FY2025 EPS Estimates for Ceragon Networks Cut by Aegis

Ceragon Networks Ltd. (NASDAQ:CRNT) – Equities researchers at Aegis reduced their FY2025 earnings estimates for shares of Ceragon Networks in a research report issued on Tuesday, June 24th. Aegis analyst R. Dionisio now forecasts that the communications equipment provider will post earnings of $0.26 per share for the year, down from their previous estimate of $0.30. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

Other research analysts have also issued research reports about the stock. Needham & Company LLC cut their target price on shares of Ceragon Networks from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Craig Hallum initiated coverage on shares of Ceragon Networks in a research report on Thursday, March 13th. They set a “buy” rating and a $5.00 target price for the company. Finally, Wall Street Zen lowered shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ceragon Networks currently has an average rating of “Buy” and an average price target of $6.00.

Ceragon Networks Trading Down 1.2%

CRNT stock opened at $2.45 on Friday. The firm has a market cap of $217.88 million, a PE ratio of 9.42 and a beta of 1.04. Ceragon Networks has a 1 year low of $1.95 and a 1 year high of $5.73. The company has a fifty day simple moving average of $2.31 and a 200 day simple moving average of $3.15.

Ceragon Networks (NASDAQ:CRNT) last released its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Ceragon Networks had a net margin of 5.75% and a return on equity of 19.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CRNT. NewEdge Advisors LLC raised its position in shares of Ceragon Networks by 132.2% during the first quarter. NewEdge Advisors LLC now owns 106,255 shares of the communications equipment provider’s stock valued at $250,000 after buying an additional 60,498 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Ceragon Networks during the first quarter valued at about $983,000. State of Wyoming acquired a new position in shares of Ceragon Networks during the first quarter valued at about $58,000. Worth Venture Partners LLC acquired a new position in shares of Ceragon Networks during the first quarter valued at about $47,000. Finally, Walleye Capital LLC raised its position in shares of Ceragon Networks by 22.7% during the first quarter. Walleye Capital LLC now owns 346,117 shares of the communications equipment provider’s stock valued at $813,000 after buying an additional 64,087 shares during the last quarter. Institutional investors and hedge funds own 13.31% of the company’s stock.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.