Aegis Research Analysts Lower Earnings Estimates for CRNT

Ceragon Networks Ltd. (NASDAQ:CRNT) – Investment analysts at Aegis reduced their FY2025 earnings per share (EPS) estimates for shares of Ceragon Networks in a report released on Monday, November 17th. Aegis analyst R. Dionisio now forecasts that the communications equipment provider will post earnings of ($0.01) per share for the year, down from their prior forecast of $0.01. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share. Aegis also issued estimates for Ceragon Networks’ FY2026 earnings at $0.20 EPS.

Ceragon Networks (NASDAQ:CRNT) last announced its quarterly earnings results on Tuesday, November 11th. The communications equipment provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $85.48 million for the quarter, compared to analysts’ expectations of $83.48 million. Ceragon Networks had a net margin of 3.57% and a return on equity of 13.71%. Ceragon Networks has set its FY 2025 guidance at EPS.

Several other equities research analysts have also recently weighed in on CRNT. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Ceragon Networks in a research report on Wednesday, November 12th. Zacks Research raised shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ceragon Networks in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ceragon Networks presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

Ceragon Networks Price Performance

Shares of Ceragon Networks stock opened at $2.04 on Wednesday. The stock has a market cap of $181.42 million, a price-to-earnings ratio of 12.75 and a beta of 1.13. The firm’s 50-day moving average is $2.36 and its two-hundred day moving average is $2.29. Ceragon Networks has a 1 year low of $1.82 and a 1 year high of $5.73.

Institutional Investors Weigh In On Ceragon Networks

Several institutional investors have recently bought and sold shares of the company. CSM Advisors LLC purchased a new stake in Ceragon Networks in the third quarter valued at about $4,819,000. Private Advisor Group LLC purchased a new stake in shares of Ceragon Networks during the third quarter worth about $2,247,000. KLCM Advisors Inc. purchased a new position in shares of Ceragon Networks in the 1st quarter valued at approximately $1,871,000. First Wilshire Securities Management Inc. raised its position in shares of Ceragon Networks by 23.6% in the 2nd quarter. First Wilshire Securities Management Inc. now owns 4,058,774 shares of the communications equipment provider’s stock valued at $9,985,000 after purchasing an additional 775,782 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in Ceragon Networks by 642.7% in the 2nd quarter. Squarepoint Ops LLC now owns 552,939 shares of the communications equipment provider’s stock worth $1,360,000 after purchasing an additional 478,489 shares in the last quarter. 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.