Ceragon Networks Ltd (NASDAQ:CRNT) has a beta value of 1.56 and has seen 0.65 million shares traded in the recent trading session. The company, currently valued at $283.80M, closed the recent trade at $3.31 per share which meant it lost -$0.11 on the day or -3.36% during that session. The CRNT stock price is -73.11% off its 52-week high price of $5.73 and 29.61% above the 52-week low of $2.33.
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 0.03.
Ceragon Networks Ltd (NASDAQ:CRNT) trade information
Sporting -3.36% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CRNT stock price touched $3.31 or saw a rise of 13.8%. Year-to-date, Ceragon Networks Ltd shares have moved -29.23%, while the 5-day performance has seen it change -12.33%. Over the past 30 days, the shares of Ceragon Networks Ltd (NASDAQ:CRNT) have changed -26.39%.
Ceragon Networks Ltd (CRNT) estimates and forecasts
The company’s shares have gained 14.76% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1.33%.
3 analysts offering their estimates for the company have set an average revenue estimate of 87.14M for the current quarter. 3 have an estimated revenue figure of 94.08M for the next ending quarter. Year-ago sales stood 88.5M and 96.09M respectively for this quarter and the next, and analysts expect sales will shrink by -1.53% for the current quarter and 1.33% for the next.
CRNT Dividends
Ceragon Networks Ltd is expected to release its next earnings report in March 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 3.4909% 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 2.2802% 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 Oct 31, 2024, the former fund manager holds about 0.50% shares in the company for having 428.92 shares of worth $1.41 million while later fund manager owns 266.24 shares of worth $0.88 million as of Oct 31, 2024, which makes it owner of about 0.31% of company’s outstanding stock.