Ceragon Networks (CRNT) Getting Somewhat Positive News Coverage, Analysis Finds
Media stories about Ceragon Networks (NASDAQ:CRNT) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ceragon Networks earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 47.4686437152706 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several research analysts recently issued reports on CRNT shares. Zacks Investment Research raised shares of Ceragon Networks from a “hold” rating to a “buy” rating and set a $2.50 price target for the company in a report on Wednesday, August 9th. ValuEngine raised shares of Ceragon Networks from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Ceragon Networks in a report on Tuesday, August 8th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $2.50 price target on shares of Ceragon Networks in a report on Sunday, October 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $2.50.
Ceragon Networks (NASDAQ CRNT) opened at $1.77 on Friday. The stock has a market cap of $134.66, a PE ratio of 8.65 and a beta of 1.08. Ceragon Networks has a 1-year low of $1.64 and a 1-year high of $4.23.
Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings results on Monday, November 6th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $75.99 million during the quarter, compared to analysts’ expectations of $78.22 million. Ceragon Networks had a net margin of 5.06% and a return on equity of 12.60%. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. analysts anticipate that Ceragon Networks will post 0.18 EPS for the current fiscal year.
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About Ceragon Networks
Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.
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