Perigon Wealth Management LLC Invests $90,000 in Ceragon Networks Ltd. (NASDAQ:CRNT)

Perigon Wealth Management LLC bought a new position in Ceragon Networks Ltd. (NASDAQ:CRNT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,700 shares of the communications equipment provider’s stock, valued at approximately $90,000.

Other large investors have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in Ceragon Networks during the second quarter worth about $56,000. Sei Investments Co. raised its position in Ceragon Networks by 45.7% during the second quarter. Sei Investments Co. now owns 27,423 shares of the communications equipment provider’s stock worth $69,000 after acquiring an additional 8,607 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Ceragon Networks during the third quarter worth about $104,000. XTX Topco Ltd acquired a new position in Ceragon Networks during the third quarter worth about $152,000. Finally, Walleye Capital LLC raised its position in Ceragon Networks by 95.1% during the third quarter. Walleye Capital LLC now owns 283,933 shares of the communications equipment provider’s stock worth $778,000 after acquiring an additional 138,411 shares during the last quarter. Hedge funds and other institutional investors own 13.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRNT. Roth Mkm started coverage on shares of Ceragon Networks in a research report on Monday, October 28th. They issued a “buy” rating and a $4.50 price objective for the company. Roth Capital upgraded shares of Ceragon Networks to a “strong-buy” rating in a report on Monday, October 28th. Needham & Company LLC restated a “buy” rating and issued a $6.00 target price on shares of Ceragon Networks in a report on Thursday, January 16th. Finally, Litchfield Hills Research started coverage on shares of Ceragon Networks in a report on Tuesday, December 3rd. They issued a “buy” rating and a $10.00 target price for the company. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.83.

Ceragon Networks Trading Down 1.7 %

CRNT stock opened at $4.53 on Tuesday. Ceragon Networks Ltd. has a one year low of $2.33 and a one year high of $5.73. The firm has a market capitalization of $386.94 million, a PE ratio of 20.59 and a beta of 1.60. The firm has a 50-day moving average of $4.62 and a two-hundred day moving average of $3.40.

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.