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

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

Ceragon Networks Ltd (NASDAQ:CRNT) announced its quarterly earnings data on Monday, February, 10th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.05. The communications equipment provider earned $71.26 million during the quarter, compared to analysts' expectations of $72.16 million. Ceragon Networks had a negative return on equity of 1.21% and a negative net margin of 0.82%. View Ceragon Networks' Earnings History.

Ceragon Networks is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Ceragon Networks.

2 brokers have issued 1 year target prices for Ceragon Networks' stock. Their forecasts range from $4.00 to $4.00. On average, they expect Ceragon Networks' share price to reach $4.00 in the next twelve months. This suggests a possible upside of 101.0% from the stock's current price. View Analyst Price Targets for Ceragon Networks.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ceragon Networks.

News coverage about CRNT stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 2.8 on InfoTrie's scale. They also gave news stories about the communications equipment provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term. View News Stories for Ceragon Networks.

Ceragon Networks saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 3,430,000 shares, an increase of 16.7% from the January 15th total of 2,940,000 shares. Based on an average daily trading volume, of 898,500 shares, the short-interest ratio is currently 3.8 days. Currently, 5.7% of the company's shares are sold short. View Ceragon Networks' Current Options Chain.

Some companies that are related to Ceragon Networks include Harmonic (HLIT), Gilat Satellite Networks (GILT), Casa Systems (CASA), CalAmp (CAMP), Sierra Wireless (SWIR), KVH Industries (KVHI), PC Tel (PCTI), Cambium Networks (CMBM), SeaChange International (SEAC), Pointer Telocation (PNTR), Airgain (AIRG), SGOCO Group (SGOC), Aviat Networks (AVNW), Vuzix (VUZI) and Energous (WATT).

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), Canopy Growth (CGC), Verizon Communications (VZ), Inseego (INSG), Alibaba Group (BABA), Micron Technology (MU), QUALCOMM (QCOM) and Cisco Systems (CSCO).

Ceragon Networks' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (4.57%), First Wilshire Securities Management Inc. (1.73%), Acadian Asset Management LLC (1.06%), Penserra Capital Management LLC (0.72%), GHP Investment Advisors Inc. (0.23%) and ARK Investment Management LLC (0.16%).

CRNT stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Renaissance Technologies LLC, First Wilshire Securities Management Inc., New York State Common Retirement Fund, ARK Investment Management LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D and Harvest Management LLC.

CRNT stock was acquired by a variety of institutional investors in the last quarter, including Penserra Capital Management LLC, Wealthsource Partners LLC, Virtu Financial LLC, GHP Investment Advisors Inc., Goldman Sachs Group Inc., IHT Wealth Management LLC and Phoenix Holdings 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, Robinhood, Fidelity and Charles Schwab.

One share of CRNT stock can currently be purchased for approximately $1.99.

Ceragon Networks has a market capitalization of $159.66 million and generates $285.58 million in revenue each year. The communications equipment provider earns $-2,340,000.00 in net income (profit) each year or ($0.03) on an earnings per share basis. Ceragon Networks employs 1,115 workers across the globe.View Additional Information About Ceragon Networks.

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 972-3543-1284 or via email at [email protected]