Ceragon Networks Company Profile (NASDAQ:CRNT)

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

Ceragon Networks Ltd. (NASDAQ:CRNT) released its quarterly earnings data on Monday, August, 7th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $93.30 million for the quarter, compared to analyst estimates of $87.84 million. Ceragon Networks had a return on equity of 13.52% and a net margin of 5.00%. The company's revenue was up 33.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 EPS. View Ceragon Networks' Earnings History.

Ceragon Networks is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Ceragon Networks.

3 analysts have issued 1 year target prices for Ceragon Networks' shares. Their forecasts range from $2.50 to $3.00. On average, they expect Ceragon Networks' share price to reach $2.75 in the next year. View Analyst Ratings for Ceragon Networks.

Here are some recent quotes from research analysts about Ceragon Networks stock:

• 1. 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. " (8/10/2017)
• 2. 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)
• 3. 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)

Ceragon Networks saw a decline in short interest in the month of September. As of September 15th, there was short interest totalling 504,063 shares, a decline of 23.6% from the August 31st total of 660,093 shares. Based on an average trading volume of 223,852 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.8% of the shares of the company are short sold.

Some companies that are related to Ceragon Networks include QuinStreet (QNST), Mitek Systems (MITK), Vishay Precision Group (VPG), Yatra Online (YTRA), USA Technologies (USAT), RigNet (RNET), ChannelAdvisor Corporation (ECOM), DSP Group (DSPG), Simulations Plus (SLP), Digi International (DGII), Telenav (TNAV), Calix (CALX), Zix Corporation (ZIXI), Global Eagle Entertainment (ENT), AudioCodes (AUDC), Kopin Corporation (KOPN), MobileIron (MOBL) and IDI (COGT).

Ceragon Networks' management team includes the folowing people:

• Zohar Zisapel, Chairman of the Board
• Ira Palti, President, Chief Executive Officer
• Doron Arazi, Chief Financial Officer, Executive Vice President
• Amit Ancikovsky, Regional President-Latin America & Africa
• Charles Meyo, Regional President-North America
• Flavio Perrucchetti, Regional President-Europe
• Ram Prakash Tripathi, Regional President-APAC
• Nurit Kruk-Zilca, Executive Vice President - Human Resources
• Yuval Reina, Executive Vice President - Global Products
• Oz Zimerman, Executive Vice President-Global Corporate Development

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.

One share of Ceragon Networks stock can currently be purchased for approximately $2.06.