150,000 Shares in Ceragon Networks Ltd. (NASDAQ:CRNT) Acquired by Aristides Capital LLC

Aristides Capital LLC bought a new stake in shares of Ceragon Networks Ltd. (NASDAQ:CRNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the communications equipment provider’s stock, valued at approximately $700,000. Aristides Capital LLC owned about 0.18% of Ceragon Networks as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CRNT. Russell Investments Group Ltd. purchased a new stake in shares of Ceragon Networks during the 4th quarter valued at $526,000. Wells Fargo & Company MN raised its stake in Ceragon Networks by 1,419.4% in the fourth quarter. Wells Fargo & Company MN now owns 23,550 shares of the communications equipment provider’s stock valued at $110,000 after buying an additional 22,000 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ceragon Networks by 481.7% in the fourth quarter. JPMorgan Chase & Co. now owns 221,539 shares of the communications equipment provider’s stock worth $1,035,000 after acquiring an additional 183,452 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Ceragon Networks during the fourth quarter worth about $547,000. Finally, Prudential Financial Inc. increased its holdings in shares of Ceragon Networks by 53.6% during the fourth quarter. Prudential Financial Inc. now owns 60,200 shares of the communications equipment provider’s stock valued at $281,000 after acquiring an additional 21,000 shares in the last quarter. 13.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CRNT. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 target price on shares of Ceragon Networks in a research note on Wednesday, February 12th. Craig Hallum began coverage on shares of Ceragon Networks in a report on Thursday, March 13th. They set a “buy” rating and a $5.00 price objective on the stock. Finally, StockNews.com lowered Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $6.38.

Ceragon Networks Price Performance

NASDAQ CRNT opened at $2.10 on Friday. Ceragon Networks Ltd. has a 1 year low of $2.02 and a 1 year high of $5.73. The company has a market capitalization of $186.56 million, a PE ratio of 7.78 and a beta of 1.60. The company has a fifty day moving average of $3.20 and a 200 day moving average of $3.46.

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.