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

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$4.20 +0.44 (+11.70 %)
(As of 04/22/2019 01:55 PM ET)
Previous Close$3.76
Today's Range$3.65 - $4.2450
52-Week Range$2.46 - $5.04
Volume1.76 million shs
Average Volume376,074 shs
Market Capitalization$336.59 million
P/E Ratio21.00
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
Webwww.ceragon.com
Phone972-3543-1000

Debt

Debt-to-Equity RatioN/A
Current Ratio2.05
Quick Ratio1.56

Price-To-Earnings

Trailing P/E Ratio21.00
Forward P/E Ratio17.50
P/E Growth1.04

Sales & Book Value

Annual Sales$343.87 million
Price / Sales0.98
Cash Flow$0.3390 per share
Price / Cash Flow12.39
Book Value$2.04 per share
Price / Book2.06

Profitability

EPS (Most Recent Fiscal Year)$0.20
Net Income$23.05 million
Net Margins6.70%
Return on Equity10.79%
Return on Assets6.03%

Miscellaneous

Employees958
Outstanding Shares80,140,000
Market Cap$336.59 million
Next Earnings Date5/6/2019 (Confirmed)
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 quarterly earnings data on Wednesday, February, 20th. The communications equipment provider reported $0.05 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.05. The communications equipment provider had revenue of $85.74 million for the quarter, compared to the consensus estimate of $84.80 million. Ceragon Networks had a net margin of 6.70% and a return on equity of 10.79%. 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 1-year price targets for Ceragon Networks' stock. Their forecasts range from $4.40 to $5.00. On average, they expect Ceragon Networks' stock price to reach $4.6333 in the next twelve months. This suggests a possible upside of 10.8% 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 positive this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ceragon Networks earned a coverage optimism score of 1.2 on InfoTrie's scale. They also assigned media stories 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 stock's share price in the near term.

Are investors shorting Ceragon Networks?

Ceragon Networks saw a increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,699,778 shares, an increase of 93.5% from the February 28th total of 878,515 shares. Based on an average trading volume of 707,039 shares, the days-to-cover ratio is currently 2.4 days. Approximately 2.8% 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), Georgian Mining (GEO), Alibaba Group (BABA), Zayo Group (ZAYO), Intel (INTC) and Canopy Growth (CGC).

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 variety of of retail and institutional investors. Top institutional shareholders include Malaga Cove Capital LLC (0.02%) and Harel Insurance Investments & Financial Services Ltd. (0.02%).

Which institutional investors are selling Ceragon Networks stock?

CRNT stock was sold by a variety of institutional investors in the last quarter, including Malaga Cove Capital LLC.

Which institutional investors are buying Ceragon Networks stock?

CRNT stock was purchased by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd..

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 $4.18.

How big of a company is Ceragon Networks?

Ceragon Networks has a market capitalization of $334.99 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 (star star)
Outperform Votes:  305 (Vote Outperform)
Underperform Votes:  334 (Vote Underperform)
Total Votes:  639
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 4/22/2019 by MarketBeat.com Staff

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