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NASDAQ:CRNT

Ceragon Networks (CRNT) Stock Price, News & Analysis

Ceragon Networks logo
$3.19 +0.07 (+2.24%)
(As of 11/20/2024 ET)

About Ceragon Networks Stock (NASDAQ:CRNT)

Key Stats

Today's Range
$3.09
$3.24
50-Day Range
$2.40
$3.19
52-Week Range
$1.75
$3.38
Volume
1.03 million shs
Average Volume
466,931 shs
Market Capitalization
$272.48 million
P/E Ratio
14.50
Dividend Yield
N/A
Price Target
$4.88
Consensus Rating
Buy

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.

Ceragon Networks Stock Analysis - MarketRank™

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83rd Percentile Overall Score

CRNT MarketRank™: 

Ceragon Networks scored higher than 83% of companies evaluated by MarketBeat, and ranked 179th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about Ceragon Networks' stock forecast and price target.
  • Earnings Growth

    Earnings for Ceragon Networks are expected to grow by 21.43% in the coming year, from $0.28 to $0.34 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ceragon Networks is 14.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.38.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ceragon Networks is 14.50, 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 269.47.

  • Price to Book Value per Share Ratio

    Ceragon Networks has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.13% 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 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ceragon Networks has recently increased by 8.19%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Ceragon Networks does not currently pay a dividend.

  • Dividend Growth

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

  • Percentage of Shares Shorted

    0.13% 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 0.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Ceragon Networks has recently increased by 8.19%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Ceragon Networks has a news sentiment score of 1.01. 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 0.58 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Ceragon Networks this week, compared to 2 articles on an average week.
  • Search Interest

    8 people have searched for CRNT on MarketBeat in the last 30 days. This is an increase of 167% compared to the previous 30 days.
  • MarketBeat Follows

    3 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.
  • 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.

  • Read more about Ceragon Networks' insider trading history.
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CRNT Stock News Headlines

Roth Capital Predicts Stronger Earnings for Ceragon Networks
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Ceragon Networks Sees Strong Q3 Revenue Growth
Ceragon Networks Sees Strong Q3 Revenue Growth
See More Headlines

CRNT Stock Analysis - Frequently Asked Questions

Ceragon Networks' stock was trading at $2.16 on January 1st, 2024. Since then, CRNT shares have increased by 47.7% and is now trading at $3.19.
View the best growth stocks for 2024 here
.

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

Ceragon Networks subsidiaries include NERA Networks, Ceragon Networks Inc., and Ceragon Networks (India) Private Limited.

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

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.
Compare Top Brokerages Here.

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
11/20/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:CRNT
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
+52.8%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$6.22 million
Pretax Margin
6.19%

Debt

Sales & Book Value

Annual Sales
$377.62 million
Cash Flow
$0.32 per share
Book Value
$1.59 per share

Miscellaneous

Free Float
69,189,000
Market Cap
$272.48 million
Optionable
Optionable
Beta
1.35

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This page (NASDAQ:CRNT) was last updated on 11/21/2024 by MarketBeat.com Staff
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