Shares of Ceragon Networks Ltd. (NASDAQ:CRNT) have earned a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $2.50.

CRNT has been the topic of several research analyst reports. ValuEngine upgraded Ceragon Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Jefferies Group reiterated a “hold” rating and issued a $2.50 price objective on shares of Ceragon Networks in a research note on Sunday, October 8th. Finally, Zacks Investment Research downgraded Ceragon Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th.

Ceragon Networks (NASDAQ CRNT) opened at $2.16 on Friday. Ceragon Networks has a 12 month low of $1.64 and a 12 month high of $4.23. The firm has a market capitalization of $168.34, a P/E ratio of 10.80 and a beta of 1.07.

Ceragon Networks (NASDAQ:CRNT) last announced its earnings results on Monday, November 6th. The communications equipment provider reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. Ceragon Networks had a return on equity of 12.60% and a net margin of 5.06%. The firm had revenue of $75.99 million for the quarter, compared to the consensus estimate of $78.22 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. analysts forecast that Ceragon Networks will post 0.18 earnings per share for the current year.

Several large investors have recently bought and sold shares of CRNT. Spark Investment Management LLC purchased a new stake in shares of Ceragon Networks during the second quarter worth $305,000. State of New Jersey Common Pension Fund D lifted its position in shares of Ceragon Networks by 64.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 60,871 shares of the communications equipment provider’s stock worth $155,000 after acquiring an additional 23,880 shares in the last quarter. Zweig DiMenna Associates LLC lifted its position in shares of Ceragon Networks by 46.6% during the second quarter. Zweig DiMenna Associates LLC now owns 534,965 shares of the communications equipment provider’s stock worth $1,364,000 after acquiring an additional 169,965 shares in the last quarter. Renaissance Group LLC lifted its position in shares of Ceragon Networks by 10.9% during the second quarter. Renaissance Group LLC now owns 121,151 shares of the communications equipment provider’s stock worth $309,000 after acquiring an additional 11,940 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new stake in shares of Ceragon Networks during the second quarter worth $506,000. Hedge funds and other institutional investors own 16.11% of the company’s stock.

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Ceragon Networks Company Profile

Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.

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