News headlines about Ceragon Networks (NASDAQ:CRNT) have trended positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ceragon Networks earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s rankings:
- Ceragon Networks Ltd. – Ordinar (NASDAQ:CRNT) Experiences Heavy Trading Volume – Modern Readers (modernreaders.com)
- Ceragon Networks Ltd (CRNT) AO Signal Trending Downward – FLBC News (flbcnews.com)
- Stock Performance Check on Shares of Ceragon Networks Ltd. (NASDAQ:CRNT) – Jonesboro Recorder (jonesbororecorder.com)
- Ceragon Networks Ltd (CRNT) Key Technical Levels in Focus – Evergreen Caller (evergreencaller.com)
- Experts Analysis: Ceragon Networks Ltd (CRNT) – ExpertGazette (expertgazette.com)
CRNT has been the topic of a number of research reports. Zacks Investment Research cut shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Ceragon Networks in a research note on Thursday, May 11th. Four equities research analysts have rated the stock with a hold rating, Ceragon Networks currently has a consensus rating of “Hold” and an average price target of $3.25.
Shares of Ceragon Networks (NASDAQ:CRNT) traded down 0.89% during trading on Friday, hitting $2.23. 427,153 shares of the stock were exchanged. The stock’s 50 day moving average price is $2.58 and its 200 day moving average price is $3.16. The firm has a market capitalization of $173.49 million, a price-to-earnings ratio of 14.77 and a beta of 1.13. Ceragon Networks has a 52 week low of $1.89 and a 52 week high of $4.23.
Ceragon Networks (NASDAQ:CRNT) last released its quarterly earnings results on Thursday, May 11th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The company had revenue of $76.02 million for the quarter, compared to the consensus estimate of $74.09 million. Ceragon Networks had a negative net margin of 0.17% and a negative return on equity of 0.44%. Ceragon Networks’s revenue was up 27.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, equities analysts predict that Ceragon Networks will post $0.21 earnings per share for the current year.
Ceragon Networks Company Profile
Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.
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