Ceragon Networks Ltd (NASDAQ:CRNT) has a beta value of 1.61 and has seen 1.17 million shares traded in the recent trading session. The company, currently valued at $420.87M, closed the recent trade at $4.85 per share which meant it gained $0.06 on the day or 1.25% during that session. The CRNT stock price is -3.09% off its 52-week high price of $5.00 and 59.79% above the 52-week low of $1.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.48 million shares traded. The 3-month trading volume is 1.03 million shares.

The consensus among analysts is that Ceragon Networks Ltd (CRNT) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.1.

Ceragon Networks Ltd (NASDAQ:CRNT) trade information

Sporting 1.25% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CRNT stock price touched $4.85 or saw a rise of 2.81%. Year-to-date, Ceragon Networks Ltd shares have moved 124.54%, while the 5-day performance has seen it change 2.75%. Over the past 30 days, the shares of Ceragon Networks Ltd (NASDAQ:CRNT) have changed 71.99%. Short interest in the company has seen 85925.0 shares shorted with days to cover at 0.29.

Ceragon Networks Ltd (CRNT) estimates and forecasts

Figures show that Ceragon Networks Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 97.15% over the past 6 months, with this year growth rate of 75.00%, compared to -4.60% for the industry. Revenue growth from the last financial year stood is estimated to be 13.03%.

3 analysts offering their estimates for the company have set an average revenue estimate of 105.16M for the current quarter. 3 have an estimated revenue figure of 96.98M for the next ending quarter. Year-ago sales stood 90.36M and 88.5M respectively for this quarter and the next, and analysts expect sales will grow by 16.38% for the current quarter and 13.03% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -24.32% over the past 5 years. Earnings growth for 2024 is a modest 86.67% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.

CRNT Dividends

Ceragon Networks Ltd is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Ceragon Networks Ltd (NASDAQ:CRNT)’s Major holders

The top two institutional holders are FIRST WILSHIRE SECURITIES MANAGEMENT INC with over 2.99 million shares worth more than $7.48 million. As of 2024-06-30, FIRST WILSHIRE SECURITIES MANAGEMENT INC held 3.5% of shares outstanding.

The other major institutional holder is ACADIAN ASSET MANAGEMENT LLC, with the holding of over 1.96 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.88 million and represent 2.2862% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are First Eagle Small Opportunity Fund and DFA Continental Small Company Series. As of Jul 31, 2024, the former fund manager holds about 0.54% shares in the company for having 457.51 shares of worth $2.23 million while later fund manager owns 266.24 shares of worth $1.3 million as of Jul 31, 2024, which makes it owner of about 0.31% of company’s outstanding stock.