Brokers Issue Forecasts for CRNT FY2027 Earnings

Ceragon Networks Ltd. (NASDAQ:CRNT) – Research analysts at Litchfield Hills Research issued their FY2027 EPS estimates for shares of Ceragon Networks in a report issued on Thursday, February 19th. Litchfield Hills Research analyst T. O’neill expects that the communications equipment provider will post earnings per share of $0.11 for the year. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

Ceragon Networks (NASDAQ:CRNT) last released its quarterly earnings results on Tuesday, February 17th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Ceragon Networks had a positive return on equity of 3.52% and a negative net margin of 0.62%.The firm had revenue of $82.33 million during the quarter, compared to analyst estimates of $84.23 million.

A number of other research analysts have also recently weighed in on CRNT. Needham & Company LLC restated a “buy” rating and issued a $3.00 price target on shares of Ceragon Networks in a research report on Wednesday, November 12th. Zacks Research cut shares of Ceragon Networks from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ceragon Networks in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.00.

Ceragon Networks Stock Performance

Shares of CRNT stock opened at $2.30 on Monday. The stock has a fifty day moving average price of $2.23 and a 200 day moving average price of $2.20. The stock has a market cap of $204.54 million, a PE ratio of -115.00 and a beta of 1.19. Ceragon Networks has a 1 year low of $1.82 and a 1 year high of $3.25.

Institutional Trading of Ceragon Networks

A number of hedge funds have recently bought and sold shares of the company. First Wilshire Securities Management Inc. grew its stake in Ceragon Networks by 23.6% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 4,058,774 shares of the communications equipment provider’s stock worth $9,985,000 after acquiring an additional 775,782 shares during the period. CSM Advisors LLC boosted its holdings in shares of Ceragon Networks by 10.5% during the fourth quarter. CSM Advisors LLC now owns 2,284,048 shares of the communications equipment provider’s stock worth $4,795,000 after purchasing an additional 216,273 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Ceragon Networks by 47.4% in the fourth quarter. Private Advisor Group LLC now owns 1,420,888 shares of the communications equipment provider’s stock valued at $2,984,000 after purchasing an additional 456,710 shares during the period. Essex Investment Management Co. LLC increased its stake in Ceragon Networks by 36.9% in the third quarter. Essex Investment Management Co. LLC now owns 1,418,197 shares of the communications equipment provider’s stock valued at $3,304,000 after purchasing an additional 382,058 shares during the last quarter. Finally, WealthTrust Axiom LLC boosted its stake in Ceragon Networks by 13.2% in the 4th quarter. WealthTrust Axiom LLC now owns 900,299 shares of the communications equipment provider’s stock worth $1,891,000 after buying an additional 104,799 shares during the last quarter. Institutional investors and hedge funds own 13.31% of the company’s stock.

About Ceragon Networks

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon’s solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company’s product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.