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

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$3.56 +0.01 (+0.28 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$3.56
Today's Range$3.56 - $3.63
52-Week Range$2.46 - $5.04
Volume13,594 shs
Average Volume793,090 shs
Market Capitalization$278.18 million
P/E Ratio18.10
Dividend YieldN/A
Beta1.07
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 radio 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 Platform solutions for various short-haul and long-haul applications, including IP-20N/IP-20A, IP-20GX, IP-20F, IP-20G, IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V. 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. 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

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:CRNT
CUSIPN/A
Phone972-3543-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$343.87 million
Cash Flow$0.3035 per share
Book Value$2.04 per share

Profitability

Net Income$23.04 million

Miscellaneous

EmployeesN/A
Market Cap$278.18 million
Next Earnings Date5/6/2019 (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) announced its quarterly earnings results on Wednesday, February, 20th. The communications equipment provider reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The communications equipment provider earned $85.74 million during the quarter, compared to analysts' expectations of $84.80 million. Ceragon Networks had a return on equity of 10.79% and a net margin of 6.70%. 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, May 6th 2019. View Earnings Estimates for Ceragon Networks.

What price target have analysts set for CRNT?

5 brokers have issued twelve-month price objectives for Ceragon Networks' stock. Their predictions range from $4.40 to $5.00. On average, they anticipate Ceragon Networks' stock price to reach $4.6333 in the next year. This suggests a possible upside of 30.1% 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?

Media headlines about CRNT stock have been trending somewhat positive recently, according to InfoTrie. InfoTrie identifies negative and positive press 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 daily sentiment score of 1.7 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the immediate future.

Are investors shorting Ceragon Networks?

Ceragon Networks saw a decline in short interest in February. As of February 15th, there was short interest totalling 383,681 shares, a decline of 31.9% from the January 31st total of 563,279 shares. Based on an average daily volume of 1,001,860 shares, the short-interest ratio is presently 0.4 days. Currently, 0.6% of the company's shares are sold short. 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 NVIDIA (NVDA), Nokia Oyj (NOK), Advanced Micro Devices (AMD), Micron Technology (MU), Verizon Communications (VZ), AT&T (T), Alibaba Group (BABA), Canopy Growth (CGC), Zayo Group (ZAYO) and Cronos Group (CRON).

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. Doron Arazi, Deputy Chief Exec. Officer (Age 55)
  • Mr. Flavio Perrucchetti, Regional Pres of Europe (Age 51)
  • Mr. Amit Ancikovsky, Regional Pres of Latin America & Africa (Age 48)

Who are Ceragon Networks' major shareholders?

Ceragon Networks' stock is owned by many different of institutional and retail investors. Top institutional investors include Acadian Asset Management LLC (3.99%), Ibex Investors LLC (3.20%), First Wilshire Securities Management Inc. (0.93%), Two Sigma Investments LP (0.79%), Perritt Capital Management Inc. (0.77%) and Millennium Management LLC (0.60%).

Which major investors are selling Ceragon Networks stock?

CRNT stock was sold by a variety of institutional investors in the last quarter, including Ibex Investors LLC, Algert Global LLC, Perritt Capital Management Inc., Telemetry Investments L.L.C., First Wilshire Securities Management Inc., Macquarie Group Ltd., Acadian Asset Management LLC and ETF Managers Group LLC.

Which major investors are buying Ceragon Networks stock?

CRNT stock was purchased by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, ClariVest Asset Management LLC, Two Sigma Advisers LP, Millennium Management LLC, Menta Capital LLC, BlackRock Inc., GSA Capital Partners LLP and Harvest 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 $3.56.

How big of a company is Ceragon Networks?

Ceragon Networks has a market capitalization of $278.18 million and generates $343.87 million in revenue each year. The communications equipment provider earns $23.04 million in net income (profit) each year or $0.20 on an earnings per share basis.

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 (star star)
Outperform Votes:  299 (Vote Outperform)
Underperform Votes:  329 (Vote Underperform)
Total Votes:  628
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 3/26/2019 by MarketBeat.com Staff

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