Q3 Earnings Estimate for CRNT Issued By Roth Capital

Ceragon Networks Ltd. (NASDAQ:CRNT) – Stock analysts at Roth Capital issued their Q3 2024 earnings per share estimates for Ceragon Networks in a research report issued to clients and investors on Monday, October 28th. Roth Capital analyst S. Searle anticipates that the communications equipment provider will post earnings per share of $0.09 for the quarter. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.24 per share. Roth Capital also issued estimates for Ceragon Networks’ Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.40 EPS and FY2026 earnings at $0.50 EPS.

Ceragon Networks (NASDAQ:CRNT) last announced its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $96.09 million during the quarter. Ceragon Networks had a net margin of 2.87% and a return on equity of 13.94%.

A number of other research analysts have also weighed in on CRNT. Roth Mkm started coverage on Ceragon Networks in a research report on Monday. They set a “buy” rating and a $4.50 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $5.25 price target on shares of Ceragon Networks in a research note on Thursday, August 8th. Two research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus target price of $4.88.

Ceragon Networks Stock Performance

Shares of NASDAQ CRNT opened at $2.48 on Wednesday. The company has a market cap of $211.84 million, a P/E ratio of 20.67 and a beta of 1.34. Ceragon Networks has a 52-week low of $1.62 and a 52-week high of $3.38. The firm’s fifty day moving average is $2.70 and its two-hundred day moving average is $2.68.

Hedge Funds Weigh In On Ceragon Networks

Institutional investors and hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Ceragon Networks during the 2nd quarter valued at 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 valued at $69,000 after purchasing an additional 8,607 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Ceragon Networks by 35.4% in the 2nd quarter. Renaissance Technologies LLC now owns 643,816 shares of the communications equipment provider’s stock valued at $1,610,000 after purchasing an additional 168,416 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Ceragon Networks in the 2nd quarter worth approximately $26,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Ceragon Networks by 25.7% in the 2nd quarter. Acadian Asset Management LLC now owns 1,955,161 shares of the communications equipment provider’s stock worth $4,878,000 after purchasing an additional 400,161 shares during the period. 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.