Roth Capital Expects Increased Earnings for Ceragon Networks

Ceragon Networks Ltd. (NASDAQ:CRNT) – Research analysts at Roth Capital lifted their FY2024 earnings per share (EPS) estimates for Ceragon Networks in a report released on Wednesday, November 13th. Roth Capital analyst S. Searle now forecasts that the communications equipment provider will earn $0.32 per share for the year, up from their previous estimate of $0.31. Roth Capital has a “Strong-Buy” rating on the stock. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.28 per share. Roth Capital also issued estimates for Ceragon Networks’ Q1 2025 earnings at $0.07 EPS and Q2 2025 earnings at $0.09 EPS.

CRNT has been the subject of a number of other reports. Needham & Company LLC reaffirmed 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 started coverage on Ceragon Networks in a research report on Monday, October 28th. They set a “buy” rating and a $4.50 price target 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Strong Buy” and an average target price of $4.88.

Ceragon Networks Trading Down 3.9 %

Shares of CRNT opened at $2.71 on Friday. The company’s fifty day simple moving average is $2.60 and its 200 day simple moving average is $2.66. Ceragon Networks has a 1-year low of $1.72 and a 1-year high of $3.38. The company has a market cap of $231.48 million, a price-to-earnings ratio of 12.32 and a beta of 1.35.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its holdings 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 period. Lazard Asset Management LLC boosted its position in shares of Ceragon Networks by 9,906.9% during the first quarter. Lazard Asset Management LLC now owns 94,765 shares of the communications equipment provider’s stock valued at $303,000 after buying an additional 93,818 shares during the last quarter. Perritt Capital Management Inc. grew its stake in shares of Ceragon Networks by 6.7% in the 1st quarter. Perritt Capital Management Inc. now owns 217,600 shares of the communications equipment provider’s stock worth $696,000 after acquiring an additional 13,600 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in Ceragon Networks in the 1st quarter worth about $316,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of Ceragon Networks during the second quarter valued at approximately $26,000. Institutional investors and hedge funds own 13.31% of the company’s stock.

Ceragon Networks Company Profile

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.