Q3 Earnings Forecast for CRNT Issued By Roth Capital

Ceragon Networks Ltd. (NASDAQ:CRNT) – Stock analysts at Roth Capital issued their Q3 2024 EPS estimates for shares of Ceragon Networks in a report issued on Monday, October 28th. Roth Capital analyst S. Searle forecasts that the communications equipment provider will post earnings per share of $0.09 for the quarter. Roth Capital currently has a “Strong-Buy” rating on the stock. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.24 per share. Roth Capital also issued estimates for Ceragon Networks’ Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.31 EPS, Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.14 EPS, FY2025 earnings at $0.40 EPS and FY2026 earnings at $0.50 EPS.

Ceragon Networks (NASDAQ:CRNT) last issued its quarterly earnings data on Wednesday, August 7th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter. Ceragon Networks had a net margin of 2.87% and a return on equity of 13.94%. The firm had revenue of $96.09 million during the quarter.

A number of other equities research analysts also recently weighed in on CRNT. Roth Mkm initiated coverage on Ceragon Networks in a report on Monday. They set a “buy” rating and a $4.50 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $5.25 price target on shares of Ceragon Networks in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and an average price target of $4.88.

Ceragon Networks Trading Down 0.8 %

NASDAQ:CRNT opened at $2.56 on Wednesday. The stock has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $2.68. The stock has a market cap of $218.67 million, a P/E ratio of 21.33 and a beta of 1.34. Ceragon Networks has a 1-year low of $1.62 and a 1-year high of $3.38.

Hedge Funds Weigh In On Ceragon Networks

Hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new stake in shares of Ceragon Networks during the 2nd quarter worth $26,000. Cubist Systematic Strategies LLC bought a new stake in Ceragon Networks during the second quarter worth about $56,000. Sei Investments Co. lifted its position in Ceragon Networks by 45.7% during the second quarter. Sei Investments Co. now owns 27,423 shares of the communications equipment provider’s stock worth $69,000 after purchasing an additional 8,607 shares during the period. Lazard Asset Management LLC grew its stake in Ceragon Networks by 9,906.9% during the first quarter. Lazard Asset Management LLC now owns 94,765 shares of the communications equipment provider’s stock worth $303,000 after buying an additional 93,818 shares in the last quarter. Finally, Kennedy Capital Management LLC bought a new position in Ceragon Networks in the 1st quarter valued at about $316,000. Institutional investors own 13.31% of the company’s stock.

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.