Research Analysts Set Expectations for CRNT FY2025 Earnings

Ceragon Networks Ltd. (NASDAQ:CRNT) – Aegis raised their FY2025 EPS estimates for shares of Ceragon Networks in a note issued to investors on Wednesday, March 5th. Aegis analyst R. Dionisio now forecasts that the communications equipment provider will post earnings per share of $0.30 for the year, up from their previous forecast of $0.28. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

A number of other research analysts also recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of Ceragon Networks in a research report on Wednesday, February 12th. StockNews.com lowered shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Litchfield Hills Research started coverage on shares of Ceragon Networks in a research note on Tuesday, December 3rd. They issued a “buy” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $6.83.

Ceragon Networks Stock Performance

Shares of NASDAQ CRNT opened at $2.43 on Monday. The company has a market capitalization of $207.57 million, a P/E ratio of 9.00 and a beta of 1.62. Ceragon Networks has a 52-week low of $2.33 and a 52-week high of $5.73. The company’s 50 day moving average price is $4.09 and its 200-day moving average price is $3.52.

Institutional Trading of Ceragon Networks

Several hedge funds have recently modified their holdings of CRNT. Renaissance Technologies LLC increased its stake in Ceragon Networks by 47.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,333,295 shares of the communications equipment provider’s stock valued at $6,226,000 after purchasing an additional 426,760 shares in the last quarter. Millennium Management LLC increased its stake in Ceragon Networks by 123.9% during the 4th quarter. Millennium Management LLC now owns 962,898 shares of the communications equipment provider’s stock valued at $4,497,000 after purchasing an additional 532,798 shares in the last quarter. Marshall Wace LLP increased its stake in Ceragon Networks by 598.1% during the 4th quarter. Marshall Wace LLP now owns 703,091 shares of the communications equipment provider’s stock valued at $3,283,000 after purchasing an additional 602,383 shares in the last quarter. Lazard Asset Management LLC increased its stake in Ceragon Networks by 26.7% during the 4th quarter. Lazard Asset Management LLC now owns 570,288 shares of the communications equipment provider’s stock valued at $2,663,000 after purchasing an additional 120,106 shares in the last quarter. Finally, Navellier & Associates Inc. bought a new stake in Ceragon Networks during the 4th quarter valued at $1,804,000. Institutional investors own 13.31% of the company’s stock.

Ceragon Networks Company Profile

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.