Ceragon Networks (NASDAQ:CRNT) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Shares of Ceragon Networks Ltd. (NASDAQ:CRNT) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $2.08 and traded as high as $2.22. Ceragon Networks shares last traded at $2.11, with a volume of 1,530,974 shares traded.

Trending Headlines about Ceragon Networks

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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRNT shares. Wall Street Zen raised Ceragon Networks from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings downgraded shares of Ceragon Networks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, August 19th. Zacks Research upgraded shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Finally, Needham & Company LLC raised their price target on shares of Ceragon Networks from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ceragon Networks presently has an average rating of “Moderate Buy” and a consensus target price of $3.88.

Ceragon Networks Stock Up 8.1%

The firm has a market capitalization of $207.23 million, a P/E ratio of -76.00 and a beta of 1.36. The firm has a 50 day moving average of $2.08 and a 200-day moving average of $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, topping the consensus estimate of $0.04 by $0.03. The business had revenue of $95.52 million during the quarter, compared to analysts’ expectations of $94.40 million. Ceragon Networks had a negative net margin of 0.26% and a positive return on equity of 5.34%. As a group, research analysts expect that Ceragon Networks Ltd. will post 0.11 EPS for the current year.

Institutional Trading of Ceragon Networks

Several large investors have recently made changes to their positions in the company. First Wilshire Securities Management Inc. increased its stake in Ceragon Networks by 18.0% in the first quarter. First Wilshire Securities Management Inc. now owns 4,854,150 shares of the communications equipment provider’s stock valued at $10,485,000 after acquiring an additional 740,358 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Ceragon Networks in the 1st quarter valued at $911,000. AXQ Capital LP increased its stake in shares of Ceragon Networks by 66.3% in the 2nd quarter. AXQ Capital LP now owns 48,663 shares of the communications equipment provider’s stock valued at $126,000 after purchasing an additional 19,404 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ceragon Networks by 13.7% during the 1st quarter. Renaissance Technologies LLC now owns 214,500 shares of the communications equipment provider’s stock worth $463,000 after buying an additional 25,800 shares in the last quarter. Finally, R Squared Ltd raised its holdings in shares of Ceragon Networks by 71.3% during the 1st quarter. R Squared Ltd now owns 55,838 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 23,234 shares in the last quarter. Institutional investors and hedge funds own 13.31% of the company’s stock.

About Ceragon Networks

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.