NASDAQ:CRNTCeragon Networks Stock Price, Forecast & News

$2.19

-0.06 (-2.67 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$2.18

Now: $2.19▼

$2.29

50-Day Range

$1.95

MA: $2.24▼

$2.42

52-Week Range

$0.99

Now: $2.19▼

$3.25

Volume650,904 shs

Average Volume463,745 shs

Market Capitalization$176.65 million

P/E RatioN/A

Dividend YieldN/A

Beta2.02

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 and millimeter wave 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 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/all-indoor solutions comprising IP-20N/IP-20A, IP-20GX, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. 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. Ceragon Networks Ltd. has a collaboration agreement with NEC Corporation. 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.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Ceragon Networks has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.63, Ceragon Networks has a potential upside of 65.5% from its current price of $2.19.
Amount of Analyst Coverage
Ceragon Networks has only been the subject of 2 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Ceragon Networks has received 372 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ceragon Networks has received 413 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ceragon Networks has received 52.61% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Ceragon Networks does not currently pay a dividend.
Dividend Growth
Ceragon Networks does not have a long track record of dividend growth.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ceragon Networks insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 19.00% of the stock of Ceragon Networks is held by insiders.
Percentage Held by Institutions
Only 11.29% of the stock of Ceragon Networks is held by institutions.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Ceragon Networks are expected to grow in the coming year, from ($0.25) to ($0.03) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ceragon Networks is -16.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ceragon Networks is -16.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ceragon Networks has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.26 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Radio & t.v. communications equipment

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:CRNT

Previous Symbol

CUSIPN/A

CIK1119769

Webwww.ceragon.com

Phone972-3543-1643

Debt

Debt-to-Equity RatioN/A

Current Ratio1.88

Quick Ratio1.37

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$285.58 million

Price / Sales0.62

Cash Flow$0.10 per share

Price / Cash Flow22.71

Book Value$1.99 per share

Price / Book1.10

Profitability

EPS (Most Recent Fiscal Year)($0.03)

Net Income$-2,340,000.00

Net Margins-3.68%

Return on Equity-6.69%

Return on Assets-3.59%

Miscellaneous

Employees1,199

Outstanding Shares80,660,000

Market Cap$176.65 million

Next Earnings Date8/10/2020 (Estimated)

OptionableOptionable

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Ceragon Networks (NASDAQ:CRNT) Frequently Asked Questions

How has Ceragon Networks' stock been impacted by COVID-19 (Coronavirus)?

Ceragon Networks' stock was trading at $1.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CRNT stock has increased by 49.0% and is now trading at $2.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ceragon Networks?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ceragon Networks in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ceragon Networks.

When is Ceragon Networks' next earnings date?

Ceragon Networks is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for Ceragon Networks.

How were Ceragon Networks' earnings last quarter?

Ceragon Networks Ltd (NASDAQ:CRNT) posted its quarterly earnings data on Monday, May, 4th. The communications equipment provider reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by $0.04. The communications equipment provider had revenue of $55.87 billion for the quarter, compared to analyst estimates of $56.25 million. Ceragon Networks had a negative return on equity of 6.69% and a negative net margin of 3.68%. View Ceragon Networks' earnings history.

What price target have analysts set for CRNT?

2 brokers have issued 1 year price targets for Ceragon Networks' stock. Their forecasts range from $3.25 to $4.00. On average, they anticipate Ceragon Networks' stock price to reach $3.63 in the next twelve months. This suggests a possible upside of 65.5% from the stock's current price. View analysts' price targets for Ceragon Networks.

Has Ceragon Networks been receiving favorable news coverage?

Media stories about CRNT stock have trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ceragon Networks earned a news impact score of -2.7 on InfoTrie's scale. They also assigned press coverage about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutCeragon Networks.

Are investors shorting Ceragon Networks?

Ceragon Networks saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,260,000 shares, a decrease of 24.6% from the April 30th total of 1,670,000 shares. Based on an average trading volume of 699,000 shares, the short-interest ratio is currently 1.8 days. Currently, 2.0% of the shares of the stock are sold short. View Ceragon Networks' Current Options Chain.

Who are some of Ceragon Networks' key competitors?

Some companies that are related to Ceragon Networks include Harmonic (HLIT), Comtech Telecomm. (CMTL), Loral Space & Communications Ltd. (LORL), Casa Systems (CASA), Gilat Satellite Networks (GILT), Sierra Wireless (SWIR), CalAmp (CAMP), KVH Industries (KVHI), Cambium Networks (CMBM), PC Tel (PCTI), Airgain (AIRG), Vuzix (VUZI), Aviat Networks (AVNW), SGOCO Group (SGOC) and Energous (WATT). View all competitors.

What other stocks do shareholders of Ceragon Networks own?

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), Alibaba Group (BABA), Inseego (INSG), QUALCOMM (QCOM), Walt Disney (DIS) and Editas Medicine (EDIT).

Who are Ceragon Networks' key executives?

Ceragon Networks' management team includes the following people:

Mr. Ira Palti, Pres, CEO & Director (Age 61)
Mr. Charles Meyo, Regional Pres of North America (Age 55)
Mr. Amit Ancikovsky, Regional Pres of Latin America & Africa (Age 48)
Mr. Doron Arazi, Deputy Chief Exec. Officer (Age 55)
Mr. Flavio Perrucchetti, Regional Pres of Europe (Age 51)

What is Ceragon Networks' stock symbol?

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

Who are Ceragon Networks' major shareholders?

Ceragon Networks' stock is owned by many different retail and institutional investors. Top institutional investors include First Wilshire Securities Management Inc. (2.57%), Phoenix Holdings Ltd. (0.36%), GHP Investment Advisors Inc. (0.33%), Invesco Ltd. (0.27%), ETF Managers Group LLC (0.20%) and Two Sigma Advisers LP (0.19%).

Which institutional investors are selling Ceragon Networks stock?

CRNT stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., and Two Sigma Advisers LP.

Which institutional investors are buying Ceragon Networks stock?

CRNT stock was purchased by a variety of institutional investors in the last quarter, including First Wilshire Securities Management Inc., Phoenix Holdings Ltd., Invesco Ltd., Breiter Capital Management Inc., GHP Investment Advisors Inc., Spark Investment Management LLC, Wells Fargo & Company MN, and Citigroup Inc..

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, Robinhood, Fidelity, and Charles Schwab.

What is Ceragon Networks' stock price today?

One share of CRNT stock can currently be purchased for approximately $2.19.

How big of a company is Ceragon Networks?

Ceragon Networks has a market capitalization of $176.65 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 1,199 workers across the globe.

What is Ceragon Networks' official website?

The official website for Ceragon Networks is www.ceragon.com.

How can I contact Ceragon Networks?

Ceragon Networks' mailing address is 24 RAOUL WALLENBERG ST, TEL AVIV L3, 69719. The communications equipment provider can be reached via phone at 972-3543-1643 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff