In today’s recent session, 0.49 million shares of the Ceragon Networks Ltd (NASDAQ:CRNT) have been traded, and its beta is 1.06. Most recently the company’s share price was $2.20, and it changed around -$0.06 or -2.43% from the last close, which brings the market valuation of the company to $195.89M. CRNT at last check was trading at a discount to its 52-week high of $5.73, offering almost -160.45% off that amount. The share price’s 52-week low was $1.95, which indicates that the recent value has risen by an impressive 11.36% since then.
Ceragon Networks Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended CRNT as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Ceragon Networks Ltd is expected to report earnings per share of 0.03 for the current quarter.
Ceragon Networks Ltd (NASDAQ:CRNT) trade information
Instantly CRNT has been showing red trend so far today with a performance of -2.43% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.43 on recent trading dayincreased the stock’s daily price by 9.47%. The company’s shares are currently down -52.78% year-to-date, but still up 1.15% over the last five days. On the other hand, Ceragon Networks Ltd (NASDAQ:CRNT) is 3.04% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 56.0% from its current value. Analyst projections state that CRNT is forecast to be at a low of $5 and a high of $5.
Ceragon Networks Ltd (CRNT) estimates and forecasts
The year-over-year growth rate is expected to be 1.25%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 87.01M in revenue for the current quarter. 4 analysts expect Ceragon Networks Ltd to make 93.94M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 88.5M and 96.09M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.68%. Forecasts for the next quarter put sales growth at -2.23%.
CRNT Dividends
Ceragon Networks Ltd’s next quarterly earnings report is expected to be released in June.
ACADIAN ASSET MANAGEMENT LLC, with 2.2802% or 1.96 million shares worth $4.88 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
First Eagle Funds-First Eagle Small Cap Opportunity Fund and DFA INVESTMENT TRUST CO-THE CONTINENTAL SMALL COMPANY SERIES were the top two Mutual Funds as of Jan 31, 2025 . The former held 405.04 shares worth $0.89 million, making up 0.46% of all outstanding shares. On the other hand, DFA INVESTMENT TRUST CO-THE CONTINENTAL SMALL COMPANY SERIES held roughly 266.24 shares worth around $0.58 million, which represents about 0.30% of the total shares outstanding.
