Press coverage about Ceragon Networks (NASDAQ:CRNT) has been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ceragon Networks earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 46.7206171512104 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media headlines that may have effected Accern’s rankings:

A number of research firms have commented on CRNT. ValuEngine lowered Ceragon Networks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered Ceragon Networks from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Ceragon Networks in a report on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating, Ceragon Networks has a consensus rating of “Hold” and an average price target of $2.83.

Ceragon Networks (NASDAQ CRNT) traded up 3.86% during trading on Thursday, hitting $2.15. The stock had a trading volume of 52,082 shares. The company’s 50 day moving average is $2.23 and its 200 day moving average is $2.88. Ceragon Networks has a 52-week low of $1.95 and a 52-week high of $4.23. The firm has a market cap of $167.47 million, a PE ratio of 10.09 and a beta of 1.19.

Ceragon Networks (NASDAQ:CRNT) last issued its quarterly earnings results on Monday, August 7th. The communications equipment provider reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Ceragon Networks had a return on equity of 13.52% and a net margin of 5.00%. The company had revenue of $93.30 million for the quarter, compared to analysts’ expectations of $87.84 million. During the same quarter last year, the business earned $0.02 earnings per share. Ceragon Networks’s revenue was up 33.3% on a year-over-year basis. Equities research analysts forecast that Ceragon Networks will post $0.20 earnings per share for the current year.

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About Ceragon Networks

Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.

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