FY2025 EPS Estimates for Ceragon Networks Boosted by Aegis

Ceragon Networks Ltd. (NASDAQ:CRNT) – Research analysts at Aegis boosted their FY2025 earnings per share (EPS) estimates for shares of Ceragon Networks in a report released on Wednesday, March 5th. Aegis analyst R. Dionisio now forecasts that the communications equipment provider will earn $0.30 per share for the year, up from their previous estimate of $0.28. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

Several other research firms have also recently weighed in on CRNT. Litchfield Hills Research began coverage on Ceragon Networks in a report on Tuesday, December 3rd. They issued a “buy” rating and a $10.00 price objective for the company. Needham & Company LLC restated a “buy” rating and issued a $6.00 target price on shares of Ceragon Networks in a research note on Wednesday, February 12th. Finally, StockNews.com cut Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ceragon Networks currently has an average rating of “Buy” and a consensus target price of $6.83.

Ceragon Networks Stock Performance

NASDAQ CRNT opened at $2.55 on Monday. Ceragon Networks has a fifty-two week low of $2.33 and a fifty-two week high of $5.73. The stock has a 50 day simple moving average of $4.13 and a two-hundred day simple moving average of $3.52. The stock has a market cap of $217.82 million, a P/E ratio of 9.44 and a beta of 1.62.

Hedge Funds Weigh In On Ceragon Networks

Several institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC increased its position in shares of Ceragon Networks by 47.1% during the fourth quarter. Renaissance Technologies LLC now owns 1,333,295 shares of the communications equipment provider’s stock valued at $6,226,000 after acquiring an additional 426,760 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Ceragon Networks by 123.9% during the 4th quarter. Millennium Management LLC now owns 962,898 shares of the communications equipment provider’s stock valued at $4,497,000 after acquiring an additional 532,798 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Ceragon Networks by 598.1% during the fourth quarter. Marshall Wace LLP now owns 703,091 shares of the communications equipment provider’s stock valued at $3,283,000 after purchasing an additional 602,383 shares during the last quarter. Lazard Asset Management LLC lifted its position in Ceragon Networks by 26.7% during the fourth quarter. Lazard Asset Management LLC now owns 570,288 shares of the communications equipment provider’s stock valued at $2,663,000 after purchasing an additional 120,106 shares during the period. Finally, Navellier & Associates Inc. purchased a new stake in Ceragon Networks in the fourth quarter worth approximately $1,804,000. 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.