Ceragon Networks (NASDAQ:CRNT) Rating Reiterated by Needham & Company LLC

Ceragon Networks (NASDAQ:CRNTGet Free Report)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research note issued on Thursday, Benzinga reports. They currently have a $5.25 price target on the communications equipment provider’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 94.44% from the company’s previous close.

Several other equities analysts have also commented on CRNT. StockNews.com raised shares of Ceragon Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 28th. TheStreet raised shares of Ceragon Networks from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th.

View Our Latest Analysis on CRNT

Ceragon Networks Price Performance

Ceragon Networks stock opened at $2.70 on Thursday. Ceragon Networks has a 12-month low of $1.55 and a 12-month high of $2.88. The stock has a market capitalization of $227.75 million, a P/E ratio of 54.01 and a beta of 1.44. The firm’s 50-day moving average is $2.03 and its two-hundred day moving average is $1.97.

Ceragon Networks (NASDAQ:CRNTGet Free Report) last released its quarterly earnings results on Monday, November 6th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter. Ceragon Networks had a net margin of 1.41% and a return on equity of 7.03%. The company had revenue of $87.26 million for the quarter. As a group, analysts forecast that Ceragon Networks will post 0.11 EPS for the current year.

Institutional Investors Weigh In On Ceragon Networks

Several large investors have recently made changes to their positions in CRNT. Susquehanna International Group LLP acquired a new stake in shares of Ceragon Networks in the first quarter worth $25,000. Verition Fund Management LLC acquired a new stake in shares of Ceragon Networks in the fourth quarter worth $25,000. Jane Street Group LLC acquired a new stake in Ceragon Networks during the 1st quarter valued at $25,000. Tower Research Capital LLC TRC grew its holdings in Ceragon Networks by 8,127.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 16,454 shares of the communications equipment provider’s stock valued at $30,000 after purchasing an additional 16,254 shares in the last quarter. Finally, Ten Capital Wealth Advisors LLC acquired a new stake in Ceragon Networks during the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 13.77% of the company’s stock.

Ceragon Networks Company Profile

(Get Free Report)

Ceragon Networks Ltd. provides wireless transport solutions for cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and service provider's network.

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