CRNT FY2025 EPS Lowered by Litchfield Hills Research

Ceragon Networks Ltd. (NASDAQ:CRNT) – Litchfield Hills Research cut their FY2025 earnings per share estimates for shares of Ceragon Networks in a report issued on Wednesday, November 12th. Litchfield Hills Research analyst T. O’neill now forecasts that the communications equipment provider will post earnings of $0.10 per share for the year, down from their previous forecast of $0.11. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

Ceragon Networks (NASDAQ:CRNT) last posted 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 business had revenue of $85.48 million during 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.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d)” rating on shares of Ceragon Networks in a research report on Wednesday, October 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 target price on shares of Ceragon Networks in a research note on Wednesday. Roth Capital cut their price target on shares of Ceragon Networks from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, July 18th. Finally, Zacks Research upgraded shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ceragon Networks currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Ceragon Networks Trading Down 5.5%

NASDAQ CRNT traded down $0.13 on Thursday, reaching $2.14. The stock had a trading volume of 116,637 shares, compared to its average volume of 1,155,152. The company has a market capitalization of $189.87 million, a price-to-earnings ratio of 13.34 and a beta of 1.13. The business has a 50 day moving average price of $2.36 and a 200 day moving average price of $2.30. Ceragon Networks has a 1 year low of $1.82 and a 1 year high of $5.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independent Advisor Alliance acquired a new stake in Ceragon Networks in the first quarter valued at approximately $216,000. Russell Investments Group Ltd. grew its holdings in Ceragon Networks by 25.7% in the first quarter. Russell Investments Group Ltd. now owns 141,589 shares of the communications equipment provider’s stock valued at $333,000 after purchasing an additional 28,920 shares during the last quarter. KLCM Advisors Inc. acquired a new stake in shares of Ceragon Networks in the first quarter worth approximately $1,871,000. Quantbot Technologies LP acquired a new position in shares of Ceragon Networks in the 1st quarter valued at approximately $90,000. Finally, First Wilshire Securities Management Inc. lifted its stake in Ceragon Networks by 11.4% in the first quarter. First Wilshire Securities Management Inc. now owns 3,282,992 shares of the communications equipment provider’s stock valued at $7,715,000 after buying an additional 336,646 shares during the last quarter. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

Ceragon Networks Company Profile

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.