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NASDAQ:CRNT

Ceragon Networks - CRNT Stock Forecast, Price & News

$2.03
+0.06 (+3.05%)
(As of 12/8/2022 02:59 PM ET)
Add
Compare
Today's Range
$1.95
$2.03
50-Day Range
$1.71
$2.02
52-Week Range
$1.53
$2.87
Volume
4,820 shs
Average Volume
157,620 shs
Market Capitalization
$171.07 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.25

Ceragon Networks MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
158.6% Upside
$5.25 Price Target
Short Interest
Healthy
0.59% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.03) to $0.11 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.08 out of 5 stars

Computer And Technology Sector

373rd out of 621 stocks

Radio & T.V. Communications Equipment Industry

12th out of 26 stocks

CRNT stock logo

About Ceragon Networks (NASDAQ:CRNT) Stock

Ceragon Networks Ltd. provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network. The company also uses microwave technology for ultra-high speed, ultra-low latency communication for wireless 5G and 4G, 3G, and other cellular base stations. In addition, it provides IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/all-indoor solutions comprising IP-20N/IP-20A, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, IP-50S, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. Further, the company offers network management system; and network and radio planning, site survey, solutions development, installation, network auditing and optimization, maintenance, training, and other services. It provides its services to oil and gas companies; public safety organizations; business and public institutions; broadcasters; energy utilities; and private communications networks. The company sells its products through direct sales, original equipment manufacturers, distributors, and system integrators. It operates in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was incorporated in 1996 and is headquartered in Rosh HaAyin, Israel.

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CRNT Stock News Headlines

Ceragon Networks Ltd. (CRNT)
Here's Why Ceragon (CRNT) Looks Ripe for Bottom Fishing
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CRNT Company Calendar

Last Earnings
11/07/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/06/2023

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CRNT
Employees
1,345
Year Founded
1996

Price Target and Rating

Average Stock Price Forecast
$5.25
High Stock Price Forecast
$5.25
Low Stock Price Forecast
$5.25
Forecasted Upside/Downside
+158.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$-14,830,000.00
Pretax Margin
-2.01%

Debt

Sales & Book Value

Annual Sales
$290.77 million
Cash Flow
$0.09 per share
Book Value
$1.64 per share

Miscellaneous

Free Float
68,256,000
Market Cap
$171.07 million
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Mr. Doron Arazi (Age 58)
    Pres & CEO
    Comp: $212.23k
  • Mr. Mario Querner (Age 60)
    Regional Pres of Asia-Pacific & Arica
    Comp: $297.24k
  • Mr. Adrian Hipkiss (Age 56)
    Regional Pres of Europe & Ceragon Kinetics
    Comp: $481.83k
  • Mr. Ronen Stein (Age 55)
    Chief Financial Officer
  • Mr. Guy Toibin (Age 50)
    Exec. VP of IT & Chief Information Officer
  • Ms. Maya Lustig
    Head of Investor Relations
  • Mr. Zvi Maayan (Age 55)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Oz Zimerman (Age 58)
    Exec. VP of Marketing & Corp. Devel.
  • Ms. Michal Goldstein (Age 51)
    Exec. VP of Global HR
  • Mr. Ram Prakash Tripathi (Age 55)
    Regional Pres of India













CRNT Stock - Frequently Asked Questions

Should I buy or sell Ceragon Networks stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRNT shares.
View CRNT analyst ratings
or view top-rated stocks.

What is Ceragon Networks' stock price forecast for 2023?

1 Wall Street analysts have issued 1-year price targets for Ceragon Networks' stock. Their CRNT share price forecasts range from $5.25 to $5.25. On average, they anticipate the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 166.5% from the stock's current price.
View analysts price targets for CRNT
or view top-rated stocks among Wall Street analysts.

How have CRNT shares performed in 2022?

Ceragon Networks' stock was trading at $2.58 at the start of the year. Since then, CRNT shares have decreased by 23.6% and is now trading at $1.97.
View the best growth stocks for 2022 here
.

When is Ceragon Networks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
View our CRNT earnings forecast
.

How were Ceragon Networks' earnings last quarter?

Ceragon Networks Ltd. (NASDAQ:CRNT) posted its quarterly earnings results on Monday, November, 7th. The communications equipment provider reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The communications equipment provider earned $78.65 million during the quarter, compared to the consensus estimate of $75.98 million. Ceragon Networks had a negative trailing twelve-month return on equity of 4.25% and a negative net margin of 5.68%.

What guidance has Ceragon Networks issued on next quarter's earnings?

Ceragon Networks updated its FY 2023 earnings guidance on Monday, November, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $325.00 million-$345.00 million, compared to the consensus revenue estimate of $329.69 million.

What is Doron Arazi's approval rating as Ceragon Networks' CEO?

25 employees have rated Ceragon Networks Chief Executive Officer Doron Arazi on Glassdoor.com. Doron Arazi has an approval rating of 94% among the company's employees. This puts Doron Arazi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 66.0% of employees surveyed would recommend working at Ceragon Networks to a friend.

What other stocks do shareholders of Ceragon Networks own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ceragon Networks investors own include Nokia Oyj (NOK), NVIDIA (NVDA), Advanced Micro Devices (AMD), Inseego (INSG), QUALCOMM (QCOM), Alibaba Group (BABA), Telefonaktiebolaget LM Ericsson (publ) (ERIC), Editas Medicine (EDIT) and Verizon Communications (VZ).

What is Ceragon Networks' stock symbol?

Ceragon Networks trades on the NASDAQ under the ticker symbol "CRNT."

Who are Ceragon Networks' major shareholders?

Ceragon Networks' stock is owned by many different retail and institutional investors. Top institutional shareholders include Ion Asset Management Ltd. (3.81%), First Wilshire Securities Management Inc. (2.16%), Penserra Capital Management LLC (1.75%), Boothbay Fund Management LLC (1.15%), ARK Investment Management LLC (1.09%) and Millrace Asset Group Inc. (0.80%).

How do I buy shares of Ceragon Networks?

Shares of CRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ceragon Networks' stock price today?

One share of CRNT stock can currently be purchased for approximately $1.97.

How much money does Ceragon Networks make?

Ceragon Networks (NASDAQ:CRNT) has a market capitalization of $166.01 million and generates $290.77 million in revenue each year. The communications equipment provider earns $-14,830,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis.

How many employees does Ceragon Networks have?

The company employs 1,345 workers across the globe.

How can I contact Ceragon Networks?

Ceragon Networks' mailing address is 24 RAOUL WALLENBERG ST, TEL AVIV L3, 69719. The official website for the company is www.ceragon.com. The communications equipment provider can be reached via phone at (723) 543-1000, via email at investor@ceragon.com, or via fax at 972-3543-1600.

This page (NASDAQ:CRNT) was last updated on 12/8/2022 by MarketBeat.com Staff