Ceragon Networks (NASDAQ:CRNT) Issues Earnings Results, Misses Expectations By $0.02 EPS

Ceragon Networks (NASDAQ:CRNT) announced its quarterly earnings data on Tuesday. The communications equipment provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02), Zacks reports. Ceragon Networks had a net margin of 5.10% and a return on equity of 19.77%. Ceragon Networks updated its FY 2025 guidance to EPS.

Ceragon Networks Stock Performance

NASDAQ:CRNT opened at $4.80 on Tuesday. Ceragon Networks has a one year low of $2.33 and a one year high of $5.73. The firm has a market cap of $410.02 million, a P/E ratio of 21.82 and a beta of 1.59. The firm has a 50-day simple moving average of $4.71 and a 200-day simple moving average of $3.49.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Roth Mkm assumed coverage on shares of Ceragon Networks in a report on Monday, October 28th. They set a “buy” rating and a $4.50 price objective for the company. Litchfield Hills Research assumed coverage on shares of Ceragon Networks in a report on Tuesday, December 3rd. They set a “buy” rating and a $10.00 price objective for the company. Roth Capital upgraded shares of Ceragon Networks to a “strong-buy” rating in a report on Monday, October 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $6.00 price objective on shares of Ceragon Networks in a report on Thursday, January 16th. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $6.83.

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.