About Ceragon Networks
Ceragon Networks Ltd. is a provider of wireless backhaul solutions. The Company's solutions enable cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, social networking applications, image sharing, music and video applications. The Company also provides its solutions for hauling application in other vertical markets, such as public safety, utilities, and oil and gas offshore drilling platforms. Its wireless backhaul solutions use microwave radio technology to transfer large amounts of telecommunication traffic between base stations and small-cells and the core of the service provider's network. It also provides wireless fronthaul solutions that use microwave technology. In addition to providing its solutions, the Company also offers its customers a set of services, including advanced network and radio planning, site survey, installation, maintenance and training, among others.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Communication Equipment
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: CRNT
- Previous Close: $3.73
- 50 Day Moving Average: $3.62
- 200 Day Moving Average: $2.72
- 52-Week Range: $1.08 - $4.23
- Trailing P/E Ratio: 25.37
- Foreward P/E Ratio: 14.35
- P/E Growth: 0.83
- Market Cap: $290.04M
- Outstanding Shares: 77,759,000
- Beta: 1.2
- Net Margins: 3.23%
- Return on Equity: 6.93%
- Return on Assets: 2.98%
Companies Related to Ceragon Networks:
- Current Ratio: 1.85%
- Quick Ratio: 1.45%
Consensus Ratings for Ceragon Networks (NASDAQ:CRNT) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$3.00 (19.57% downside)|
Analysts' Ratings History for Ceragon Networks (NASDAQ:CRNT)
(Data available from 2/24/2015 forward)
|1/19/2017||Jefferies Group LLC||Boost Price Target||Hold||$2.50 -> $3.00|
|1/17/2017||Needham & Company LLC||Downgrade||Buy -> Hold|
Earnings History for Ceragon Networks (NASDAQ:CRNT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|5/8/2017|| || || || || || || || |
|2/15/2017||Q416||$0.06||$0.07||$80.64 million||$84.70 million||View||Listen|
|11/14/2016||Q316||$0.04||$0.06||$77.57 million||$79.13 million||View||N/A|
|8/8/2016||Q216||$0.02||$67.59 million||$70.00 million||View||N/A|
|5/9/2016||Q116||($0.02)||($0.01)||$63.55 million||$59.80 million||View||N/A|
|2/16/2016||Q415||$0.02||$0.03||$80.61 million||$75.60 million||View||Listen|
|11/2/2015||Q315||$0.03||$0.04||$92.13 million||$85.40 million||View||N/A|
|8/13/2015||Q215||$0.04||$95.01 million||$94.80 million||View||Listen|
|5/6/2015||Q115||($0.05)||($0.02)||$93.94 million||$93.70 million||View||N/A|
|2/24/2015||Q414||($0.05)||($0.05)||$108.96 million||$111.20 million||View||N/A|
|10/30/2014||Q3||($0.03)||($0.05)||$94.97 million||$99.00 million||View||N/A|
|7/28/2014||Q314||($0.06)||($0.10)||$89.33 million||$90.10 million||View||N/A|
|5/8/2014||Q1||($0.16)||($0.25)||$71.80 million||$70.50 million||View||Listen|
|2/13/2014||Q4||($0.07)||($0.09)||$90.38 million||$89.50 million||View||Listen|
|11/11/2013||Q313||($10.00)||($0.12)||$93.53 million||$92.10 million||View||Listen|
|8/12/2013||Q2 2013||($0.17)||($0.15)||$86.24 million||$90.10 million||View||Listen|
|5/6/2013||Q113||($0.17)||($0.16)||$94.89 million||$90.10 million||View||N/A|
|2/14/2013||Q412||($0.07)||$0.06||$97.69 million||$106.80 million||View||N/A|
|10/29/2012||Q312||$0.11||$0.09||$121.32 million||$118.00 million||View||N/A|
Earnings Estimates for Ceragon Networks (NASDAQ:CRNT)
Current Year EPS Consensus Estimate: $0.21 EPS
Next Year EPS Consensus Estimate: $0.26 EPS
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Ceragon Networks (NASDAQ:CRNT)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading History for Ceragon Networks (NASDAQ:CRNT)
No insider trades for this company have been tracked by MarketBeat.com
Latest Headlines for Ceragon Networks (NASDAQ:CRNT)
What is Ceragon Networks' stock symbol?
Ceragon Networks trades on the NASDAQ under the ticker symbol "CRNT."
Where is Ceragon Networks' stock going? Where will Ceragon Networks' stock price be in 2017?
2 equities research analysts have issued 12-month price targets for Ceragon Networks' shares. Their predictions range from $3.00 to $3.00. On average, they anticipate Ceragon Networks' share price to reach $3.00 in the next twelve months.
When will Ceragon Networks announce their earnings?
Ceragon Networks is scheduled to release their next quarterly earnings announcement on Monday, May, 8th 2017.
What are analysts saying about Ceragon Networks stock?
Here are some recent quotes from research analysts about Ceragon Networks stock:
According to Zacks Investment Research, "Ceragon Networks Ltd. is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Ceragon's modular FibeAir product family is recognized as the gold standard for backhaul transmission and is also one of the top solutions chosen by cellular operators for SONET/SDH rings. A scalable, future-proof solution for wireless transport of broadband services, FibeAir operates across multiple frequencies for IP and SONET/SDH protocols, supporting the emerging needs of next-generation networks that are evolving to all-IP based services, including triple-play. It leads the market in IP backhaul, offering a unique, native IP solution that provides the efficient, robust connectivity required for WiFi, WiMAX and converged networks. " (1/20/2017)
- Jefferies Group LLC analysts commented, "seasonal dip" in Q1'17. The street estimates $72M for Q1'17, $75M for Q2'17.Analyst James Kisner commented, "CRNT positively pre-announced H1'17 results driven by a surge in orders from a mobile operator in India. Ceragon stated it has increased expectations for gross profit in H1'17, but gross margin is likely to be lower given the margin profile of business in India. CRNT declined to raise CY17 guidance (or provide an update Q4), citing only "increased confidence" that it can be met or exceeded. We're keeping our Hold rating." (1/19/2017)
- Needham & Company LLC analysts commented, "At 17.4x EV/E on CY17 estimates Ceragon looks fairly valued. The share price up 248% over the last year versus 20% for the S&P 500 has discounted the improved business outlook, improving Gross Margins, and recent contract wins in our opinion. The stock is 18% above our prior price target of $3.00. Ceragon's management expects flat Revenues in CY17 with flat OPEX at recent levels and modestly improving Gross Margins resulting in modest improvements in EPS. We think the expectations have run ahead of these management guidelines." (1/17/2017)
Who owns Ceragon Networks stock?
Ceragon Networks' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (3.01%), Perritt Capital Management Inc. (1.65%), Renaissance Group LLC (0.18%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.16%), Oxford Asset Management (0.13%) and O Shaughnessy Asset Management LLC (0.13%).
Who bought Ceragon Networks stock? Who is buying Ceragon Networks stock?
Ceragon Networks' stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Oxford Asset Management, Russell Investments Group Ltd., Renaissance Group LLC, O Shaughnessy Asset Management LLC and State Street Corp.
How do I buy Ceragon Networks stock?
Shares of Ceragon Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Ceragon Networks stock cost?
One share of Ceragon Networks stock can currently be purchased for approximately $3.73.
Ceragon Networks (NASDAQ:CRNT) Chart for Friday, February, 24, 2017
Institutional Ownership ChartEarnings History ChartDividend History Chart