Research Analysts Offer Predictions for CRNT FY2027 Earnings

Ceragon Networks Ltd. (NASDAQ:CRNT) – Litchfield Hills Research issued their FY2027 earnings per share (EPS) estimates for Ceragon Networks in a note issued to investors on Thursday, February 19th. Litchfield Hills Research analyst T. O’neill forecasts that the communications equipment provider will post earnings of $0.11 per share for the year. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

A number of other research firms also recently weighed in on CRNT. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price target on shares of Ceragon Networks in a research note on Wednesday, November 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Ceragon Networks in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Ceragon Networks from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $4.00.

Ceragon Networks Price Performance

Ceragon Networks stock opened at $2.29 on Monday. The firm has a market cap of $203.65 million, a P/E ratio of -114.50 and a beta of 1.20. Ceragon Networks has a one year low of $1.82 and a one year high of $3.05. The stock’s 50 day moving average is $2.24 and its 200 day moving average is $2.21.

Ceragon Networks (NASDAQ:CRNT) last announced its earnings results on Tuesday, February 17th. The communications equipment provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $82.33 million for the quarter, compared to analyst estimates of $84.23 million. Ceragon Networks had a positive return on equity of 3.52% and a negative net margin of 0.62%.

Institutional Trading of Ceragon Networks

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new position in Ceragon Networks in the second quarter worth $26,000. Jones Financial Companies Lllp increased its position in shares of Ceragon Networks by 283.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 11,500 shares of the communications equipment provider’s stock valued at $27,000 after purchasing an additional 8,500 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Ceragon Networks during the 4th quarter worth $27,000. Bank of Montreal Can purchased a new position in shares of Ceragon Networks in the 2nd quarter worth about $35,000. Finally, Tamar Securities LLC boosted its holdings in shares of Ceragon Networks by 67.3% in the 4th quarter. Tamar Securities LLC now owns 17,016 shares of the communications equipment provider’s stock worth $36,000 after buying an additional 6,848 shares during the last quarter. 13.31% of the stock is owned by hedge funds and other institutional investors.

Ceragon Networks Company Profile

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon’s solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company’s product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.