Ceragon Networks Ltd. (NASDAQ:CRNT – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $3.75.
Several equities analysts recently commented on the company. Wall Street Zen cut Ceragon Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of Ceragon Networks in a report on Tuesday, August 11th. Weiss Ratings cut Ceragon Networks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, August 19th. Finally, Zacks Research upgraded shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th.
Check Out Our Latest Research Report on CRNT
Hedge Funds Weigh In On Ceragon Networks
Ceragon Networks Price Performance
Ceragon Networks stock opened at $2.07 on Tuesday. The firm has a market capitalization of $188.14 million, a P/E ratio of -69.00 and a beta of 1.36. Ceragon Networks has a one year low of $1.85 and a one year high of $3.29. The business has a fifty day moving average price of $2.13 and a 200-day moving average price of $2.37.
Ceragon Networks (NASDAQ:CRNT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The communications equipment provider reported $0.02 earnings per share for the quarter. The firm had revenue of $93.91 million for the quarter, compared to analysts’ expectations of $86.45 million. Ceragon Networks had a positive return on equity of 2.74% and a negative net margin of 0.95%. Sell-side analysts expect that Ceragon Networks will post 0.1 earnings per share for the current fiscal year.
About Ceragon Networks
Ceragon Networks Ltd. is a telecommunications equipment and solutions provider headquartered in Israel. The company develops wireless transport systems that enable communications service providers and other organizations to connect mobile and fixed networks, particularly where fiber infrastructure is unavailable, costly, or difficult to deploy.
Its portfolio includes microwave and millimeter-wave radio systems, packet-based networking equipment, and related software and services. Ceragon’s solutions support mobile backhaul, midhaul and fronthaul for 4G and 5G networks, as well as fixed wireless access, private networks, enterprise connectivity, public safety, utilities, and government communications.
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