Aegis Equities Analysts Increase Earnings Estimates for CRNT

Ceragon Networks Ltd. (NASDAQ:CRNT) – Stock analysts at Aegis increased their FY2025 EPS estimates for Ceragon Networks in a research report issued to clients and investors on Wednesday, March 5th. Aegis analyst R. Dionisio now expects that the communications equipment provider will earn $0.30 per share for the year, up from their previous forecast of $0.28. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

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

Ceragon Networks Stock Down 5.5 %

Shares of CRNT stock opened at $2.41 on Monday. The firm has a fifty day moving average of $4.13 and a 200-day moving average of $3.52. Ceragon Networks has a 12-month low of $2.33 and a 12-month high of $5.73. The company has a market capitalization of $205.86 million, a price-to-earnings ratio of 8.93 and a beta of 1.62.

Hedge Funds Weigh In On Ceragon Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Walleye Capital LLC grew its holdings in shares of Ceragon Networks by 95.1% during the 3rd quarter. Walleye Capital LLC now owns 283,933 shares of the communications equipment provider’s stock valued at $778,000 after purchasing an additional 138,411 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Ceragon Networks during the 4th quarter valued at approximately $903,000. JPMorgan Chase & Co. bought a new stake in shares of Ceragon Networks during the 3rd quarter valued at approximately $104,000. Perigon Wealth Management LLC bought a new stake in shares of Ceragon Networks during the 4th quarter valued at approximately $90,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in shares of Ceragon Networks during the 4th quarter valued at approximately $182,000. 13.31% of the stock is currently owned by institutional investors and hedge funds.

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.