Ceragon Networks - CRNT Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CRNT shares.
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1 brokers have issued 12 month target prices for Ceragon Networks' stock. Their CRNT share price forecasts range from $5.25 to $5.25. On average, they anticipate the company's stock price to reach $5.25 in the next year. This suggests a possible upside of 177.8% from the stock's current price.
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Ceragon Networks' stock was trading at $2.58 at the beginning of the year. Since then, CRNT stock has decreased by 26.7% and is now trading at $1.89.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 6th 2023.
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Ceragon Networks Ltd. (NASDAQ:CRNT) announced its quarterly earnings results on Monday, November, 1st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.01) by $0.03. The communications equipment provider earned $76.12 million during the quarter, compared to analysts' expectations of $72.74 million. Ceragon Networks had a negative trailing twelve-month return on equity of 4.25% and a negative net margin of 5.68%. During the same quarter last year, the business posted $0.02 earnings per share.

Ceragon Networks issued an update on its FY 2023 earnings guidance on Monday, November, 21st. The company provided EPS 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 variety of institutional and retail investors. Top institutional shareholders include Ion Asset Management Ltd. (3.81%), First Wilshire Securities Management Inc. (2.16%), Penserra Capital Management LLC (1.75%), Boothbay Fund Management LLC (1.15%), ARK Investment Management LLC (1.09%) and Millrace Asset Group Inc. (0.80%).

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 $1.89.

Ceragon Networks (NASDAQ:CRNT) has a market capitalization of $159.27 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.