NASDAQ:CRNT - Ceragon Networks Stock Price, Price Target & More

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$3.09 -0.17 (-5.21 %)

(As of 05/20/2018 04:00 PM ET)

Previous Close$3.09

Today's Range$3.05 - $3.33

52-Week Range$1.64 - $3.33

Volume2.25 million shs

Average Volume570,128 shs

Market Capitalization$241.45 million

P/E Ratio14.71

Dividend YieldN/A

Beta0.67

About Ceragon Networks (NASDAQ:CRNT)

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 radio 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 Platform solutions for various short-haul and long-haul applications, including IP-20N/IP-20A, IP-20GX, IP-20F, IP-20G, IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V. 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. 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

Industry Radio & t.v. communications equipment

Sub-IndustryN/A

SectorComputer and Technology

SymbolNASDAQ:CRNT

CUSIPN/A

Webwww.ceragon.com

Phone972-3543-1000

Debt

Debt-to-Equity RatioN/A

Current Ratio2.11

Quick Ratio1.60

Price-To-Earnings

Trailing P/E Ratio14.71

Forward P/E Ratio22.07

P/E GrowthN/A

Sales & Book Value

Annual Sales$332.03 million

Price / Sales0.73

Cash Flow$0.3041 per share

Price / Cash10.16

Book Value$1.74 per share

Price / Book1.78

Profitability

EPS (Most Recent Fiscal Year)$0.18

Net Income$15.56 million

Net Margins5.23%

Return on Equity12.82%

Return on Assets6.39%

Miscellaneous

Employees903

Outstanding Shares78,140,000

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) posted its earnings results on Monday, May, 7th. The communications equipment provider reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The communications equipment provider had revenue of $83.28 million for the quarter, compared to analyst estimates of $79.75 million. Ceragon Networks had a return on equity of 12.82% and a net margin of 5.23%. 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, August, 6th 2018. View Earnings Estimates for Ceragon Networks.

What price target have analysts set for CRNT?

3 equities research analysts have issued twelve-month price targets for Ceragon Networks' shares. Their predictions range from $2.50 to $2.50. On average, they anticipate Ceragon Networks' share price to reach $2.50 in the next twelve months. View Analyst Ratings for Ceragon Networks.

Who are some of Ceragon Networks' key competitors?

Some companies that are related to Ceragon Networks include CalAmp (CAMP), Comtech Telecommunications (CMTL), Sierra Wireless (SWIR), Energous (WATT), Gilat Satellite Networks (GILT), Harmonic (HLIT), KVH Industries (KVHI), Vuzix (VUZI), PC-Tel (PCTI), Pointer Telocation (PNTR), SeaChange International (SEAC), Aviat Networks (AVNW), Airgain (AIRG), Digital Ally (DGLY) and ParkerVision (PRKR).

Who are Ceragon Networks' key executives?

Ceragon Networks' management team includes the folowing people:

Mr. Ira Palti, CEO & Pres (Age 60)
Mr. Doron Arazi, Deputy CEO & CFO (Age 54)
Mr. Charles Meyo, Regional Pres of North America (Age 54)
Mr. Amit Ancikovsky, Regional Pres of Latin America & Africa (Age 47)
Mr. Flavio Perrucchetti, Regional Pres of Europe (Age 50)

Has Ceragon Networks been receiving favorable news coverage?

News articles about CRNT stock have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ceragon Networks earned a media sentiment score of 0.09 on Accern's scale. They also gave news coverage about the communications equipment provider an impact score of 44.63 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are Ceragon Networks' major shareholders?

Ceragon Networks' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Millennium Management LLC (1.27%), Algert Global LLC (1.03%), First Wilshire Securities Management Inc. (1.00%), JPMorgan Chase & Co. (0.22%), California Public Employees Retirement System (0.21%) and State of New Jersey Common Pension Fund D (0.12%). View Institutional Ownership Trends for Ceragon Networks.

Which major investors are buying Ceragon Networks stock?

CRNT stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, Algert Global LLC, California Public Employees Retirement System, First Wilshire Securities Management Inc., Barclays PLC, Engineers Gate Manager LP, Compagnie Lombard Odier SCmA and Claraphi Advisory Network LLC. View Insider Buying and Selling for Ceragon Networks.

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 $3.09.

How big of a company is Ceragon Networks?

Ceragon Networks has a market capitalization of $241.45 million and generates $332.03 million in revenue each year. The communications equipment provider earns $15.56 million in net income (profit) each year or $0.18 on an earnings per share basis. Ceragon Networks employs 903 workers across the globe.

How can I contact Ceragon Networks?

Ceragon Networks' mailing address is 24 Raoul Wallenberg Street, 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 (CRNT)

Community Ranking:		2.3 out of 5 ( )
Outperform Votes:		197 (Vote Outperform)
Underperform Votes:		226 (Vote Underperform)
Total Votes:		423

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.

Ceragon Networks (NASDAQ:CRNT) Price Target and Consensus Rating

(How are Consensus Ratings Calculated?)

3 Wall Street analysts have issued ratings and price targets for Ceragon Networks in the last 12 months. Their average twelve-month price target is $2.50, suggesting that the stock has a possible downside of 19.09%. The high price target for CRNT is $2.50 and the low price target for CRNT is $2.50. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."

	Today	30 Days Ago	90 Days Ago	180 Days Ago
Consensus Rating:	Hold	Hold	Hold	Hold
Consensus Rating Score:	2.33	2.00	2.00	2.00
Ratings Breakdown:	0 Sell Rating(s) 2 Hold Rating(s) 1 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 2 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 2 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)	0 Sell Rating(s) 3 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s)
Consensus Price Target:	$2.50	$2.50	$2.50	$2.50
Price Target Upside:	19.09% downside	19.62% upside	19.62% upside	20.77% upside

Ceragon Networks (NASDAQ:CRNT) Consensus Price Target History

Price Target History for Ceragon Networks (NASDAQ:CRNT)

Ceragon Networks (NASDAQ:CRNT) Analyst Ratings History

Show:

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
5/8/2018	Needham & Company LLC	Upgrade	Hold ➝ Buy		High
5/7/2018	Oppenheimer	Reiterated Rating	Hold		High
10/8/2017	Jefferies Group	Reiterated Rating	Hold	$2.50	N/A

(Data available from 5/20/2016 forward)

Ceragon Networks (NASDAQ:CRNT) Earnings History and Estimates Chart

Earnings by Quarter for Ceragon Networks (NASDAQ:CRNT)

Ceragon Networks (NASDAQ:CRNT) Earnings Estimates

2018 EPS Consensus Estimate: $0.16
2019 EPS Consensus Estimate: $0.17

Quarter	Number of Estimates	Low Estimate	High Estimate	Average Estimate
Q1 2018	2	$0.02	$0.03	$0.03
Q2 2018	2	$0.02	$0.05	$0.04
Q3 2018	2	$0.04	$0.05	$0.05
Q4 2018	2	$0.05	$0.05	$0.05
Q1 2019	1	$0.03	$0.03	$0.03
Q2 2019	1	$0.03	$0.03	$0.03
Q3 2019	1	$0.05	$0.05	$0.05
Q4 2019	1	$0.06	$0.06	$0.06

Ceragon Networks (NASDAQ CRNT) Earnings History by Quarter

Date	Quarter	Consensus Estimate	Actual EPS	Revenue Estimate	Actual Revenue	Release Link	Conference Call
8/6/2018		$0.05					N/A
5/7/2018	3/31/2018	$0.03	$0.04	$79.75 million	$83.28 million	View	N/A
2/12/2018	Before Market	$0.04	$0.05	$75.21 million	$86.70 million	View	Listen
11/6/2017	Q3	$0.05	$0.05	$78.22 million	$75.99 million	View	N/A
8/7/2017	6/30/2017	$0.06	$0.07	$87.84 million	$93.30 million	View	Listen
5/11/2017	3/31/2017	$0.01	$0.01	$74.09 million	$76.02 million	View	N/A
2/15/2017	Q416	$0.06	$0.07	$80.64 million	$84.70 million	View	Listen
11/14/2016	Q316	$0.04	$0.06	$77.57 million	$79.13 million	View	N/A
8/8/2016	Q216	($0.01)	$0.02	$67.59 million	$70.00 million	View	N/A
5/9/2016	Q116	($0.02)	($0.01)	$63.55 million	$59.80 million	View	N/A
2/16/2016	Q415	$0.02	$0.03	$80.61 million	$75.60 million	View	Listen
11/2/2015	Q315	$0.03	$0.04	$92.13 million	$85.40 million	View	N/A
8/13/2015	Q215		$0.04	$95.01 million	$94.80 million	View	Listen
5/6/2015	Q115	($0.04)	($0.06)	$93.94 million	$93.70 million	View	N/A
2/24/2015	Q414	($0.05)	($0.06)	$108.96 million	$111.20 million	View	N/A
10/30/2014	Q3	($0.14)	($0.06)	$94.97 million	$99.00 million	View	N/A
7/28/2014	Q314	($0.06)	($0.10)	$89.33 million	$90.10 million	View	N/A
5/8/2014	Q1	($0.16)	($0.34)	$71.80 million	$70.50 million	View	Listen
2/13/2014	Q4	($0.07)	($0.09)	$90.38 million	$89.50 million	View	Listen
11/11/2013	Q313	($10.00)	($0.12)	$93.53 million	$92.10 million	View	Listen
8/12/2013	Q2 2013	($0.17)	($0.15)	$86.24 million	$90.10 million	View	Listen
5/6/2013	Q113	($0.17)	($0.16)	$94.89 million	$90.10 million	View	N/A
2/14/2013	Q412	($0.07)	$0.06	$97.69 million	$106.80 million	View	N/A
10/29/2012	Q312	$0.11	$0.09	$121.32 million	$118.00 million	View	N/A
8/6/2012		$0.07	$0.08			View	N/A
5/7/2012		$0.06	$0.05			View	N/A
2/28/2012		$0.06	$0.06			View	N/A
11/7/2011			$0.02			View	N/A
8/8/2011		($0.01)	($0.04)			View	N/A
5/16/2011		$0.01	($0.02)			View	N/A
1/31/2011		$0.15	$0.17			View	N/A
10/25/2010	Q3 2010	$0.09	$0.13			View	N/A
7/26/2010	Q2 2010	$0.08	$0.13			View	N/A
4/26/2010	Q1 2010	$0.05	$0.08			View	N/A
2/1/2010	Q4 2009	$0.05	$0.06			View	N/A
10/26/2009	Q3 2009	$0.01	$0.03			View	N/A
7/20/2009	Q2 2009	$0.01	$0.01			View	N/A
5/1/2009	Q1 2009	$0.01	$0.01			View	N/A
2/4/2009	Q4 2008	$0.10	$0.07			View	N/A
10/27/2008	Q3 2008	$0.12	$0.09			View	N/A
7/21/2008	Q2 2008	$0.12	$0.11			View	N/A
4/18/2008	Q1 2008	$0.12	$0.11			View	N/A
1/28/2008	Q4 2007	$0.13	$0.12			View	N/A

(Earnings results data provided by Zacks Investment Research)

Ceragon Networks (NASDAQ:CRNT) Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date

(Data available from 1/1/2013 forward)

Ceragon Networks (NASDAQ CRNT) Insider Trading and Institutional Ownership History

Insider Ownership Percentage: 19.00%
Institutional Ownership Percentage: 19.98%

Insider Trading History for Ceragon Networks (NASDAQ:CRNT)

Institutional Ownership by Quarter for Ceragon Networks (NASDAQ:CRNT)

Ceragon Networks (NASDAQ CRNT) Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details

(Data available from 1/1/2013 forward)

Ceragon Networks (NASDAQ CRNT) News Headlines

Source:

Date	Headline
	Vuzix (VUZI) and Ceragon (CRNT) Financial Review www.americanbankingnews.com - May 11 at 11:22 PM
	Why Ceragon Networks Is Poised For P/E Expansion seekingalpha.com - May 11 at 4:42 PM
	Ceragon (CRNT) Downgraded by Zacks Investment Research to "Sell" www.americanbankingnews.com - May 10 at 8:41 PM
	Oppenheimer Weighs in on Ceragon's Q2 2018 Earnings (CRNT) www.americanbankingnews.com - May 10 at 7:08 AM
	Oppenheimer Weighs in on Ceragon's Q3 2018 Earnings (CRNT) www.americanbankingnews.com - May 9 at 8:58 AM
	Benzinga's Top Upgrades, Downgrades For May 8, 2018 www.benzinga.com - May 8 at 4:38 PM
	Ceragon (CRNT) Lifted to Buy at Needham & Company LLC www.americanbankingnews.com - May 8 at 1:41 PM
	Edited Transcript of CRNT earnings conference call or presentation 7-May-18 1:00pm GMT finance.yahoo.com - May 8 at 9:13 AM
	Ceragon (CRNT) Earns "Hold" Rating from Oppenheimer www.americanbankingnews.com - May 7 at 7:16 PM
	Ceragon (CRNT) Releases Earnings Results, Beats Estimates By $0.01 EPS www.americanbankingnews.com - May 7 at 10:48 AM
	Ceragon Networks Reports First Quarter 2018 Financial Results www.prnewswire.com - May 7 at 9:08 AM
	Ceragon: 1Q Earnings Snapshot finance.yahoo.com - May 7 at 9:08 AM
	Ceragon (CRNT) to Release Earnings on Monday www.americanbankingnews.com - April 30 at 3:16 AM
	Airband Deploys Ceragon's FibeAir IP-20 Platform to Deliver High Capacity, Scalable Wireless Backhaul Networks to ... www.prnewswire.com - April 25 at 9:20 AM
	Airband Deploys Ceragon's FibeAir IP-20 Platform to Deliver High Capacity, Scalable Wireless Backhaul Networks to Rural Areas in the United Kingdom finance.yahoo.com - April 25 at 9:20 AM
	Comparing Ceragon (CRNT) & Its Competitors www.americanbankingnews.com - April 22 at 7:06 PM
	Reviewing Ceragon (CRNT) & Its Peers www.americanbankingnews.com - April 22 at 1:20 PM
	Analyzing Ceragon Networks (CRNT) & Its Competitors www.americanbankingnews.com - April 21 at 5:14 AM
	Zacks Investment Research Downgrades Ceragon Networks (CRNT) to Hold www.americanbankingnews.com - April 16 at 8:40 PM
	Ceragon Networks (CRNT) versus Its Rivals Financial Analysis www.americanbankingnews.com - April 15 at 3:11 AM
	Ceragon Networks (CRNT) Stock Rating Reaffirmed by Oppenheimer www.americanbankingnews.com - April 12 at 9:35 PM
	Ceragon Networks (CRNT) versus The Competition Critical Survey www.americanbankingnews.com - April 12 at 9:51 AM
	Ceragon Networks (CRNT) versus Its Peers Head-To-Head Analysis www.americanbankingnews.com - April 10 at 9:14 PM
	Nokia to Offer Seamless Transition to 5G Services in China www.zacks.com - April 10 at 9:43 AM
	Buy 4 Non-U.S. Wireless Operators for Seamless Returns finance.yahoo.com - April 10 at 9:43 AM
	Ceragon Networks® First Quarter 2018 Financial Results Scheduled for Release On May 7, 2018 www.prnewswire.com - April 9 at 5:54 AM
	Ceragon Networks (CRNT) Upgraded by ValuEngine to Buy www.americanbankingnews.com - April 8 at 12:54 PM
	Critical Survey: Ceragon Networks (CRNT) and The Competition www.americanbankingnews.com - April 7 at 1:27 PM
	Ceragon Networks (CRNT) Upgraded to Buy at Zacks Investment Research www.americanbankingnews.com - April 6 at 8:10 PM
	Ceragon Networks (CRNT) Rating Lowered to Hold at Zacks Investment Research www.americanbankingnews.com - April 5 at 8:30 PM
	Global Cloud RAN (C-RAN) Market Forecasts 2018-2023 - A $997.5 Million Market Opportunity - ResearchAndMarkets ... www.businesswire.com - April 5 at 4:34 PM
	Ceragon Networks (CRNT) Stock Rating Lowered by Zacks Investment Research www.americanbankingnews.com - March 30 at 9:28 PM
	Ceragon Networks (CRNT) Upgraded at Zacks Investment Research www.americanbankingnews.com - March 28 at 10:55 PM
	Tuesday Sector Leaders: Manufacturing, Computers www.nasdaq.com - March 27 at 4:30 PM
	Ceragon Networks (CRNT) and The Competition Head-To-Head Review www.americanbankingnews.com - March 27 at 9:26 AM
	Ceragon Networks (CRNT) Lowered to Hold at Zacks Investment Research www.americanbankingnews.com - March 20 at 9:22 PM
	Ceragon Networks (CRNT) Upgraded to "Buy" at Zacks Investment Research www.americanbankingnews.com - March 16 at 8:20 PM
	Ceragon Speeds Coverage Expansion and Network Densification for Gigabit LTE and 5G finance.yahoo.com - February 22 at 9:08 AM
	Fujitsu and Ceragon Partner to Deliver 5G Ultra-High Capacity Wireless Backhaul Networks to the North American Market finance.yahoo.com - February 21 at 9:21 AM
	Ceragon Networks Ltd (CRNT) to Post Q1 2018 Earnings of $0.03 Per Share, Oppenheimer Forecasts www.americanbankingnews.com - February 14 at 7:12 AM
	Oppenheimer Analysts Boost Earnings Estimates for Ceragon Networks Ltd (CRNT) www.americanbankingnews.com - February 13 at 8:34 AM
	Ceragon Networks (CRNT) Given Hold Rating at Oppenheimer www.americanbankingnews.com - February 12 at 1:32 PM
	Ceragon Networks Ltd to Host Earnings Call finance.yahoo.com - February 12 at 9:11 AM
	Ceragon Networks Reports Fourth Quarter and Full Year 2017 Financial Results finance.yahoo.com - February 12 at 9:11 AM
	Ceragon Networks (CRNT) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS www.americanbankingnews.com - February 12 at 8:56 AM
	Ceragon Networks (CRNT) Scheduled to Post Quarterly Earnings on Monday www.americanbankingnews.com - February 5 at 4:34 AM
	Ceragon Networks (CRNT) Lifted to Hold at Zacks Investment Research www.americanbankingnews.com - January 8 at 8:36 PM
	Form 6-K CERAGON NETWORKS LTD For: Jan 08 - StreetInsider.com www.streetinsider.com - January 8 at 5:23 PM
	Ceragon Networks® Fourth Quarter and Full Year 2017 Financial Results Scheduled for Release on February 12, 2018 finance.yahoo.com - January 8 at 9:56 AM
	Ceragon Networks Ltd (CRNT) Given Average Recommendation of "Hold" by Brokerages www.americanbankingnews.com - January 4 at 2:02 AM

Ceragon Networks (NASDAQ:CRNT) SEC Filings

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Ceragon Networks (NASDAQ:CRNT) Income Statement, Balance Sheet and Cash Flow Statement

Ceragon Networks (NASDAQ CRNT) Stock Chart for Sunday, May, 20, 2018

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This page was last updated on 5/20/2018 by MarketBeat.com Staff