Ceragon Networks (NASDAQ:CRNT) Stock Rating Raised to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Ceragon Networks (NASDAQ:CRNT) from a buy rating to a strong-buy rating in a report published on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also commented on CRNT. Weiss Ratings lowered Ceragon Networks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, August 19th. Zacks Research upgraded Ceragon Networks from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Finally, Needham & Company LLC lifted their target price on shares of Ceragon Networks from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ceragon Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.88.

Ceragon Networks Stock Up 8.1%

Shares of Ceragon Networks stock opened at $2.28 on Friday. Ceragon Networks has a twelve month low of $1.85 and a twelve month high of $3.29. The stock has a market cap of $207.23 million, a price-to-earnings ratio of -76.00 and a beta of 1.36. The company’s fifty day moving average is $2.08 and its 200 day moving average is $2.32.

Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings data on Thursday, November 5th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $95.52 million during the quarter, compared to the consensus estimate of $94.40 million. Ceragon Networks had a positive return on equity of 5.34% and a negative net margin of 0.26%. As a group, equities analysts anticipate that Ceragon Networks will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Spark Investment Management LLC bought a new stake in shares of Ceragon Networks during the 2nd quarter worth $27,000. Seven Mile Advisory purchased a new position in shares of Ceragon Networks in the 3rd quarter worth about $90,000. AXQ Capital LP grew its position in Ceragon Networks by 66.3% during the second quarter. AXQ Capital LP now owns 48,663 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 19,404 shares during the period. R Squared Ltd grew its position in Ceragon Networks by 10.9% during the third quarter. R Squared Ltd now owns 63,465 shares of the communications equipment provider’s stock valued at $131,000 after buying an additional 6,256 shares during the period. Finally, Aristides Capital LLC grew its position in Ceragon Networks by 15.5% during the first quarter. Aristides Capital LLC now owns 162,963 shares of the communications equipment provider’s stock valued at $352,000 after buying an additional 21,833 shares during the period. Institutional investors own 13.31% of the company’s stock.

Ceragon Networks News Roundup

Here are the key news stories impacting Ceragon Networks this week:

• Positive Sentiment: Q3 results topped estimates. Ceragon reported revenue of $95.5 million, up 11.7% year over year and above the $94.4 million consensus. Non-GAAP EPS was $0.07, beating the $0.04 estimate. Improved revenue mix lifted gross margin by 430 basis points sequentially, and the company generated $14.1 million in cash from operations. Growth included stronger demand in India and a North American rebound. Read More.
• Positive Sentiment: Needham raised its price target and reiterated a Buy rating. The firm lifted its target from $3.00 to $3.50, signaling increased analyst optimism about CRNT’s prospects. Read More.
• Neutral Sentiment: FY 2026 revenue guidance is close to consensus. Ceragon forecast revenue of $365 million to $375 million, a range that includes the $369 million analyst estimate; the guidance therefore does not indicate a clear material surprise versus expectations. Read More.

Ceragon Networks Company Profile

Ceragon Networks Ltd. (NASDAQ: CRNT) is a telecommunications equipment and solutions provider headquartered in Israel. The company develops wireless transport systems that help communications service providers connect mobile networks, broadband infrastructure and other distributed sites without relying solely on fiber-optic connections.

Its product portfolio includes microwave and millimeter-wave radio systems, packet microwave solutions, antennas, network management software and related services.