In last trading session, Ceragon Networks Ltd (NASDAQ:CRNT) saw 1.8 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $4.31 trading at -$0.23 or -5.07% at ring of the bell on the day assigns it a market valuation of $370.10M. That closing price of CRNT’s stock is at a discount of -16.01% from its 52-week high price of $5.00 and is indicating a premium of 54.52% from its 52-week low price of $1.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.45 million shares which gives us an average trading volume of 1.10 million if we extend that period to 3-months.
For Ceragon Networks Ltd (CRNT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.1 in the current quarter.
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Ceragon Networks Ltd (NASDAQ:CRNT) trade information
Upright in the red during last session for losing -5.07%, in the last five days CRNT remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $4.31 price level, adding 13.45% to its value on the day. Ceragon Networks Ltd’s shares saw a change of 99.54% in year-to-date performance and have moved -12.22% in past 5-day. Ceragon Networks Ltd (NASDAQ:CRNT) showed a performance of 38.14% in past 30-days. Number of shares sold short was 85925.0 shares which calculate 0.29 days to cover the short interests.
Ceragon Networks Ltd (CRNT) estimates and forecasts
Statistics highlight that Ceragon Networks Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 78.84% of value to its shares in past 6 months, showing an annual growth rate of 75.00% while that of industry is -8.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.03% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 105.16M for the same. And 3 analysts are in estimates of company making revenue of 96.98M in the next quarter. Company posted 90.36M and 88.5M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.32% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 86.67% while estimates for its earnings growth in next 5 years are of 15.00%.
Ceragon Networks Ltd (NASDAQ:CRNT)’s Major holders
FIRST WILSHIRE SECURITIES MANAGEMENT INC is the top institutional holder at CRNT for having 2.99 million shares of worth $7.48 million. And as of 2024-06-30, it was holding 3.5 of the company’s outstanding shares.
The second largest institutional holder is ACADIAN ASSET MANAGEMENT LLC, which was holding about 1.96 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.2862 of outstanding shares, having a total worth of $4.88 million.
