purchased a new stake in shares of Ceragon Networks during the 3rd quarter valued at about $4,819,000. Private Advisor Group LLC purchased a new stake in shares of Ceragon Networks during the 3rd quarter valued at about $2,247,000. Squarepoint Ops LLC raised its holdings in shares of Ceragon Networks by 642.7% during the 2nd quarter. Squarepoint Ops LLC now owns 552,939 shares of the communications equipment provider's stock valued at $1,360,000 after buying an additional 478,489 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of Ceragon Networks by 36.9% during 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 buying an additional 382,058 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Ceragon Networks by 100.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 580,093 shares of the communications equipment provider's stock valued at $1,427,000 after buying an additional 290,695 shares during the period. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

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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