Ceragon Networks (CRNT) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CRNT shares.
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1 brokers have issued 1 year target prices for Ceragon Networks' stock. Their CRNT share price forecasts range from $5.25 to $5.25. On average, they expect the company's stock price to reach $5.25 in the next twelve months. This suggests a possible upside of 181.5% from the stock's current price.
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Ceragon Networks' stock was trading at $1.91 at the beginning of 2023. Since then, CRNT shares have decreased by 2.4% and is now trading at $1.8650.
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Ceragon Networks saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 235,300 shares, a decline of 41.7% from the April 30th total of 403,300 shares. Based on an average daily volume of 169,700 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Ceragon Networks Ltd. (NASDAQ:CRNT) issued its quarterly earnings data on Monday, November, 1st. The communications equipment provider reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The communications equipment provider had revenue of $76.12 million for the quarter, compared to the consensus estimate of $72.74 million. Ceragon Networks had a positive trailing twelve-month return on equity of 0.84% and a negative net margin of 1.02%. During the same quarter last year, the business posted $0.02 EPS.

ETFs with the largest weight of Ceragon Networks (NASDAQ:CRNT) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL).BlueStar Israel Technology ETF (ITEQ).

Ceragon Networks updated its FY 2023 earnings guidance on Monday, May, 1st. 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 $334.45 million.

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.

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).

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

Ceragon Networks' stock is owned by many different retail and institutional investors. Top institutional shareholders include First Wilshire Securities Management Inc. (2.99%), ARK Investment Management LLC (1.28%), Boothbay Fund Management LLC (1.04%), Renaissance Technologies LLC (0.38%), ETF Managers Group LLC (0.23%) and Perritt Capital Management Inc. (0.21%).

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.
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One share of CRNT stock can currently be purchased for approximately $1.87.

Ceragon Networks (NASDAQ:CRNT) has a market capitalization of $157.16 million and generates $295.17 million in revenue each year. The communications equipment provider earns $-19,690,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.

The company employs 1,408 workers across the globe.

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) 543-1369, via email at investor@ceragon.com, or via fax at 972-3543-1600.