In last trading session, Ceragon Networks Ltd (NASDAQ:CRNT) saw 0.71 million shares changing hands with its beta currently measuring 1.05. Company’s recent per share price level of $2.18 trading at $0.03 or 1.40% at ring of the bell on the day assigns it a market valuation of $193.67M. That closing price of CRNT’s stock is at a discount of -162.84% from its 52-week high price of $5.73 and is indicating a premium of 10.55% from its 52-week low price of $1.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.78 million shares which gives us an average trading volume of 1.72 million if we extend that period to 3-months.
For Ceragon Networks Ltd (CRNT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.
Ceragon Networks Ltd (NASDAQ:CRNT) trade information
Upright in the green during last session for gaining 1.40%, in the last five days CRNT remained trading in the green while hitting it’s week-highest on Friday, 04/25/25 when the stock touched $2.18 price level, adding 1.8% to its value on the day. Ceragon Networks Ltd’s shares saw a change of -53.32% in year-to-date performance and have moved 6.34% in past 5-day. Ceragon Networks Ltd (NASDAQ:CRNT) showed a performance of -12.45% in past 30-days. Number of shares sold short was 0.54 million shares which calculate 0.45 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 56.4% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -129.36% in reaching the projected high whereas dropping to the targeted low would mean a loss of -129.36% for stock’s current value.
Ceragon Networks Ltd (CRNT) estimates and forecasts
This year revenue growth is estimated to rise 1.25% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 87.01M for the same. And 4 analysts are in estimates of company making revenue of 93.94M in the next quarter. Company posted 88.5M and 96.09M of sales in current and next quarters respectively a year earlier.
Ceragon Networks Ltd (NASDAQ:CRNT)’s Major holders
Insiders are in possession of 14.00% of company’s total shares while institution are holding 20.88 percent of that, with stock having share float percentage of 24.28%. Investors also watch the number of corporate investors in a company very closely, which is 20.88% institutions for Ceragon Networks Ltd that are currently holding shares of the company. FIRST WILSHIRE SECURITIES MANAGEMENT INC is the top institutional holder at CRNT for having 2.99 million shares of worth $7.48 million. And as of 2024-06-30, it was holding 3.4909 of the company’s outstanding shares.
The second largest institutional holder is ACADIAN ASSET MANAGEMENT LLC, which was holding about 1.96 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.2802 of outstanding shares, having a total worth of $4.88 million.
On the other hand, First Eagle Funds-First Eagle Small Cap Opportunity Fund and DFA INVESTMENT TRUST CO-THE CONTINENTAL SMALL COMPANY SERIES are the top two Mutual Funds which own company’s shares. As of Jan 31, 2025 , the former fund manager was holding 405.04 shares of worth $0.88 million or 0.46% of the total outstanding shares. The later fund manager was in possession of 266.24 shares on Jan 31, 2025 , making its stake of worth around $0.58 million in the company or a holder of 0.30% of company’s stock.
