Ceragon Networks (NASDAQ:CRNT - Get Free Report) announced its quarterly earnings results on Tuesday. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02), Zacks reports. Ceragon Networks had a return on equity of 19.77% and a net margin of 5.10%. During the same quarter in the previous year, the company earned $0.04 earnings per share. Ceragon Networks updated its FY 2025 guidance to EPS.
Ceragon Networks Stock Performance
CRNT traded down $0.07 during trading on Friday, reaching $3.48. The stock had a trading volume of 1,687,522 shares, compared to its average volume of 2,628,989. The business has a 50-day moving average of $4.67 and a 200-day moving average of $3.49. Ceragon Networks has a one year low of $2.33 and a one year high of $5.73. The stock has a market cap of $296.83 million, a PE ratio of 15.80 and a beta of 1.59.
Analysts Set New Price Targets
A number of research firms recently weighed in on CRNT. Needham & Company LLC reaffirmed a "buy" rating and set a $6.00 target price on shares of Ceragon Networks in a report on Wednesday. Roth Capital upgraded Ceragon Networks to a "strong-buy" rating in a research report on Monday, October 28th. Roth Mkm assumed coverage on Ceragon Networks in a research note on Monday, October 28th. They set a "buy" rating and a $4.50 price objective for the company. StockNews.com lowered Ceragon Networks from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Finally, Litchfield Hills Research started coverage on Ceragon Networks in a research report on Tuesday, December 3rd. They set a "buy" rating and a $10.00 price target for the company. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ceragon Networks has an average rating of "Buy" and an average target price of $6.83.
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Ceragon Networks Company Profile
(
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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.
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