Ceragon Networks (CRNT) Receives Media Impact Rating of 0.31

News articles about Ceragon Networks (NASDAQ:CRNT) have trended positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ceragon Networks earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s analysis:

CRNT has been the subject of several recent research reports. TheStreet downgraded Ceragon Networks from a “b-” rating to a “c+” rating in a report on Tuesday, March 14th. Zacks Investment Research downgraded Ceragon Networks from a “buy” rating to a “hold” rating in a report on Tuesday, April 18th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Ceragon Networks in a report on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating, Ceragon Networks has a consensus rating of “Hold” and an average price target of $3.25.

Ceragon Networks (NASDAQ CRNT) opened at 2.54 on Wednesday. The stock has a market cap of $197.60 million, a PE ratio of 16.82 and a beta of 1.15. The firm has a 50-day moving average price of $2.81 and a 200 day moving average price of $3.20. Ceragon Networks has a 52-week low of $1.70 and a 52-week high of $4.23.

Ceragon Networks (NASDAQ:CRNT) last announced its quarterly earnings results on Thursday, May 11th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.01. Ceragon Networks had a return on equity of 10.27% and a net margin of 3.79%. The company had revenue of $76.02 million during the quarter, compared to analyst estimates of $74.09 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 27.1% on a year-over-year basis. Equities analysts anticipate that Ceragon Networks will post $0.21 earnings per share for the current year.

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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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