Ceragon Networks - CRNT Stock Forecast, Price & News

Ceragon Networks' stock was trading at $1.91 at the beginning of 2023. Since then, CRNT stock has increased by 13.6% and is now trading at $2.17.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our CRNT earnings forecast.

Ceragon Networks will be holding an earnings conference call on Wednesday, February 8th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Ceragon Networks Ltd. (NASDAQ:CRNT) announced its quarterly earnings data on Monday, November, 7th. The communications equipment provider reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. The communications equipment provider had revenue of $78.65 million for the quarter, compared to analysts' expectations of $75.98 million. Ceragon Networks had a negative net margin of 5.68% and a negative trailing twelve-month return on equity of 4.25%.

Ceragon Networks issued an update on its FY 2023 earnings guidance on Monday, November, 21st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $325.00 million-$345.00 million, compared to the consensus revenue estimate of $329.69 million.

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.

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).

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

Ceragon Networks' stock is owned by a number of institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (1.36%), Wedbush Securities Inc. (0.02%) and Concourse Financial Group Securities Inc. (0.00%).

Shares of CRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CRNT stock can currently be purchased for approximately $2.17.

Ceragon Networks (NASDAQ:CRNT) has a market capitalization of $182.87 million and generates $290.77 million in revenue each year. The communications equipment provider earns $-14,830,000.00 in net income (profit) each year or ($0.21) on an earnings per share basis.

The company employs 1,345 workers across the globe.

Ceragon Networks' mailing address is 24 RAOUL WALLENBERG ST, TEL AVIV L3, 69719. The official website for the company is www.ceragon.com. The communications equipment provider can be reached via phone at (723) 543-1000, via email at investor@ceragon.com, or via fax at 972-3543-1600.