FY2025 EPS Forecast for Ceragon Networks Cut by Analyst

Ceragon Networks Ltd. (NASDAQ:CRNT) – Equities research analysts at Aegis lowered their FY2025 earnings estimates for shares of Ceragon Networks in a report released on Tuesday, June 24th. Aegis analyst R. Dionisio now anticipates that the communications equipment provider will post earnings per share of $0.26 for the year, down from their prior estimate of $0.30. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

A number of other research analysts have also issued reports on the stock. Needham & Company LLC dropped their price objective on shares of Ceragon Networks from $6.00 to $4.50 and set a “buy” rating for the company in a report on Wednesday, May 7th. Wall Street Zen lowered shares of Ceragon Networks from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Craig Hallum started coverage on shares of Ceragon Networks in a report on Thursday, March 13th. They issued a “buy” rating and a $5.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ceragon Networks has an average rating of “Buy” and a consensus target price of $6.00.

Ceragon Networks Trading Down 1.2%

CRNT opened at $2.45 on Friday. The company’s 50 day moving average is $2.31 and its 200-day moving average is $3.14. Ceragon Networks has a 1-year low of $1.95 and a 1-year high of $5.73. The company has a market cap of $217.88 million, a P/E ratio of 9.42 and a beta of 1.04.

Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings results on Wednesday, May 7th. The communications equipment provider reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. Ceragon Networks had a net margin of 5.75% and a return on equity of 19.04%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its holdings in Ceragon Networks by 132.2% during the 1st quarter. NewEdge Advisors LLC now owns 106,255 shares of the communications equipment provider’s stock worth $250,000 after purchasing an additional 60,498 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Ceragon Networks during the 1st quarter worth approximately $983,000. State of Wyoming bought a new position in Ceragon Networks during the 1st quarter worth approximately $58,000. Worth Venture Partners LLC bought a new position in Ceragon Networks during the 1st quarter worth approximately $47,000. Finally, Walleye Capital LLC raised its holdings in Ceragon Networks by 22.7% during the 1st quarter. Walleye Capital LLC now owns 346,117 shares of the communications equipment provider’s stock worth $813,000 after purchasing an additional 64,087 shares during the last quarter. Institutional investors own 13.31% of the company’s stock.

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.