Ceragon Networks (CRNT) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" CRNT shares.
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1 analysts have issued 1 year price targets for Ceragon Networks' stock. Their CRNT share price forecasts range from $5.25 to $5.25. On average, they anticipate the company's share price to reach $5.25 in the next year. This suggests a possible upside of 185.3% from the stock's current price.
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Ceragon Networks' stock was trading at $1.91 at the start of the year. Since then, CRNT stock has decreased by 3.7% and is now trading at $1.84.
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Ceragon Networks saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 235,300 shares, a drop of 41.7% from the April 30th total of 403,300 shares. Based on an average daily volume of 169,700 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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Ceragon Networks Ltd. (NASDAQ:CRNT) posted its quarterly earnings data on Monday, November, 1st. The communications equipment provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The communications equipment provider had revenue of $76.12 million for the quarter, compared to analysts' expectations of $72.74 million. Ceragon Networks had a positive trailing twelve-month return on equity of 0.84% and a negative net margin of 1.02%. During the same quarter in the prior year, the company posted $0.02 EPS.

ETFs with the largest weight of Ceragon Networks (NASDAQ:CRNT) stock in their portfolio include ARK Israel Innovative Technology ETF (IZRL).BlueStar Israel Technology ETF (ITEQ).

Ceragon Networks issued an update on its FY 2023 earnings guidance on Monday, May, 1st. The company provided earnings per share (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 $334.45 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 number of retail and institutional investors. Top institutional shareholders include First Wilshire Securities Management Inc. (2.99%), ARK Investment Management LLC (1.28%), Boothbay Fund Management LLC (1.04%), Renaissance Technologies LLC (0.38%), ETF Managers Group LLC (0.23%) and Perritt Capital Management Inc. (0.21%).

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 $1.84.

Ceragon Networks (NASDAQ:CRNT) has a market capitalization of $155.06 million and generates $295.17 million in revenue each year. The communications equipment provider earns $-19,690,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis.

The company employs 1,408 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) 543-1369, via email at investor@ceragon.com, or via fax at 972-3543-1600.