What is Roth Capital’s Forecast for CRNT Q3 Earnings?

Ceragon Networks Ltd. (NASDAQ:CRNT) – Equities researchers at Roth Capital issued their Q3 2024 earnings per share (EPS) estimates for shares of Ceragon Networks in a research report issued to clients and investors on Monday, October 28th. Roth Capital analyst S. Searle forecasts that the communications equipment provider will post earnings of $0.09 per share for the quarter. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.24 per share. Roth Capital also issued estimates for Ceragon Networks’ Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.40 EPS and FY2026 earnings at $0.50 EPS.

Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share for the quarter. The business had revenue of $96.09 million during the quarter. Ceragon Networks had a net margin of 2.87% and a return on equity of 13.94%.

Several other brokerages also recently commented on CRNT. Needham & Company LLC restated a “buy” rating and set a $5.25 price objective on shares of Ceragon Networks in a research report on Thursday, August 8th. Roth Mkm assumed coverage on Ceragon Networks in a research note on Monday. They issued a “buy” rating and a $4.50 price objective on the stock. Two equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of $4.88.

Ceragon Networks Trading Down 1.6 %

Shares of Ceragon Networks stock opened at $2.52 on Wednesday. The company has a market cap of $215.25 million, a PE ratio of 21.00 and a beta of 1.34. The company has a 50 day moving average of $2.70 and a 200-day moving average of $2.68. Ceragon Networks has a 1-year low of $1.62 and a 1-year high of $3.38.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its position in Ceragon Networks by 126.4% in the first quarter. Acadian Asset Management LLC now owns 1,555,000 shares of the communications equipment provider’s stock valued at $4,966,000 after purchasing an additional 868,138 shares during the last quarter. Inspire Investing LLC bought a new position in Ceragon Networks in the 1st quarter valued at approximately $884,000. Lazard Asset Management LLC boosted its position in Ceragon Networks by 9,906.9% during the 1st quarter. Lazard Asset Management LLC now owns 94,765 shares of the communications equipment provider’s stock worth $303,000 after buying an additional 93,818 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Ceragon Networks during the 2nd quarter worth approximately $56,000. Finally, WINTON GROUP Ltd acquired a new position in Ceragon Networks in the 2nd quarter valued at approximately $26,000. 13.31% of the stock is currently owned by institutional investors.

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.