Susquehanna Fundamental Investments LLC Invests $338,000 in Ceragon Networks Ltd. (NASDAQ:CRNT)

Susquehanna Fundamental Investments LLC acquired a new stake in Ceragon Networks Ltd. (NASDAQ:CRNT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 72,289 shares of the communications equipment provider’s stock, valued at approximately $338,000. Susquehanna Fundamental Investments LLC owned 0.08% of Ceragon Networks as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CRNT. JPMorgan Chase & Co. purchased a new stake in shares of Ceragon Networks in the third quarter valued at approximately $104,000. Inspire Investing LLC purchased a new stake in shares of Ceragon Networks during the 4th quarter worth $903,000. Perigon Wealth Management LLC purchased a new position in shares of Ceragon Networks in the 4th quarter valued at about $90,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Ceragon Networks in the fourth quarter valued at about $166,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Ceragon Networks during the fourth quarter worth about $182,000. Hedge funds and other institutional investors own 13.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of Ceragon Networks in a report on Wednesday, February 12th. Craig Hallum initiated coverage on Ceragon Networks in a report on Thursday, March 13th. They set a “buy” rating and a $5.00 price objective for the company. Finally, StockNews.com upgraded Ceragon Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ceragon Networks currently has an average rating of “Buy” and a consensus price target of $6.38.

Ceragon Networks Stock Performance

Shares of NASDAQ:CRNT opened at $2.36 on Friday. Ceragon Networks Ltd. has a one year low of $1.95 and a one year high of $5.73. The stock has a market cap of $209.87 million, a PE ratio of 8.74 and a beta of 1.60. The business’s fifty day moving average price is $2.36 and its two-hundred day moving average price is $3.38.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.