FY2025 EPS Estimates for Ceragon Networks Lowered by Aegis

Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) - Equities research analysts at Aegis dropped their FY2025 earnings estimates for Ceragon Networks in a research report issued on Tuesday, June 24th. Aegis analyst R. Dionisio now forecasts that the communications equipment provider will post earnings of $0.26 per share for the year, down from their prior estimate of $0.30. The consensus estimate for Ceragon Networks' current full-year earnings is $0.26 per share.

Other research analysts also recently issued research reports about the company. Craig Hallum started coverage on Ceragon Networks in a report on Thursday, March 13th. They set a "buy" rating and a $5.00 target price on the stock. Needham & Company LLC reduced their price objective on Ceragon Networks from $6.00 to $4.50 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Wall Street Zen downgraded shares of Ceragon Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $6.00.

Ceragon Networks Stock Performance

NASDAQ:CRNT opened at $2.48 on Friday. The company has a market capitalization of $220.55 million, a price-to-earnings ratio of 9.54 and a beta of 1.04. Ceragon Networks has a one year low of $1.95 and a one year high of $5.73. The stock has a 50-day simple moving average of $2.30 and a 200 day simple moving average of $3.17.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Ceragon Networks had a net margin of 5.75% and a return on equity of 19.04%.

Hedge Funds Weigh In On Ceragon Networks

Institutional investors have recently made changes to their positions in the stock. Penn Capital Management Company LLC bought a new stake in shares of Ceragon Networks in the 4th quarter worth approximately $54,000. Commonwealth Equity Services LLC acquired a new stake in Ceragon Networks in the fourth quarter worth $58,000. Bravias Capital Group LLC bought a new stake in Ceragon Networks in the fourth quarter valued at $71,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Ceragon Networks during the fourth quarter valued at $81,000. Finally, Worth Venture Partners LLC acquired a new position in shares of Ceragon Networks during the first quarter valued at $47,000. 13.31% of the stock is owned by institutional investors.

Ceragon Networks Company Profile

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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