During the recent session, Ceragon Networks Ltd (NASDAQ:CRNT)’s traded shares were 0.4 million, with the beta value of the company hitting 1.62. At the last check today, the stock’s price was $4.84, reflecting an intraday gain of 2.11% or $0.1. The 52-week high for the CRNT share is $5.00, that puts it down -3.31 from that peak though still a striking 62.19% gain since the share price plummeted to a 52-week low of $1.83. The company’s market capitalization is $415.62M, and the average intraday trading volume over the past 10 days was 2.59 million shares, and the average trade volume was 1.01 million shares over the past three months.
Ceragon Networks Ltd (CRNT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CRNT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.1.
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Ceragon Networks Ltd (NASDAQ:CRNT) trade information
Ceragon Networks Ltd (CRNT) registered a 2.11% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.11% in intraday trading to $4.84, hitting a weekly high. The stock’s 5-day price performance is 12.56%, and it has moved by 73.48% in 30 days. Based on these gigs, the overall price performance for the year is 152.08%. The short interest in Ceragon Networks Ltd (NASDAQ:CRNT) is 85925.0 shares and it means that shorts have 0.29 day(s) to cover.
Ceragon Networks Ltd (CRNT) estimates and forecasts
Statistics show that Ceragon Networks Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Ceragon Networks Ltd (CRNT) shares have gone up 96.75% during the last six months, with a year-to-date growth rate more than the industry average at 75.00% against -4.60. In the rating firms’ projections, revenue will increase 13.03% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 105.16M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 96.98M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 90.36M and 88.5M respectively. In this case, analysts expect current quarter sales to grow by 16.38% and then jump by 9.59% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -24.32%. While earnings are projected to return 86.67% in 2024, the next five years will return 15.00% per annum.
CRNT Dividends
Ceragon Networks Ltd is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ceragon Networks Ltd (NASDAQ:CRNT)’s Major holders
The next largest institutional holding, with 1.96 million shares, is of ACADIAN ASSET MANAGEMENT LLC’s that is approximately 2.2862% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.88 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ceragon Networks Ltd (CRNT) shares are First Eagle Small Opportunity Fund and DFA Continental Small Company Series. Data provided on Jul 31, 2024 indicates that First Eagle Small Opportunity Fund owns about 457.51 shares. This amounts to just over 0.54 percent of the company’s overall shares, with a $2.21 million market value. The same data shows that the other fund manager holds slightly less at 266.24, or about 0.31% of the stock, which is worth about $1.28 million.
