Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) - Analysts at Roth Capital reduced their Q1 2025 earnings estimates for shares of Ceragon Networks in a note issued to investors on Tuesday, February 11th. Roth Capital analyst S. Searle now expects that the communications equipment provider will earn $0.03 per share for the quarter, down from their previous estimate of $0.07. Roth Capital has a "Strong-Buy" rating on the stock. The consensus estimate for Ceragon Networks' current full-year earnings is $0.35 per share. Roth Capital also issued estimates for Ceragon Networks' Q2 2025 earnings at $0.06 EPS and FY2025 earnings at $0.32 EPS.
Several other research firms have also recently issued reports on CRNT. Needham & Company LLC reiterated a "buy" rating and issued a $6.00 price objective on shares of Ceragon Networks in a report on Wednesday, February 12th. StockNews.com lowered shares of Ceragon Networks from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 13th. Litchfield Hills Research began coverage on shares of Ceragon Networks in a research note on Tuesday, December 3rd. They set a "buy" rating and a $10.00 target price for the company. Finally, Roth Mkm began coverage on shares of Ceragon Networks in a research note on Monday, October 28th. They set a "buy" rating and a $4.50 target price for the company. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $6.83.
Read Our Latest Report on Ceragon Networks
Ceragon Networks Price Performance
Shares of Ceragon Networks stock traded down $0.05 on Friday, hitting $3.42. The company had a trading volume of 2,613,617 shares, compared to its average volume of 2,640,528. The business has a 50-day simple moving average of $4.60 and a 200-day simple moving average of $3.52. The company has a market cap of $291.71 million, a PE ratio of 15.52 and a beta of 1.59. Ceragon Networks has a 52 week low of $2.33 and a 52 week high of $5.73.
Institutional Investors Weigh In On Ceragon Networks
Several hedge funds have recently made changes to their positions in CRNT. Marshall Wace LLP lifted its position in shares of Ceragon Networks by 598.1% in the 4th quarter. Marshall Wace LLP now owns 703,091 shares of the communications equipment provider's stock valued at $3,283,000 after acquiring an additional 602,383 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Ceragon Networks by 123.9% during the 4th quarter. Millennium Management LLC now owns 962,898 shares of the communications equipment provider's stock valued at $4,497,000 after purchasing an additional 532,798 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ceragon Networks by 47.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,333,295 shares of the communications equipment provider's stock valued at $6,226,000 after purchasing an additional 426,760 shares in the last quarter. Navellier & Associates Inc. bought a new position in shares of Ceragon Networks during the 4th quarter valued at $1,804,000. Finally, Two Sigma Investments LP raised its holdings in shares of Ceragon Networks by 951.7% during the 4th quarter. Two Sigma Investments LP now owns 296,588 shares of the communications equipment provider's stock valued at $1,385,000 after purchasing an additional 268,388 shares in the last quarter. Hedge funds and other institutional investors own 13.31% of the company's stock.
About Ceragon Networks
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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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