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

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$2.81 -0.02 (-0.71 %)

(As of 05/26/2019 04:00 PM ET)

Previous Close$2.81

Today's Range$2.76 - $2.9348

52-Week Range$2.67 - $5.04

Volume338,403 shs

Average Volume702,047 shs

Market Capitalization$225.20 million

P/E Ratio14.05

Dividend YieldN/A

Beta1.05

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider's network. The company also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads. In addition, it offers 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-20GX, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. Further, the company provides network management system; and network and radio planning, site survey, solutions development, installation, maintenance, training, and other services. Ceragon Networks Ltd. provides its services to smart-phone applications, such as Internet browsing, social networking, image sharing, music, and video applications; 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. Ceragon Networks Ltd. has a collaboration agreement with NEC Corporation. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Radio & t.v. communications equipment

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:CRNT

Previous Symbol

CUSIPN/A

CIK1119769

Webhttp://www.ceragon.com/

Phone972-3543-1000

Debt

Debt-to-Equity RatioN/A

Current Ratio1.97

Quick Ratio1.39

Price-To-Earnings

Trailing P/E Ratio14.05

Forward P/E Ratio14.79

P/E Growth1.03

Sales & Book Value

Annual Sales$343.87 million

Price / Sales0.65

Cash Flow$0.29 per share

Price / Cash Flow9.69

Book Value$2.02 per share

Price / Book1.39

Profitability

EPS (Most Recent Fiscal Year)$0.20

Net Income$23.05 million

Net Margins6.61%

Return on Equity9.63%

Return on Assets5.37%

Miscellaneous

Employees958

Outstanding Shares80,142,000

Market Cap$225.20 million

Next Earnings Date8/5/2019 (Estimated)

OptionableOptionable

Ceragon Networks (NASDAQ:CRNT) Frequently Asked Questions

What is Ceragon Networks' stock symbol?

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

How were Ceragon Networks' earnings last quarter?

Ceragon Networks Ltd (NASDAQ:CRNT) released its earnings results on Monday, May, 6th. The communications equipment provider reported $0.03 earnings per share for the quarter, hitting analysts' consensus estimates of $0.03. The communications equipment provider earned $69.16 million during the quarter, compared to the consensus estimate of $73.74 million. Ceragon Networks had a return on equity of 9.63% and a net margin of 6.61%. View Ceragon Networks' Earnings History.

When is Ceragon Networks' next earnings date?

Ceragon Networks is scheduled to release their next quarterly earnings announcement on Monday, August 5th 2019. View Earnings Estimates for Ceragon Networks.

What price target have analysts set for CRNT?

5 brokers have issued 1 year price objectives for Ceragon Networks' stock. Their predictions range from $4.40 to $5.00. On average, they expect Ceragon Networks' share price to reach $4.6333 in the next twelve months. This suggests a possible upside of 64.9% from the stock's current price. View Analyst Price Targets for Ceragon Networks.

What is the consensus analysts' recommendation for Ceragon Networks?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ceragon Networks.

Has Ceragon Networks been receiving favorable news coverage?

Headlines about CRNT stock have trended somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ceragon Networks earned a news sentiment score of -1.8 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.

Who are some of Ceragon Networks' key competitors?

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

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 NVIDIA (NVDA), Nokia Oyj (NOK), Advanced Micro Devices (AMD), Verizon Communications (VZ), Canopy Growth (CGC), Georgian Mining (GEO), Intel (INTC), Micron Technology (MU), Alibaba Group (BABA) and Xilinx (XLNX).

Who are Ceragon Networks' key executives?

Ceragon Networks' management team includes the folowing people:

Mr. Ira Palti, Pres, CEO & Director (Age 61)
Mr. Charles Meyo, Regional Pres of North America (Age 55)
Mr. Amit Ancikovsky, Regional Pres of Latin America & Africa (Age 48)
Mr. Doron Arazi, Deputy Chief Exec. Officer (Age 55)
Mr. Flavio Perrucchetti, Regional Pres of Europe (Age 51)

Who are Ceragon Networks' major shareholders?

Ceragon Networks' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (5.36%), Acadian Asset Management LLC (3.98%), Ibex Investors LLC (1.43%), First Wilshire Securities Management Inc. (0.90%), AJO LP (0.87%) and California Public Employees Retirement System (0.65%).

Which institutional investors are selling Ceragon Networks stock?

CRNT stock was sold by a variety of institutional investors in the last quarter, including Ibex Investors LLC, Oxford Asset Management LLP, Menta Capital LLC, Algert Global LLC, Morgan Stanley, BlackRock Inc., ClariVest Asset Management LLC and ARK Investment Management LLC.

Which institutional investors are buying Ceragon Networks stock?

CRNT stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Acadian Asset Management LLC, Delek Group Ltd., Systematic Financial Management LP, State of Tennessee Treasury Department, Commonwealth of Pennsylvania Public School Empls Retrmt SYS, Harvest Management LLC and Penserra Capital Management LLC.

How do I buy shares of Ceragon Networks?

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, Scottrade, Fidelity and Charles Schwab.

What is Ceragon Networks' stock price today?

One share of CRNT stock can currently be purchased for approximately $2.81.

How big of a company is Ceragon Networks?

Ceragon Networks has a market capitalization of $225.20 million and generates $343.87 million in revenue each year. The communications equipment provider earns $23.05 million in net income (profit) each year or $0.20 on an earnings per share basis. Ceragon Networks employs 958 workers across the globe.

What is Ceragon Networks' official website?

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

How can I contact Ceragon Networks?

Ceragon Networks' mailing address is 24 RAOUL WALLENBERG ST, TEL AVIV L3, 69719. The communications equipment provider can be reached via phone at 972-3543-1000 or via email at [email protected]

MarketBeat Community Rating for Ceragon Networks (NASDAQ CRNT)

Community Ranking:		2.4 out of 5 ( )
Outperform Votes:		309 (Vote Outperform)
Underperform Votes:		346 (Vote Underperform)
Total Votes:		655

MarketBeat's community ratings are surveys of what our community members think about Ceragon Networks and other stocks. Vote "Outperform" if you believe CRNT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRNT will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 5/26/2019 by MarketBeat.com Staff