In the last trading session, 3.49 million shares of the Ceragon Networks Ltd (NASDAQ:CRNT) were traded, and its beta was 1.55. Most recently the company’s share price was $4.80, and it changed around -$0.21 or -4.19% from the last close, which brings the market valuation of the company to $412.18M. CRNT currently trades at a discount to its 52-week high of $5.73, offering almost -19.38% off that amount. The share price’s 52-week low was $2.33, which indicates that the current value has risen by an impressive 51.46% since then. We note from Ceragon Networks Ltd’s average daily trading volume that its 10-day average is 2.01 million shares, with the 3-month average coming to 2.11 million.
Ceragon Networks Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended CRNT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Ceragon Networks Ltd is expected to report earnings per share of 0.09 for the current quarter.
Ceragon Networks Ltd (NASDAQ:CRNT) trade information
Instantly CRNT has showed a red trend with a performance of -4.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.52 on recent trading dayincreased the stock’s daily price by 13.04%. The company’s shares are currently up 2.78% year-to-date, but still up 5.96% over the last five days. On the other hand, Ceragon Networks Ltd (NASDAQ:CRNT) is -4.00% down in the 30-day period. We can see from the shorts that 85925.0 shares have been sold at a short interest cover period of 0.29 day(s).
Ceragon Networks Ltd (CRNT) estimates and forecasts
The year-over-year growth rate is expected to be 13.03%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 105.16M in revenue for the current quarter. 3 analysts expect Ceragon Networks Ltd to make 96.98M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 90.36M and 88.5M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 16.38%. Forecasts for the next quarter put sales growth at 9.59%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.32%. Ceragon Networks Ltd earnings are expected to increase by 83.33% in 2025, but the outlook is positive 35.04% per year for the next five years.
CRNT Dividends
Ceragon Networks Ltd’s next quarterly earnings report is expected to be released in March.
ACADIAN ASSET MANAGEMENT LLC, with 2.2862% or 1.96 million shares worth $4.88 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
