NASDAQ:CRNT

Ceragon Networks (CRNT) Stock Price, News & Analysis

$2.73
+0.04 (+1.49%)
(As of 05/17/2024 ET)
Today's Range
$2.67
$2.74
50-Day Range
$2.67
$3.29
52-Week Range
$1.56
$3.38
Volume
349,695 shs
Average Volume
503,010 shs
Market Capitalization
$233.20 million
P/E Ratio
54.61
Dividend Yield
N/A
Price Target
$5.25

Ceragon Networks MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
92.3% Upside
$5.25 Price Target
Short Interest
Healthy
0.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.98mentions of Ceragon Networks in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.66 out of 5 stars

Computer And Technology Sector

353rd out of 589 stocks

Radio & T.V. Communications Equipment Industry

10th out of 21 stocks

CRNT stock logo

About Ceragon Networks Stock (NASDAQ:CRNT)

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. It also 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-50EX, IP-50C, IP-50CX, and IP-50FX for various short-haul, long-haul, fronthaul, small cells, routing, and enterprise access applications. In addition, the company offers network and radio planning, site surveys, solutions development, installation, network rollout, wireless transport network auditing and optimization, maintenance, training, and other services. It serves internet service providers, municipalities, government, utilities, and maritime communications broadcasters and defense, as well as 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, resellers, distributors, and system integrators. 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 Ha'Ayin, Israel.

CRNT Stock Price History

CRNT Stock News Headlines

Ceragon Networks earnings: here's what to expect
Ceragon Networks Ltd.
CRNT Sep 2024 3.000 put
Top 3 Tech Stocks to Buy in March
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
5/18/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
N/A
Current Symbol
NASDAQ:CRNT
Employees
1,407
Year Founded
1996

Price Target and Rating

Average Stock Price Target
$5.25
High Stock Price Target
$5.25
Low Stock Price Target
$5.25
Potential Upside/Downside
+92.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$6.22 million
Pretax Margin
3.08%

Debt

Sales & Book Value

Annual Sales
$347.18 million
Cash Flow
$0.27 per share
Book Value
$1.58 per share

Miscellaneous

Free Float
69,189,000
Market Cap
$233.20 million
Optionable
Optionable
Beta
1.50

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Key Executives

  • Mr. Doron Arazi (Age 60)
    President & CEO
    Comp: $664.46k
  • Mr. Ronen Stein (Age 57)
    Chief Financial Officer
    Comp: $423.5k
  • Ms. Michal Goldstein (Age 53)
    Chief People Officer
    Comp: $334.75k
  • Mr. Ulik Broida (Age 57)
    Chief Product Officer
    Comp: $353.15k
  • Mr. Alon Klomek (Age 53)
    Executive VP & Chief Revenues Officer
    Comp: $641.79k
  • Mr. Dima Friedman (Age 54)
    Executive VP & COO
  • Ms. Maya Lustig
    Head of Investor Relations
  • Ms. Hadar Vismunski-Weinberg (Age 50)
    Chief Legal Officer
  • Mr. Oz Zimerman (Age 60)
    Executive Vice President of Corporate Development & CMO
  • Mr. Ram Prakash Tripathi (Age 57)
    President of APAC & India

CRNT Stock Analysis - Frequently Asked Questions

Should I buy or sell Ceragon Networks stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last twelve months. There are currently 2 buy ratings 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 target for 2024?

2 brokers have issued 12-month price objectives for Ceragon Networks' shares. Their CRNT share price targets range from $5.25 to $5.25. On average, they anticipate the company's share price to reach $5.25 in the next year. This suggests a possible upside of 92.3% 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 2024?

Ceragon Networks' stock was trading at $2.16 at the beginning of the year. Since then, CRNT shares have increased by 26.4% and is now trading at $2.73.
View the best growth stocks for 2024 here
.

When is Ceragon Networks' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our CRNT earnings forecast
.

How were Ceragon Networks' earnings last quarter?

Ceragon Networks Ltd. (NASDAQ:CRNT) issued its quarterly earnings results on Tuesday, February, 20th. The communications equipment provider reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The communications equipment provider earned $90.36 million during the quarter. Ceragon Networks had a net margin of 1.32% and a trailing twelve-month return on equity of 10.76%. During the same quarter last year, the business posted ($0.01) EPS.

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

Ceragon Networks issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $385.0 million-$405.0 million, compared to the consensus revenue estimate of $392.8 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).

Who are Ceragon Networks' major shareholders?

Ceragon Networks' stock is owned by many different institutional and retail investors. Top institutional investors include Acadian Asset Management LLC (1.82%), Essex Investment Management Co. LLC (1.26%), First Eagle Investment Management LLC (0.64%), Inspire Investing LLC (0.32%), Perritt Capital Management Inc. (0.25%) and Kennedy Capital Management LLC (0.12%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Ceragon Networks have any subsidiaries?
The following companies are subsidiares of Ceragon Networks: Ceragon Networks (India) Private Limited, Ceragon Networks Inc., and NERA Networks.
Read More
This page (NASDAQ:CRNT) was last updated on 5/18/2024 by MarketBeat.com Staff

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