Ceragon Networks (CRNT) Set to Announce Earnings on Tuesday

Ceragon Networks (NASDAQ:CRNTGet Free Report) is scheduled to post its quarterly earnings results on Tuesday, February 6th.

Ceragon Networks (NASDAQ:CRNTGet 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

A number of institutional investors have recently modified their holdings of CRNT. Renaissance Technologies LLC lifted its stake in shares of Ceragon Networks by 20.2% in the 1st quarter. Renaissance Technologies LLC now owns 654,135 shares of the communications equipment provider’s stock valued at $1,393,000 after purchasing an additional 110,093 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Ceragon Networks by 171.1% in the 1st quarter. Invesco Ltd. now owns 214,051 shares of the communications equipment provider’s stock valued at $456,000 after purchasing an additional 135,085 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Ceragon Networks by 772.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 543,037 shares of the communications equipment provider’s stock valued at $1,157,000 after purchasing an additional 480,796 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Ceragon Networks in the 1st quarter valued at $25,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Ceragon Networks by 72.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 164,057 shares of the communications equipment provider’s stock valued at $422,000 after purchasing an additional 69,051 shares during the last quarter. Institutional investors and hedge funds own 13.77% of the company’s stock.

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.

View Our Latest Stock Report on CRNT

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.

Read More

Earnings History for Ceragon Networks (NASDAQ:CRNT)

Receive News & Ratings for Ceragon Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceragon Networks and related companies with MarketBeat.com's FREE daily email newsletter.