Short Interest in Ceragon Networks Increases By 43.2% (CRNT)
Ceragon Networks (NASDAQ:CRNT) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,110,054 shares, an increase of 43.2% from the July 15th total of 775,392 shares, Analyst Ratings Net reports. Based on an average daily volume of 687,107 shares, the short-interest ratio is presently 1.6 days. Currently, 2.6% of the shares of the company are sold short.
Ceragon Networks (NASDAQ:CRNT) opened at 2.05 on Thursday. Ceragon Networks has a 52-week low of $2.00 and a 52-week high of $4.35. The stock’s 50-day moving average is $2.35 and its 200-day moving average is $2.69. The company’s market cap is $151.2 million.
Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings results on Monday, July 28th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.06) by $0.04. The company had revenue of $90.10 million for the quarter, compared to the consensus estimate of $89.33 million. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. Analysts expect that Ceragon Networks will post $-0.33 EPS for the current fiscal year.
Ceragon Networks Ltd (NASDAQ:CRNT) is a provider of wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications, such as Internet browsing, music and video applications.
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