In the latest trading session, 0.39 million Ceragon Networks Ltd (NASDAQ:CRNT) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $4.62 changed hands at -$0.04 or -0.75% at last look, the market valuation stands at $397.15M. CRNT’s current price is a discount, trading about -8.23% off its 52-week high of $5.00. The share price had its 52-week low at $2.06, which suggests the last value was 55.41% 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 1.19 million.
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 red as seen in intraday trades today. With action 1.87%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 114.12%, with the 5-day performance at 1.87% in the green. However, in the 30-day time frame, Ceragon Networks Ltd (NASDAQ:CRNT) is 25.00% 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 93.51% over the past 6 months, a 75.00% in annual growth rate that is considerably higher than the industry average of -7.60%. Year-over-year growth is forecast to reach 13.03% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 105.16M. 3 analysts are of the opinion that Ceragon Networks Ltd’s revenue for the current quarter will be 96.98M. 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 16.38%. The estimates for the next quarter sales put growth at 9.59%.
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 86.67%, but the outlook for the next 5-year period is at 15.00% per year.
Ceragon Networks Ltd (NASDAQ:CRNT)’s Major holders
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.
Among Mutual Funds, the top two as of Jul 31, 2024 were First Eagle Small Opportunity Fund and DFA Continental Small Company Series. With 457.51 shares estimated at $2.13 million under it, the former controlled 0.54% of total outstanding shares. On the other hand, DFA Continental Small Company Series held about 0.31% of the shares, roughly 266.24 shares worth around $1.24 million.
