Ceragon Networks (CRNT) Receiving Somewhat Positive Media Coverage, Report Finds
Media headlines about Ceragon Networks (NASDAQ:CRNT) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded 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 0.17 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 45.4459187456386 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Featured Company News – Ceragon Announces Receipt of Orders for Its IP-20 Platform from a Wireless Communications Wholesaler in Southeast Asia (finance.yahoo.com)
- Investors expect lowe earnings growth on Ceragon Networks Ltd. (CRNT) – Street Observer (press release) (streetobserver.com)
- Ceragon Networks Ltd. – Ordinar (NASDAQ:CRNT) Sees Light Trading Volume with 19K Shares Changing Hands – First News 24 (firstnewspaper24.com)
- Ceragon : IP-20 Platform Selected for Large National Communication Project in Southeast Asia (4-traders.com)
- Ceragon Networks® Third Quarter 2017 Financial Results Scheduled for Release on November 6, 2017 – PR Newswire (press release) (prnewswire.com)
Ceragon Networks (NASDAQ:CRNT) last released its earnings results on Monday, August 7th. The communications equipment provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Ceragon Networks had a net margin of 5.00% and a return on equity of 13.52%. The business had revenue of $93.30 million for the quarter, compared to the consensus estimate of $87.84 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up 33.3% on a year-over-year basis.
CRNT has been the subject of a number of research reports. Zacks Investment Research cut shares of Ceragon Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. ValuEngine cut shares of Ceragon Networks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and set a $2.50 price target on shares of Ceragon Networks in a report on Sunday, October 8th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Ceragon Networks in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ceragon Networks presently has an average rating of “Hold” and an average price target of $2.67.
Ceragon Networks Company Profile
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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