Shares of Ceragon Networks Ltd. (NASDAQ:CRNT - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.38 and traded as high as $4.72. Ceragon Networks shares last traded at $4.61, with a volume of 792,438 shares.
Analyst Ratings Changes
CRNT has been the subject of a number of recent analyst reports. Roth Capital raised Ceragon Networks to a "strong-buy" rating in a research report on Monday, October 28th. Needham & Company LLC reissued a "buy" rating and issued a $6.00 price target on shares of Ceragon Networks in a report on Thursday, January 16th. Litchfield Hills Research started coverage on shares of Ceragon Networks in a report on Tuesday, December 3rd. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Roth Mkm initiated coverage on shares of Ceragon Networks in a research note on Monday, October 28th. They issued a "buy" rating and a $4.50 target price for the company. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $6.83.
Read Our Latest Analysis on Ceragon Networks
Ceragon Networks Stock Performance
The company has a 50 day simple moving average of $4.64 and a two-hundred day simple moving average of $3.42. The firm has a market cap of $411.72 million, a PE ratio of 21.91 and a beta of 1.59.
Hedge Funds Weigh In On Ceragon Networks
Hedge funds and other institutional investors have recently bought and sold shares of the business. Navellier & Associates Inc. purchased a new stake in shares of Ceragon Networks in the 4th quarter valued at $1,804,000. Inspire Investing LLC acquired a new position in Ceragon Networks during the fourth quarter valued at $903,000. Walleye Capital LLC grew its position in 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 during the period. XTX Topco Ltd purchased a new position in shares of Ceragon Networks during the 3rd quarter valued at about $152,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Ceragon Networks in the 4th quarter valued at about $182,000. Institutional investors and hedge funds own 13.31% of the company's stock.
About Ceragon Networks
(
Get Free Report)
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.
Read More
Before you consider Ceragon Networks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ceragon Networks wasn't on the list.
While Ceragon Networks currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
