Ceragon Networks (NASDAQ:CRNT) Shares Break Above 50-Day Moving Average - Here's Why

Key Points

• Ceragon shares moved above their 50-day moving average, reaching $2.22 intraday before trading at $2.11.
• Q3 revenue rose 11.7% year over year to $95.5 million, slightly ahead of forecasts, while non-GAAP EPS of $0.07 beat the $0.04 estimate; gross margin also improved sequentially.
• Needham raised its price target from $3.00 to $3.50 and maintained a Buy rating. Ceragon’s 2026 revenue guidance of $365 million–$375 million is broadly in line with analyst expectations.

Ceragon Networks Ltd. (NASDAQ:CRNT - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $2.08 and traded as high as $2.22. Ceragon Networks shares last traded at $2.11, with a volume of 1,530,974 shares changing hands.

Key Stories Impacting Ceragon Networks

Here are the key news stories impacting Ceragon Networks this week:

• Positive Sentiment: Q3 revenue rose 11.7% year over year to $95.5 million, slightly exceeding the $94.4 million consensus estimate. Non-GAAP EPS was $0.07, beating the $0.04 estimate. The company also reported a 430-basis-point sequential improvement in gross margin and generated $14.1 million in operating cash flow. Ceragon Reports 2026 Third Quarter Financial Results
• Positive Sentiment: Needham raised its price target on CRNT from $3.00 to $3.50 and maintained a Buy rating, signaling increased analyst optimism. Tickerreport article
• Neutral Sentiment: FY 2026 revenue guidance of $365 million–$375 million brackets the analyst consensus estimate of $369 million, making the outlook broadly in line with expectations.

Wall Street Analysts Forecast Growth

CRNT has been the topic of a number of research reports. Zacks Research raised Ceragon Networks from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 27th. Needham & Company LLC increased their target price on Ceragon Networks from $3.00 to $3.50 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen downgraded shares of Ceragon Networks from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings lowered shares of Ceragon Networks from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ceragon Networks has an average rating of "Moderate Buy" and an average price target of $3.88.

Ceragon Networks Stock Performance

The company has a market cap of $191.79 million, a price-to-earnings ratio of -70.33 and a beta of 1.36. The stock's fifty day moving average is $2.08 and its two-hundred day moving average is $2.32.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $95.52 million for the quarter, compared to analysts' expectations of $94.40 million. Ceragon Networks had a negative net margin of 0.95% and a positive return on equity of 2.74%. On average, equities research analysts expect that Ceragon Networks Ltd. will post 0.10 EPS for the current year.

Hedge Funds Weigh In On Ceragon Networks

Several large investors have recently bought and sold shares of the stock. First Wilshire Securities Management Inc. grew its stake in shares of Ceragon Networks by 18.0% in the 1st quarter. First Wilshire Securities Management Inc. now owns 4,854,150 shares of the communications equipment provider's stock worth $10,485,000 after acquiring an additional 740,358 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Ceragon Networks in the first quarter valued at about $911,000. Seven Mile Advisory bought a new position in shares of Ceragon Networks during the third quarter valued at about $90,000. Renaissance Technologies LLC lifted its position in shares of Ceragon Networks by 13.7% during the first quarter. Renaissance Technologies LLC now owns 214,500 shares of the communications equipment provider's stock valued at $463,000 after purchasing an additional 25,800 shares in the last quarter. Finally, R Squared Ltd lifted its position in shares of Ceragon Networks by 71.3% during the first quarter. R Squared Ltd now owns 55,838 shares of the communications equipment provider's stock valued at $121,000 after purchasing an additional 23,234 shares in the last quarter. 13.31% of the stock is currently owned by institutional investors.

About Ceragon Networks

Ceragon Networks Ltd. NASDAQ: CRNT is a telecommunications equipment and solutions provider headquartered in Israel. The company develops wireless transport systems that help communications service providers connect mobile networks, broadband infrastructure and other distributed sites without relying solely on fiber-optic connections.

Its product portfolio includes microwave and millimeter-wave radio systems, packet microwave solutions, antennas, network management software and related services.

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