Ceragon Networks (CRNT) Stock Price, News & Analysis

Company Overview

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. It also provides IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount, all-indoor solutions comprising IP-20N/IP-20A, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50EX, IP-50C, IP-50CX, and IP-50FX for various short-haul, long-haul, fronthaul, small cells, routing, and enterprise access applications. In addition, the company offers network and radio planning, site surveys, solutions development, installation, network rollout, wireless transport network auditing and optimization, maintenance, training, and other services. It serves internet service providers, municipalities, government, utilities, and maritime communications broadcasters and defense, as well as oil and gas companies, public safety organizations, business and public institutions, broadcasters, energy utilities, and private communications networks. The company sells its products through direct sales, original equipment manufacturers, resellers, distributors, and system integrators. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was incorporated in 1996 and is headquartered in Rosh Ha'Ayin, Israel.

Key Stats

• Today's Range: $4.14 to $4.48
• 50-Day Range: $2.40 to $4.54
• 52-Week Range: $1.80 to $4.70
• Volume: 912,534 shs
• Average Volume: 546,244 shs
• Market Capitalization: $377.56 million
• P/E Ratio: 20.09
• Dividend Yield: N/A
• Price Target: $6.58
• Consensus Rating: Buy

Ceragon Networks Stock Analysis - MarketRank™

Ceragon Networks scored higher than 75% of companies evaluated by MarketBeat, and ranked 222nd out of 663 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.7 / 5
• Analyst Rating: Buy

Consensus Rating

Ceragon Networks has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ceragon Networks has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.68%

Earnings Growth

Earnings for Ceragon Networks are expected to grow by 9.68% in the coming year, from $0.31 to $0.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ceragon Networks is 19.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ceragon Networks is 19.05, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 220.60.

Price to Book Value per Share Ratio

Ceragon Networks has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.06% of the float of Ceragon Networks has been sold short.

Short Interest Ratio / Days to Cover

Ceragon Networks has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ceragon Networks has recently decreased by 49.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Ceragon Networks does not currently pay a dividend.

Dividend Growth

Ceragon Networks does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.06% of the float of Ceragon Networks has been sold short.

Short Interest Ratio / Days to Cover

Ceragon Networks has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ceragon Networks has recently decreased by 49.83%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.6 / 5
• News Sentiment: 1.41

News Sentiment

Ceragon Networks has a news sentiment score of 1.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Ceragon Networks this week, compared to 2 articles on an average week.

Search Interest

30 people have searched for CRNT on MarketBeat in the last 30 days. This is an increase of 1,400% compared to the previous 30 days.

MarketBeat Follows

6 people have added Ceragon Networks to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ceragon Networks insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.00% of the stock of Ceragon Networks is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 13.31% of the stock of Ceragon Networks is held by institutions.

CRNT Stock Analysis - Frequently Asked Questions

How have CRNT shares performed this year?

Ceragon Networks' stock was trading at $2.16 at the beginning of the year. Since then, CRNT stock has increased by 94.0% and is now trading at $4.19.
View the best growth stocks for 2024 here.

How were Ceragon Networks' earnings last quarter?

Ceragon Networks Ltd. (NASDAQ:CRNT) announced its earnings results on Tuesday, February, 20th. The communications equipment provider reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. The communications equipment provider earned $90.36 million during the quarter. Ceragon Networks had a trailing twelve-month return on equity of 19.77% and a net margin of 5.10%.

Does Ceragon Networks have any subsidiaries?

The following companies are subsidiaries of Ceragon Networks: NERA Networks, Ceragon Networks Inc., and Ceragon Networks (India) Private Limited.

Who are Ceragon Networks' major shareholders?

Top institutional shareholders of Ceragon Networks include Walleye Capital LLC (0.33%), Millrace Asset Group Inc. (0.29%), XTX Topco Ltd (0.06%) and Oppenheimer & Co. Inc. (0.01%).

How do I buy shares of Ceragon Networks?

Shares of CRNT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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What other stocks do shareholders of Ceragon Networks own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ceragon Networks investors own include NVIDIA (NVDA), Nokia Oyj (NOK), Advanced Micro Devices (AMD), Meta Platforms (META), Tesla (TSLA), Micron Technology (MU) and Palantir Technologies (PLTR).

Company Calendar

• Last Earnings: 2/20/2024
• Today: 12/03/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Radio & t.v. communications equipment
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:CRNT
• CUSIP: N/A
• CIK: 1119769
• Web: www.ceragon.com
• Phone: (723) 543-1369
• Fax: 972-3543-1600
• Employees: 1,407
• Year Founded: 1996

Price Target and Rating

• Average Stock Price Target: $4.88
• High Stock Price Target: $5.25
• Low Stock Price Target: $4.50
• Potential Upside/Downside: +17.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.22
• Trailing P/E Ratio: 18.91
• Forward P/E Ratio: 13.42
• P/E Growth: N/A
• Net Income: $6.22 million
• Net Margins: 5.10%
• Pretax Margin: 6.19%
• Return on Equity: 19.77%
• Return on Assets: 9.38%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.77
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $347.18 million
• Price / Sales: 1.02
• Cash Flow: $0.25 per share
• Price / Cash Flow: 16.84
• Book Value: $1.59 per share
• Price / Book: 2.62

Miscellaneous

• Outstanding Shares: 85,420,000
• Free Float: 69,189,000
• Market Cap: $355.35 million
• Optionable: Optionable
• Beta: 1.61