NASDAQ:CRNT - Ceragon Networks Stock Price, Forecast & News

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

Ceragon Networks Ltd (NASDAQ:CRNT) posted its earnings results on Monday, February, 10th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.01) by $0.05. The communications equipment provider had revenue of $71.26 million for the quarter, compared to the consensus estimate of $72.16 million. Ceragon Networks had a negative net margin of 0.82% and a negative return on equity of 1.21%. View Ceragon Networks' Earnings History.

Ceragon Networks is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Ceragon Networks.

2 Wall Street analysts have issued 12 month target prices for Ceragon Networks' stock. Their forecasts range from $4.00 to $4.00. On average, they anticipate Ceragon Networks' stock price to reach $4.00 in the next year. This suggests a possible upside of 111.6% from the stock's current price. View Analyst Price Targets for Ceragon Networks.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ceragon Networks.

News coverage about CRNT stock has trended extremely positive on Wednesday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Ceragon Networks earned a news impact score of 5.0 on InfoTrie's scale. They also assigned media coverage about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Ceragon Networks.

Ceragon Networks saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,430,000 shares, an increase of 16.7% from the January 15th total of 2,940,000 shares. Based on an average daily trading volume, of 898,500 shares, the days-to-cover ratio is currently 3.8 days. Currently, 5.7% of the company's shares are sold short. View Ceragon Networks' Current Options Chain.

Some companies that are related to Ceragon Networks include Harmonic (HLIT), Gilat Satellite Networks (GILT), CalAmp (CAMP), Casa Systems (CASA), Sierra Wireless (SWIR), KVH Industries (KVHI), Cambium Networks (CMBM), PC Tel (PCTI), SeaChange International (SEAC), Pointer Telocation (PNTR), Airgain (AIRG), Aviat Networks (AVNW), SGOCO Group (SGOC), Vuzix (VUZI) and Energous (WATT).

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), Canopy Growth (CGC), Verizon Communications (VZ), Inseego (INSG), Alibaba Group (BABA), Micron Technology (MU), QUALCOMM (QCOM) and Editas Medicine (EDIT).

Ceragon Networks' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (4.57%), First Wilshire Securities Management Inc. (1.73%), Acadian Asset Management LLC (1.06%), Penserra Capital Management LLC (0.72%), GHP Investment Advisors Inc. (0.23%) and ARK Investment Management LLC (0.16%).

CRNT stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Renaissance Technologies LLC, First Wilshire Securities Management Inc., New York State Common Retirement Fund, ARK Investment Management LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D and Harvest Management LLC.

CRNT stock was acquired by a variety of institutional investors in the last quarter, including Penserra Capital Management LLC, Wealthsource Partners LLC, Virtu Financial LLC, GHP Investment Advisors Inc., Goldman Sachs Group Inc., IHT Wealth Management LLC and Phoenix Holdings Ltd..

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

One share of CRNT stock can currently be purchased for approximately $1.89.

Ceragon Networks has a market capitalization of $151.63 million and generates $285.58 million in revenue each year. The communications equipment provider earns $-2,340,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis. Ceragon Networks employs 1,115 workers across the globe.View Additional Information About Ceragon Networks.

The official website for Ceragon Networks is http://www.ceragon.com/.

Ceragon Networks' mailing address is 24 RAOUL WALLENBERG ST, TEL AVIV L3, 69719. The communications equipment provider can be reached via phone at 972-3543-1284 or via email at [email protected]