Equities Analysts Issue Forecasts for CRNT FY2024 Earnings

Ceragon Networks Ltd. (NASDAQ:CRNT) – Research analysts at Roth Capital increased their FY2024 earnings per share (EPS) estimates for Ceragon Networks in a research report issued on Wednesday, November 13th. Roth Capital analyst S. Searle now expects that the communications equipment provider will post earnings per share of $0.32 for the year, up from their prior forecast 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.

Several other analysts also recently weighed in on CRNT. Needham & Company LLC reaffirmed a “buy” rating and set a $5.25 price target on shares of Ceragon Networks in a research note on Thursday, August 8th. Roth Mkm started coverage on Ceragon Networks in a report on Monday, October 28th. They issued a “buy” rating and a $4.50 target price for the company. Two research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of $4.88.

Ceragon Networks Price Performance

CRNT stock opened at $2.82 on Friday. The company has a market capitalization of $240.88 million, a PE ratio of 12.82 and a beta of 1.35. Ceragon Networks has a 12 month low of $1.72 and a 12 month high of $3.38. The firm’s 50-day moving average is $2.60 and its 200 day moving average is $2.67.

Hedge Funds Weigh In On Ceragon Networks

Several institutional investors have recently bought and sold shares of CRNT. Sei Investments Co. raised its position in shares of Ceragon Networks by 45.7% in the 2nd 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 in the last quarter. WINTON GROUP Ltd bought a new position in Ceragon Networks in the second quarter worth about $26,000. Perritt Capital Management Inc. lifted its position in shares of Ceragon Networks by 6.7% during the first quarter. Perritt Capital Management Inc. now owns 217,600 shares of the communications equipment provider’s stock valued at $696,000 after buying an additional 13,600 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Ceragon Networks in the 2nd quarter valued at about $56,000. Finally, Lazard Asset Management LLC grew its position in shares of Ceragon Networks by 9,906.9% in 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 last quarter. 13.31% of the stock is owned by hedge funds and other 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.