In the last trading session, 2.64 million Ceragon Networks Ltd (NASDAQ:CRNT) shares changed hands as the company’s beta touched 1.55. With the company’s per share price at $4.54 changed hands at $0.47 or 11.55% during last session, the market valuation stood at $434.87M. CRNT’s last price was a premium, traded about 8.15% off its 52-week high of $4.17. The share price had its 52-week low at $1.80, which suggests the last value was 60.35% up since then. When we look at Ceragon Networks Ltd’s average trading volume, we note the 10-day average is 2.24 million shares, with the 3-month average coming to 685.70K.
Analysts gave the Ceragon Networks Ltd (CRNT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CRNT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Ceragon Networks Ltd’s EPS for the current quarter is expected to be 0.1.
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Ceragon Networks Ltd (NASDAQ:CRNT) trade information
Instantly CRNT was in green as seen at the end of in last trading. With action 40.56%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 110.19%, with the 5-day performance at 40.56% in the green. However, in the 30-day time frame, Ceragon Networks Ltd (NASDAQ:CRNT) is 80.16% up. Looking at the short shares, we see there were 85925.0 shares sold at short interest cover period of 0.29 days.
Ceragon Networks Ltd (CRNT) estimates and forecasts
Data shows that the Ceragon Networks Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 72.62% over the past 6 months, a 60.00% in annual growth rate that is considerably higher than the industry average of -2.80%. Year-over-year growth is forecast to reach 13.38% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 106.36M. 2 analysts are of the opinion that Ceragon Networks Ltd’s revenue for the current quarter will be 94.47M. The company’s revenue for the corresponding quarters a year ago was 90.36M and 88.5M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 17.71%. The estimates for the next quarter sales put growth at 6.75%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -24.32%. The 2024 estimates are for Ceragon Networks Ltd earnings to increase by 77.50%, but the outlook for the next 5-year period is at 15.00% per year.
CRNT Dividends
Ceragon Networks Ltd is expected to release its next quarterly earnings report in January.
ACADIAN ASSET MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 2.2862% or 1.96 million shares worth $4.88 million as of 2024-06-30.
