Litchfield Hills Research Forecasts CRNT FY2027 Earnings

Ceragon Networks Ltd. (NASDAQ:CRNT) – Equities research analysts at Litchfield Hills Research issued their FY2027 earnings per share estimates for shares of Ceragon Networks in a research note issued on Thursday, February 19th. Litchfield Hills Research analyst T. O’neill anticipates that the communications equipment provider will post earnings of $0.11 per share for the year. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share.

Ceragon Networks (NASDAQ:CRNT) last posted its earnings results on Tuesday, February 17th. The communications equipment provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Ceragon Networks had a negative net margin of 0.62% and a positive return on equity of 3.52%. The firm had revenue of $82.33 million during the quarter, compared to the consensus estimate of $84.23 million.

CRNT has been the subject of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Ceragon Networks in a research report on Monday, December 29th. Needham & Company LLC restated a “buy” rating and issued a $3.00 price objective on shares of Ceragon Networks in a report on Wednesday, November 12th. Finally, Zacks Research lowered Ceragon Networks from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Ceragon Networks has a consensus rating of “Hold” and a consensus target price of $4.00.

Ceragon Networks Price Performance

Shares of NASDAQ CRNT opened at $2.20 on Monday. The company has a 50 day simple moving average of $2.23 and a 200 day simple moving average of $2.21. Ceragon Networks has a 1 year low of $1.82 and a 1 year high of $3.12. The firm has a market cap of $195.65 million, a PE ratio of -110.00 and a beta of 1.19.

Institutional Investors Weigh In On Ceragon Networks

A number of large investors have recently bought and sold shares of CRNT. BNP Paribas Financial Markets acquired a new position in shares of Ceragon Networks during the second quarter valued at about $26,000. Jones Financial Companies Lllp increased its position in Ceragon Networks by 283.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 11,500 shares of the communications equipment provider’s stock valued at $27,000 after buying an additional 8,500 shares in the last quarter. Walleye Capital LLC bought a new stake in Ceragon Networks in the 4th quarter valued at about $27,000. Bank of Montreal Can acquired a new position in Ceragon Networks during the 2nd quarter worth approximately $35,000. Finally, Tamar Securities LLC boosted its holdings in Ceragon Networks by 67.3% in the fourth quarter. Tamar Securities LLC now owns 17,016 shares of the communications equipment provider’s stock worth $36,000 after acquiring an additional 6,848 shares in the last quarter. 13.31% of the stock is currently owned by institutional investors and hedge funds.

Ceragon Networks Company Profile

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon’s solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company’s product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.