Research Analysts Set Expectations for CRNT FY2027 Earnings

Ceragon Networks Ltd. (NASDAQ:CRNT) – Litchfield Hills Research issued their FY2027 earnings estimates for shares of Ceragon Networks in a research report issued to clients and investors on Thursday, February 19th. Litchfield Hills Research analyst T. O’neill expects that the communications equipment provider will post earnings of $0.11 per share for the year. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

A number of other analysts have also recently weighed in on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Ceragon Networks in a research note on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and set a $3.00 target price on shares of Ceragon Networks in a research report on Wednesday, November 12th. Finally, Zacks Research downgraded Ceragon Networks from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Ceragon Networks Price Performance

CRNT opened at $2.30 on Monday. Ceragon Networks has a 12 month low of $1.82 and a 12 month high of $3.25. The stock has a market capitalization of $204.54 million, a price-to-earnings ratio of -115.00 and a beta of 1.19. The business has a fifty day moving average price of $2.23 and a 200 day moving average price of $2.20.

Ceragon Networks (NASDAQ:CRNT) last announced its earnings results on Tuesday, February 17th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Ceragon Networks had a positive return on equity of 3.52% and a negative net margin of 0.62%.The company had revenue of $82.33 million for the quarter, compared to analysts’ expectations of $84.23 million.

Institutional Investors Weigh In On Ceragon Networks

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in shares of Ceragon Networks by 49.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,817 shares of the communications equipment provider’s stock worth $37,000 after buying an additional 5,211 shares in the last quarter. HRT Financial LP raised its position in Ceragon Networks by 44.3% in the fourth quarter. HRT Financial LP now owns 19,660 shares of the communications equipment provider’s stock worth $41,000 after acquiring an additional 6,039 shares in the last quarter. Aristides Capital LLC boosted its position in shares of Ceragon Networks by 4.5% during the 4th quarter. Aristides Capital LLC now owns 141,130 shares of the communications equipment provider’s stock worth $296,000 after purchasing an additional 6,130 shares in the last quarter. Tamar Securities LLC grew its stake in shares of Ceragon Networks by 67.3% during the 4th quarter. Tamar Securities LLC now owns 17,016 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 6,848 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in shares of Ceragon Networks by 283.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 11,500 shares of the communications equipment provider’s stock worth $27,000 after purchasing an additional 8,500 shares during the period. Hedge funds and other institutional investors own 13.31% of the company’s stock.

Ceragon Networks Company Profile

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon’s solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company’s product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.