Walleye Capital LLC Grows Position in Ceragon Networks Ltd. (NASDAQ:CRNT)

Walleye Capital LLC grew its stake in shares of Ceragon Networks Ltd. (NASDAQ:CRNT - Free Report) by 95.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,933 shares of the communications equipment provider's stock after acquiring an additional 138,411 shares during the period. Walleye Capital LLC owned 0.33% of Ceragon Networks worth $778,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its position in Ceragon Networks by 45.7% during the second quarter. Sei Investments Co. now owns 27,423 shares of the communications equipment provider's stock worth $69,000 after buying an additional 8,607 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Ceragon Networks in the 2nd quarter valued at $26,000. Cubist Systematic Strategies LLC acquired a new stake in Ceragon Networks in the second quarter valued at about $56,000. Renaissance Technologies LLC grew its holdings in shares of Ceragon Networks by 35.4% during the 2nd quarter. Renaissance Technologies LLC now owns 643,816 shares of the communications equipment provider's stock valued at $1,610,000 after purchasing an additional 168,416 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Ceragon Networks by 25.7% during the second quarter. Acadian Asset Management LLC now owns 1,955,161 shares of the communications equipment provider's stock worth $4,878,000 after buying an additional 400,161 shares during the last quarter. Institutional investors and hedge funds own 13.31% of the company's stock.

Ceragon Networks Stock Up 1.7 %

Ceragon Networks stock traded up $0.07 during mid-day trading on Friday, reaching $4.30. 967,739 shares of the company's stock were exchanged, compared to its average volume of 1,812,430. Ceragon Networks Ltd. has a one year low of $1.83 and a one year high of $4.70. The firm has a market capitalization of $367.31 million, a PE ratio of 19.55 and a beta of 1.61. The business's fifty day simple moving average is $2.97 and its 200 day simple moving average is $2.78.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CRNT shares. Roth Mkm initiated coverage on Ceragon Networks in a research note on Monday, October 28th. They issued a "buy" rating and a $4.50 price objective for the company. Roth Capital raised Ceragon Networks to a "strong-buy" rating in a research note on Monday, October 28th. Litchfield Hills Research started 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 on the stock. Finally, Needham & Company LLC reissued a "buy" rating and issued a $6.00 price objective (up previously from $4.50) on shares of Ceragon Networks in a research note on Wednesday. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $6.83.

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.