Roth Capital Predicts Weaker Earnings for Ceragon Networks

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) - Investment analysts at Roth Capital reduced their FY2025 earnings estimates for Ceragon Networks in a research report issued to clients and investors on Wednesday, August 6th. Roth Capital analyst S. Searle now expects that the communications equipment provider will post earnings per share of $0.15 for the year, down from their prior estimate of $0.27. Roth Capital currently 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.

A number of other research firms also recently issued reports on CRNT. Wall Street Zen downgraded shares of Ceragon Networks from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Needham & Company LLC dropped their price objective on shares of Ceragon Networks from $4.50 to $3.00 and set a "buy" rating on the stock in a report on Wednesday, August 6th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.30.

Ceragon Networks Price Performance

Shares of CRNT traded up $0.02 on Friday, reaching $1.96. The company's stock had a trading volume of 550,358 shares, compared to its average volume of 1,344,761. The stock has a market capitalization of $173.86 million, a P/E ratio of 12.16 and a beta of 1.00. The stock's 50 day simple moving average is $2.35 and its two-hundred day simple moving average is $2.61. Ceragon Networks has a 12-month low of $1.82 and a 12-month high of $5.73.

Institutional Investors Weigh In On Ceragon Networks

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. KLCM Advisors Inc. bought a new stake in Ceragon Networks in the first quarter worth $1,871,000. Marshall Wace LLP increased its position in Ceragon Networks by 598.1% in the fourth quarter. Marshall Wace LLP now owns 703,091 shares of the communications equipment provider's stock worth $3,283,000 after purchasing an additional 602,383 shares during the last quarter. Millennium Management LLC increased its position in Ceragon Networks by 123.9% in the fourth quarter. Millennium Management LLC now owns 962,898 shares of the communications equipment provider's stock worth $4,497,000 after purchasing an additional 532,798 shares during the last quarter. Renaissance Technologies LLC increased its position in Ceragon Networks by 47.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,333,295 shares of the communications equipment provider's stock worth $6,226,000 after purchasing an additional 426,760 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Ceragon Networks in the first quarter worth $983,000. Institutional investors own 13.31% of the company's stock.

About Ceragon Networks

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.