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

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

Ceragon Networks Ltd (NASDAQ:CRNT) announced its quarterly earnings results on Monday, November, 4th. The communications equipment provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.04 by $0.03. The communications equipment provider earned $72.16 million during the quarter, compared to analysts' expectations of $84.68 million. Ceragon Networks had a net margin of 4.45% and a return on equity of 4.90%. View Ceragon Networks' Earnings History.

Ceragon Networks is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Ceragon Networks.

Ceragon Networks will be holding an earnings conference call on Monday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

1 brokers have issued 12-month price targets for Ceragon Networks' shares. Their forecasts range from $4.00 to $4.00. On average, they anticipate Ceragon Networks' share price to reach $4.00 in the next year. This suggests a possible upside of 81.8% from the stock's current price. View Analyst Price Targets for Ceragon Networks.

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

Media headlines about CRNT stock have been trending somewhat negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by reviewing 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 nearest to five being the most favorable. Ceragon Networks earned a daily sentiment score of -1.7 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 effect on the company's share price in the near term. View News Stories for Ceragon Networks.

Ceragon Networks saw a drop in short interest in December. As of December 31st, there was short interest totalling 2,940,000 shares, a drop of 13.8% from the December 15th total of 3,410,000 shares. Based on an average daily trading volume, of 848,200 shares, the short-interest ratio is presently 3.5 days. Approximately 4.9% of the shares of the company are sold short. View Ceragon Networks' Current Options Chain.

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

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

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 $2.20.

Ceragon Networks has a market capitalization of $176.51 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 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]