Roth Capital Predicts Stronger Earnings for Ceragon Networks

Ceragon Networks Ltd. (NASDAQ:CRNT) – Research analysts at Roth Capital upped their FY2024 earnings per share (EPS) estimates for shares of Ceragon Networks in a research note issued on Wednesday, November 13th. Roth Capital analyst S. Searle now forecasts that the communications equipment provider will earn $0.32 per share for the year, up from their prior forecast of $0.31. Roth Capital currently 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 have also issued reports on the stock. Roth Mkm began coverage on shares of Ceragon Networks in a research report on Monday, October 28th. They issued a “buy” rating and a $4.50 price target on the stock. Needham & Company LLC reiterated a “buy” rating and set a $5.25 price target on shares of Ceragon Networks in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy” and a consensus target price of $4.88.

Ceragon Networks Stock Performance

Shares of Ceragon Networks stock opened at $2.71 on Friday. The stock has a market capitalization of $231.48 million, a P/E ratio of 12.32 and a beta of 1.35. Ceragon Networks has a 52-week low of $1.72 and a 52-week high of $3.38. The stock’s 50-day simple moving average is $2.60 and its 200 day simple moving average is $2.66.

Institutional Investors Weigh In On Ceragon Networks

A number of hedge funds have recently made changes to their positions in CRNT. WINTON GROUP Ltd bought a new stake in Ceragon Networks in the second quarter valued at approximately $26,000. Cubist Systematic Strategies LLC purchased a new position in shares of Ceragon Networks in the 2nd quarter valued at approximately $56,000. Sei Investments Co. boosted its holdings in shares of Ceragon Networks by 45.7% during the 2nd quarter. Sei Investments Co. now owns 27,423 shares of the communications equipment provider’s stock valued at $69,000 after buying an additional 8,607 shares in the last quarter. XTX Topco Ltd bought a new stake in Ceragon Networks during the third quarter worth about $152,000. Finally, Lazard Asset Management LLC grew its stake 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 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.