Ceragon Networks (NASDAQ:CRNT – Get Free Report) released its earnings results on Tuesday. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02), Zacks reports. Ceragon Networks had a return on equity of 19.77% and a net margin of 5.10%. Ceragon Networks updated its FY 2025 guidance to EPS.
Ceragon Networks Price Performance
CRNT opened at $4.80 on Tuesday. The firm has a fifty day moving average price of $4.71 and a 200 day moving average price of $3.49. Ceragon Networks has a 1 year low of $2.33 and a 1 year high of $5.73. The stock has a market cap of $410.02 million, a P/E ratio of 21.82 and a beta of 1.59.
Analysts Set New Price Targets
CRNT has been the topic of several research analyst reports. Roth Mkm began coverage on shares of Ceragon Networks in a research report on Monday, October 28th. They set a “buy” rating and a $4.50 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Ceragon Networks in a report on Thursday, January 16th. Litchfield Hills Research began coverage on shares of Ceragon Networks in a report on Tuesday, December 3rd. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Roth Capital raised shares of Ceragon Networks to a “strong-buy” rating in a report on Monday, October 28th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $6.83.
About Ceragon Networks
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.
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