Ceragon Networks (NASDAQ:CRNT)‘s stock had its “hold” rating reiterated by Oppenheimer in a note issued to investors on Monday.
Several other research firms have also recently commented on CRNT. Zacks Investment Research upgraded Ceragon Networks from a “sell” rating to a “hold” rating in a report on Monday, January 8th. ValuEngine upgraded Ceragon Networks from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $2.50.
Shares of Ceragon Networks (CRNT) traded down $0.08 during trading on Monday, reaching $2.09. 468,600 shares of the company’s stock traded hands, compared to its average volume of 411,095. The stock has a market capitalization of $183.93, a price-to-earnings ratio of 9.95 and a beta of 1.00. Ceragon Networks has a one year low of $1.64 and a one year high of $4.23.
Institutional investors and hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC lifted its stake in shares of Ceragon Networks by 23.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 59,132 shares of the communications equipment provider’s stock valued at $151,000 after purchasing an additional 11,410 shares in the last quarter. State Street Corp lifted its position in Ceragon Networks by 1.6% during the 2nd quarter. State Street Corp now owns 76,592 shares of the communications equipment provider’s stock worth $195,000 after acquiring an additional 1,205 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Ceragon Networks during the 3rd quarter worth approximately $743,000. Systematic Financial Management LP lifted its position in Ceragon Networks by 9.5% during the 3rd quarter. Systematic Financial Management LP now owns 489,620 shares of the communications equipment provider’s stock worth $1,018,000 after acquiring an additional 42,275 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Ceragon Networks by 6.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 406,991 shares of the communications equipment provider’s stock worth $1,038,000 after acquiring an additional 23,616 shares in the last quarter. Institutional investors own 14.15% of the company’s stock.
About Ceragon Networks
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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