Roth Capital Issues Pessimistic Estimate for CRNT Earnings

Key Points

• Roth Capital has lowered its FY2025 earnings forecast for Ceragon Networks from $0.27 to $0.15 per share while maintaining a "Buy" rating with a price target of $4.00.
• Ceragon Networks reported a quarterly earnings result of $0.02 EPS, aligning with consensus estimates, and has a net margin of 3.57%.
• Analysts have mixed ratings on Ceragon Networks, with some downgrading to "hold" and target prices adjusted lower, yet the stock retains an average rating of "Moderate Buy."

Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) - Stock analysts at Roth Capital decreased their FY2025 earnings estimates for shares of Ceragon Networks in a research report issued to clients and investors on Wednesday, August 6th. Roth Capital analyst S. Searle now forecasts that the communications equipment provider will earn $0.15 per share for the year, down from their previous estimate of $0.27. Roth Capital has a "Buy" rating and a $4.00 price target on the stock. The consensus estimate for Ceragon Networks' current full-year earnings is $0.26 per share.

Ceragon Networks (NASDAQ:CRNT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The communications equipment provider reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. Ceragon Networks had a net margin of 3.57% and a return on equity of 13.89%.

A number of other equities research analysts have also issued reports on CRNT. Wall Street Zen lowered shares of Ceragon Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Needham & Company LLC decreased their target price on Ceragon Networks from $4.50 to $3.00 and set a "buy" rating for the company in a report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $5.30.

Ceragon Networks Stock Up 1.4%

CRNT opened at $1.87 on Friday. Ceragon Networks has a 52 week low of $1.82 and a 52 week high of $5.73. The business has a fifty day simple moving average of $2.36 and a 200-day simple moving average of $2.68. The firm has a market cap of $165.85 million, a P/E ratio of 11.66 and a beta of 1.00.

Hedge Funds Weigh In On Ceragon Networks

A number of large investors have recently modified their holdings of the business. Axis Wealth Partners LLC purchased a new stake in shares of Ceragon Networks in the 2nd quarter worth about $26,000. Bank of Montreal Can purchased a new position in shares of Ceragon Networks during the 2nd quarter worth $35,000. Worth Venture Partners LLC purchased a new stake in Ceragon Networks in the 1st quarter valued at about $47,000. Penn Capital Management Company LLC acquired a new stake in shares of Ceragon Networks in the fourth quarter worth approximately $54,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Ceragon Networks in the fourth quarter valued at approximately $58,000. 13.31% of the stock is owned by hedge funds and other 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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