Ceragon Networks (CRNT) Set to Announce Earnings on Monday

Ceragon Networks (NASDAQ:CRNT) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 6th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Ceragon Networks (NASDAQ:CRNT) last issued its quarterly earnings results 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 company had revenue of $86.15 million during the quarter. On average, analysts expect Ceragon Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ceragon Networks Stock Up 7.0 %

Shares of CRNT stock opened at $1.83 on Friday. Ceragon Networks has a 52 week low of $1.55 and a 52 week high of $2.38. The stock has a market capitalization of $154.21 million, a PE ratio of 16.70 and a beta of 1.42. The firm has a 50 day moving average of $1.83 and a two-hundred day moving average of $1.92.

Institutional Investors Weigh In On Ceragon Networks

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Ceragon Networks in the fourth quarter valued at $203,000. UBS Group AG lifted its position in Ceragon Networks by 31.3% in the second quarter. UBS Group AG now owns 67,621 shares of the communications equipment provider’s stock valued at $174,000 after acquiring an additional 16,127 shares during the last quarter. Alpha Paradigm Partners LLC lifted its position in Ceragon Networks by 876.4% in the third quarter. Alpha Paradigm Partners LLC now owns 82,997 shares of the communications equipment provider’s stock valued at $152,000 after acquiring an additional 74,497 shares during the last quarter. Jane Street Group LLC lifted its position in Ceragon Networks by 403.8% in the second quarter. Jane Street Group LLC now owns 59,326 shares of the communications equipment provider’s stock valued at $152,000 after acquiring an additional 47,550 shares during the last quarter. Finally, Millennium Management LLC lifted its position in Ceragon Networks by 233.3% in the fourth quarter. Millennium Management LLC now owns 76,943 shares of the communications equipment provider’s stock valued at $147,000 after acquiring an additional 53,856 shares during the last quarter. 13.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CRNT shares. Aegis reaffirmed a “buy” rating on shares of Ceragon Networks in a research report on Tuesday, September 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.25 price objective on shares of Ceragon Networks in a research report on Wednesday, August 2nd. Finally, StockNews.com started coverage on shares of Ceragon Networks in a research report on Thursday, October 5th. They set a “buy” rating for the company.

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.