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

Ceragon Networks trades on the NASDAQ under the ticker symbol "CRNT."

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.

Ceragon Networks is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for Ceragon Networks.

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 25.1% from the stock's current price. View Analyst Price Targets 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.

Headlines about CRNT stock have trended 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 2.3 on InfoTrie's scale. They also assigned media stories about the communications equipment provider a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the near term.

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.

Some companies that are related to Ceragon Networks include Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Comtech Telecomm. (CMTL), Harmonic (HLIT), Gilat Satellite Networks (GILT), CalAmp (CAMP), Sierra Wireless (SWIR), Maxar Technologies (MAXR), KVH Industries (KVHI), Energous (WATT), Airgain (AIRG), Pointer Telocation (PNTR), PC Tel (PCTI), Aviat Networks (AVNW) and Vuzix (VUZI).

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), Verizon Communications (VZ), Micron Technology (MU), Georgian Mining (GEO), Alibaba Group (BABA), Canopy Growth (CGC), Zayo Group (ZAYO) and Intel (INTC).

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%).

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

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

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.

One share of CRNT stock can currently be purchased for approximately $3.7048.

Ceragon Networks has a market capitalization of $296.91 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.

The official website for Ceragon Networks is http://www.ceragon.com.

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]