FY2025 EPS Estimates for Ceragon Networks Boosted by Aegis

Ceragon Networks Ltd. (NASDAQ:CRNT) – Equities research analysts at Aegis boosted their FY2025 earnings estimates for shares of Ceragon Networks in a report issued on Wednesday, March 5th. Aegis analyst R. Dionisio now anticipates that the communications equipment provider will earn $0.30 per share for the year, up from their previous estimate of $0.28. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

Other research analysts also recently issued research reports about the stock. Litchfield Hills Research initiated coverage on shares of Ceragon Networks in a report on Tuesday, December 3rd. They issued a “buy” rating and a $10.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target on shares of Ceragon Networks in a research note on Wednesday, February 12th. Finally, StockNews.com cut shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $6.83.

Ceragon Networks Stock Performance

Shares of Ceragon Networks stock opened at $2.55 on Monday. The company has a market capitalization of $217.82 million, a P/E ratio of 9.44 and a beta of 1.62. The company has a fifty day moving average of $4.13 and a 200 day moving average of $3.52. Ceragon Networks has a fifty-two week low of $2.33 and a fifty-two week high of $5.73.

Institutional Trading of Ceragon Networks

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRNT. Walleye Capital LLC grew its stake in Ceragon Networks by 95.1% in the 3rd quarter. Walleye Capital LLC now owns 283,933 shares of the communications equipment provider’s stock worth $778,000 after acquiring an additional 138,411 shares in the last quarter. XTX Topco Ltd acquired a new stake in Ceragon Networks in the third quarter valued at approximately $152,000. JPMorgan Chase & Co. acquired a new stake in Ceragon Networks in the third quarter valued at approximately $104,000. Inspire Investing LLC acquired a new stake in Ceragon Networks in the fourth quarter valued at approximately $903,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of Ceragon Networks in the fourth quarter worth $90,000. 13.31% of the stock is owned by hedge funds and other institutional investors.

About Ceragon Networks

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.