Roth Capital Cuts Earnings Estimates for Ceragon Networks

Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) - Research analysts at Roth Capital lowered their Q2 2025 EPS estimates for Ceragon Networks in a report released on Wednesday, May 7th. Roth Capital analyst S. Searle now expects that the communications equipment provider will post earnings of $0.04 per share for the quarter, down from their previous estimate of $0.06. The consensus estimate for Ceragon Networks' current full-year earnings is $0.26 per share.

Several other brokerages also recently commented on CRNT. Needham & Company LLC cut their target price 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. StockNews.com lowered shares of Ceragon Networks from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Craig Hallum began coverage on shares of Ceragon Networks in a report on Thursday, March 13th. They set a "buy" rating and a $5.00 target price on the stock. 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $6.00.

Ceragon Networks Trading Down 2.8%

Shares of CRNT stock traded down $0.07 during trading on Friday, reaching $2.43. 729,734 shares of the company's stock traded hands, compared to its average volume of 1,069,634. Ceragon Networks has a 1 year low of $1.95 and a 1 year high of $5.73. The company has a market capitalization of $216.10 million, a P/E ratio of 9.00 and a beta of 1.04. The firm's 50-day moving average is $2.30 and its 200 day moving average is $3.37.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The communications equipment provider reported $0.02 EPS for the quarter, meeting analysts' consensus estimates of $0.02. Ceragon Networks had a return on equity of 21.32% and a net margin of 6.10%.

Institutional Trading of Ceragon Networks

A number of hedge funds have recently bought and sold shares of the company. First Wilshire Securities Management Inc. raised its stake in shares of Ceragon Networks by 11.4% during the first quarter. First Wilshire Securities Management Inc. now owns 3,282,992 shares of the communications equipment provider's stock worth $7,715,000 after acquiring an additional 336,646 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Ceragon Networks during the 1st quarter valued at $90,000. KLCM Advisors Inc. purchased a new position in Ceragon Networks in the 1st quarter worth $1,871,000. Russell Investments Group Ltd. lifted its stake in Ceragon Networks by 25.7% in the first quarter. Russell Investments Group Ltd. now owns 141,589 shares of the communications equipment provider's stock worth $333,000 after purchasing an additional 28,920 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in Ceragon Networks during the 1st quarter valued at about $216,000. Institutional investors own 13.31% of the company's stock.

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.