Aristides Capital LLC Makes New $700,000 Investment in Ceragon Networks Ltd. (NASDAQ:CRNT)

Aristides Capital LLC bought a new position in shares of Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 150,000 shares of the communications equipment provider's stock, valued at approximately $700,000. Aristides Capital LLC owned approximately 0.18% of Ceragon Networks as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Walleye Capital LLC raised its stake in shares of Ceragon Networks by 95.1% during the 3rd quarter. Walleye Capital LLC now owns 283,933 shares of the communications equipment provider's stock worth $778,000 after purchasing an additional 138,411 shares in the last quarter. XTX Topco Ltd acquired a new stake in Ceragon Networks in the third quarter valued at $152,000. JPMorgan Chase & Co. acquired a new position in shares of Ceragon Networks during the 3rd quarter worth about $104,000. Inspire Investing LLC bought a new stake in shares of Ceragon Networks in the 4th quarter valued at about $903,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of Ceragon Networks in the 4th quarter valued at about $90,000. 13.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRNT has been the topic of a number of recent analyst reports. StockNews.com raised Ceragon Networks from a "hold" rating to a "buy" rating in a research report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and set a $6.00 price target on shares of Ceragon Networks in a report on Wednesday, February 12th. Finally, Craig Hallum assumed coverage on shares of Ceragon Networks in a research note on Thursday, March 13th. They issued a "buy" rating and a $5.00 price target on the stock. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $6.38.

Ceragon Networks Stock Performance

Shares of CRNT stock traded up $0.02 on Friday, hitting $2.08. The company's stock had a trading volume of 453,660 shares, compared to its average volume of 1,035,293. Ceragon Networks Ltd. has a fifty-two week low of $1.95 and a fifty-two week high of $5.73. The company has a market capitalization of $185.05 million, a PE ratio of 7.69 and a beta of 1.60. The stock's 50 day moving average is $2.91 and its 200-day moving average is $3.44.

Ceragon Networks Company Profile

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.