Ceragon Networks - CRNT Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRNT shares.
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2 Wall Street analysts have issued 12 month price objectives for Ceragon Networks' stock. Their CRNT share price forecasts range from $5.25 to $6.00. On average, they anticipate the company's share price to reach $5.63 in the next twelve months. This suggests a possible upside of 117.2% from the stock's current price.
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Ceragon Networks' stock was trading at $2.58 at the start of the year. Since then, CRNT shares have increased by 0.4% and is now trading at $2.59.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our CRNT earnings forecast.

Ceragon Networks Ltd. (NASDAQ:CRNT) posted its earnings results on Monday, August, 1st. The communications equipment provider reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. Ceragon Networks had a negative net margin of 5.34% and a negative trailing twelve-month return on equity of 6.05%. During the same quarter in the prior year, the company earned ($0.02) earnings per share.

Ceragon Networks issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $300.00 million-$315.00 million, compared to the consensus revenue estimate of $305.57 million.

46 employees have rated Ceragon Networks Chief Executive Officer Ira Palti on Glassdoor.com. Ira Palti has an approval rating of 94% among the company's employees. This puts Ira Palti in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 (1.25%), Millrace Asset Group Inc. (0.79%), JPMorgan Chase & Co. (0.20%), Renaissance Technologies LLC (0.16%), UBS Group AG (0.08%) and Oppenheimer & Co. Inc. (0.06%).

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 $2.59.

Ceragon Networks (NASDAQ:CRNT) has a market capitalization of $217.57 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 ($0.20) on an earnings per share basis.

The company employs 1,345 workers across the globe.

Ceragon Networks was founded in 1996.

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.