Ceragon Networks Ltd (NASDAQ:CRNT) has a beta value of 1.04 and has seen 1.49 million shares traded in the recent trading session. The company, currently valued at $208.86M, closed the recent trade at $2.35 per share which meant it lost -$0.01 on the day or -0.38% during that session. The CRNT stock price is -143.83% off its 52-week high price of $5.73 and 2.55% above the 52-week low of $2.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.96 million shares traded. The 3-month trading volume is 2.06 million shares.
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 -0.38% 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 $2.35 or saw a rise of 6.0%. Year-to-date, Ceragon Networks Ltd shares have moved -49.66%, while the 5-day performance has seen it change -5.58%. Over the past 30 days, the shares of Ceragon Networks Ltd (NASDAQ:CRNT) have changed -11.95%. Short interest in the company has seen 0.56 million shares shorted with days to cover at 0.3.
Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 53.0% from the levels at last check today. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the latest price level in today’s session is -112.77% off the targeted high while a plunge would see the stock gain -112.77% from the levels at last check today.
Ceragon Networks Ltd (CRNT) estimates and forecasts
The company’s shares have lost -14.20% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 1.25%.
4 analysts offering their estimates for the company have set an average revenue estimate of 87.01M for the current quarter. 4 have an estimated revenue figure of 93.94M 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 -1.68% for the current quarter and 1.25% for the next.
CRNT Dividends
Ceragon Networks Ltd is expected to release its next earnings report on 2025-Feb-10 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
Insiders own 18.17% of the company shares, while shares held by institutions stand at 20.93% with a share float percentage of 25.57%. Investors are also buoyed by the number of investors in a company, with Ceragon Networks Ltd having a total of 101.0 institutions that hold shares in the company. 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 Funds-First Eagle Small Cap Opportunity Fund and DFA INVESTMENT TRUST CO-THE CONTINENTAL SMALL COMPANY SERIES. As of Jan 31, 2025, the former fund manager holds about 0.46% shares in the company for having 405.04 shares of worth $0.96 million while later fund manager owns 266.24 shares of worth $0.63 million as of Jan 31, 2025, which makes it owner of about 0.30% of company’s outstanding stock.
