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NASDAQ:CRNTCeragon Networks Stock Price, Forecast & News

$2.28
-0.08 (-3.38 %)
(As of 06/2/2020 02:49 PM ET)
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Compare
Today's Range
$2.28
Now: $2.29
$2.39
50-Day Range
$1.77
MA: $2.20
$2.42
52-Week Range
$0.99
Now: $2.29
$3.25
Volume373,432 shs
Average Volume553,013 shs
Market Capitalization$184.31 million
P/E RatioN/A
Dividend YieldN/A
Beta2.03
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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Ceragon Networks logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.26 out of 5 stars


Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CRNT
CUSIPN/A
Phone972-3543-1643

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$285.58 million
Cash Flow$0.10 per share
Book Value$1.99 per share

Profitability

Net Income$-2,340,000.00

Miscellaneous

Employees1,199
Market Cap$184.31 million
Next Earnings Date8/10/2020 (Estimated)
OptionableOptionable

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Ceragon Networks (NASDAQ:CRNT) Frequently Asked Questions

How has Ceragon Networks' stock been impacted by COVID-19 (Coronavirus)?

Ceragon Networks' stock was trading at $1.47 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CRNT shares have increased by 55.1% and is now trading at $2.2801. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ceragon Networks?

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

When is Ceragon Networks' next earnings date?

Ceragon Networks is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for Ceragon Networks.

How were Ceragon Networks' earnings last quarter?

Ceragon Networks Ltd (NASDAQ:CRNT) issued its quarterly earnings data on Monday, May, 4th. The communications equipment provider reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by $0.04. The communications equipment provider earned $55.87 billion during the quarter, compared to the consensus estimate of $56.25 million. Ceragon Networks had a negative return on equity of 6.69% and a negative net margin of 3.68%. View Ceragon Networks' earnings history.

What price target have analysts set for CRNT?

2 equities research analysts have issued 12-month price targets for Ceragon Networks' stock. Their forecasts range from $3.25 to $4.00. On average, they anticipate Ceragon Networks' share price to reach $3.63 in the next twelve months. This suggests a possible upside of 59.0% from the stock's current price. View analysts' price targets for Ceragon Networks.

Has Ceragon Networks been receiving favorable news coverage?

Press coverage about CRNT stock has been trending positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog 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 media sentiment score of 2.6 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutCeragon Networks.

Are investors shorting Ceragon Networks?

Ceragon Networks saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,260,000 shares, a decline of 24.6% from the April 30th total of 1,670,000 shares. Based on an average daily trading volume, of 699,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 2.0% of the shares of the company are short sold. View Ceragon Networks' Current Options Chain.

Who are some of Ceragon Networks' key competitors?

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), Canopy Growth (CGC), Verizon Communications (VZ), Alibaba Group (BABA), Inseego (INSG), QUALCOMM (QCOM), Walt Disney (DIS) and Editas Medicine (EDIT).

Who are Ceragon Networks' key executives?

Ceragon Networks' management team includes the following 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)

What is Ceragon Networks' stock symbol?

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

Who are Ceragon Networks' major shareholders?

Ceragon Networks' stock is owned by a variety of institutional and retail investors. Top institutional investors include First Wilshire Securities Management Inc. (2.57%), Phoenix Holdings Ltd. (0.36%), GHP Investment Advisors Inc. (0.33%), Invesco Ltd. (0.27%), ETF Managers Group LLC (0.20%) and Two Sigma Advisers LP (0.19%).

Which major investors are selling Ceragon Networks stock?

CRNT stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., and Two Sigma Advisers LP.

Which major investors are buying Ceragon Networks stock?

CRNT stock was bought by a variety of institutional investors in the last quarter, including First Wilshire Securities Management Inc., Phoenix Holdings Ltd., Invesco Ltd., Breiter Capital Management Inc., GHP Investment Advisors Inc., Spark Investment Management LLC, Wells Fargo & Company MN, and Citigroup Inc..

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, Robinhood, Fidelity, and Charles Schwab.

What is Ceragon Networks' stock price today?

One share of CRNT stock can currently be purchased for approximately $2.28.

How big of a company is Ceragon Networks?

Ceragon Networks has a market capitalization of $183.91 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 1,199 workers across the globe.

What is Ceragon Networks' official website?

The official website for Ceragon Networks is 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 972-3543-1643 or via email at [email protected]

This page was last updated on 6/2/2020 by MarketBeat.com Staff

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