Ceragon Networks (NASDAQ:CRNT – Get Free Report) last posted its quarterly earnings data on Monday, November 6th. The communications equipment provider reported $0.05 EPS for the quarter. Ceragon Networks had a net margin of 1.41% and a return on equity of 7.03%. The business had revenue of $87.26 million for the quarter. On average, analysts expect Ceragon Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Ceragon Networks Price Performance
NASDAQ CRNT opened at $2.43 on Monday. Ceragon Networks has a 12 month low of $1.55 and a 12 month high of $2.88. The firm has a market capitalization of $204.97 million, a PE ratio of 48.61 and a beta of 1.42. The company’s 50 day simple moving average is $2.21 and its 200 day simple moving average is $1.99.
Institutional Investors Weigh In On Ceragon Networks
Wall Street Analysts Forecast Growth
Several research firms have issued reports on CRNT. StockNews.com upgraded shares of Ceragon Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 19th. TheStreet upgraded shares of Ceragon Networks from a “d+” rating to a “c-” rating in a research report on Tuesday, November 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $5.25 price objective on shares of Ceragon Networks in a research report on Thursday, January 18th.
Ceragon Networks Company Profile
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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