Aegis restated their buy rating on shares of Ceragon Networks (NASDAQ:CRNT – Free Report) in a research report released on Tuesday morning, PriceTargets.com reports. Aegis also issued estimates for Ceragon Networks’ FY2024 earnings at $0.19 EPS.
A number of other equities research analysts have also issued reports on the stock. Needham & Company LLC reiterated a buy rating and set a $5.25 target price on shares of Ceragon Networks in a report on Wednesday, August 2nd. StockNews.com started coverage on shares of Ceragon Networks in a report on Thursday, August 17th. They set a buy rating on the stock.
Ceragon Networks Stock Performance
Ceragon Networks (NASDAQ:CRNT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The communications equipment provider reported $0.04 EPS for the quarter. Ceragon Networks had a net margin of 0.14% and a return on equity of 6.23%. The firm had revenue of $86.15 million for the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Arete Wealth Advisors LLC purchased a new position in Ceragon Networks during the 1st quarter worth $142,154,000,000. ETF Managers Group LLC acquired a new stake in shares of Ceragon Networks in the 1st quarter worth $327,000. First Wilshire Securities Management Inc. lifted its stake in shares of Ceragon Networks by 32.8% in the 4th quarter. First Wilshire Securities Management Inc. now owns 2,412,135 shares of the communications equipment provider’s stock worth $4,607,000 after acquiring an additional 595,380 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Ceragon Networks by 995.8% in the 4th quarter. GSA Capital Partners LLP now owns 178,535 shares of the communications equipment provider’s stock worth $341,000 after acquiring an additional 162,243 shares during the period. Finally, Smith Moore & CO. acquired a new stake in shares of Ceragon Networks in the 1st quarter worth $60,000. 13.77% of the stock is owned by hedge funds and other institutional investors.
Ceragon Networks Company Profile
Ceragon Networks Ltd. provides wireless transport solutions for cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and service provider's network.
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