Ceragon Networks Ltd (NASDAQ:CRNT)’s traded shares stood at 0.62 million during the latest session, with the company’s beta value hitting 1.62. At the last check today, the stock’s price was $4.89, to imply an increase of 3.82% or $0.18 in intraday trading. The CRNT share’s 52-week high remains $5.00, putting it -2.25% down since that peak but still an impressive 57.87% since price per share fell to its 52-week low of $2.06. The company has a valuation of $419.91M, with an average of 2.05 million shares in intraday trading volume over the past 10 days and average of 1.20 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ceragon Networks Ltd (CRNT), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CRNT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy.
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Ceragon Networks Ltd (NASDAQ:CRNT) trade information
After registering a 3.82% upside in the latest session, Ceragon Networks Ltd (CRNT) has traded red over the past five days. The 5-day price performance for the stock is 13.46%, and 20.44% over 30 days. With these gigs, the year-to-date price performance is 126.39%. Short interest in Ceragon Networks Ltd (NASDAQ:CRNT) saw shorts transact 85925.0 shares and set a 0.29 days time to cover.
Ceragon Networks Ltd (CRNT) estimates and forecasts
Looking at statistics comparing Ceragon Networks Ltd share performance against respective industry, we note that the company has outperformed competitors. Ceragon Networks Ltd (CRNT) shares are 102.07% up over the last 6 months, with its year-to-date growth rate higher than industry average at 75.00% against -9.50%.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -24.32% for the past 5-year period. While 2024 is set for a 86.67% return in earnings, projections for the next 5 years are at 15.00% annually.
CRNT Dividends
Ceragon Networks Ltd has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ceragon Networks Ltd (NASDAQ:CRNT)’s Major holders
The next major institution holding the largest number of shares is ACADIAN ASSET MANAGEMENT LLC with 1.96 million shares, or about 2.2862% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $4.88 million.
