Ceragon Networks Ltd. (NASDAQ:CRNT) – Equities research analysts at Oppenheimer Holdings decreased their FY2017 earnings estimates for Ceragon Networks in a research note issued on Monday. Oppenheimer Holdings analyst G. Iwanyc now forecasts that the communications equipment provider will earn $0.18 per share for the year, down from their previous forecast of $0.19. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Ceragon Networks’ Q4 2017 earnings at $0.04 EPS, Q3 2018 earnings at $0.06 EPS and FY2019 earnings at $0.21 EPS.

Ceragon Networks (NASDAQ:CRNT) last released its earnings results on Monday, November 6th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.05. The firm had revenue of $75.99 million during the quarter, compared to analyst estimates of $78.22 million. Ceragon Networks had a return on equity of 12.60% and a net margin of 5.06%. Ceragon Networks’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share.

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Other analysts also recently issued reports about the company. Zacks Investment Research downgraded Ceragon Networks from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine downgraded Ceragon Networks from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $2.50 price target on shares of Ceragon Networks in a report on Sunday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $2.50.

Shares of Ceragon Networks (NASDAQ CRNT) opened at $1.77 on Wednesday. The stock has a market capitalization of $144.00, a PE ratio of 9.25 and a beta of 1.08. Ceragon Networks has a fifty-two week low of $1.77 and a fifty-two week high of $4.23.

Several institutional investors have recently bought and sold shares of the company. Menta Capital LLC acquired a new position in Ceragon Networks in the 2nd quarter valued at about $408,000. Spark Investment Management LLC acquired a new position in Ceragon Networks during the 2nd quarter worth approximately $305,000. Essex Investment Management Co. LLC increased its position in Ceragon Networks by 35.5% during the 2nd quarter. Essex Investment Management Co. LLC now owns 523,772 shares of the communications equipment provider’s stock worth $1,336,000 after purchasing an additional 137,173 shares during the period. Zweig DiMenna Associates LLC increased its position in Ceragon Networks by 46.6% during the 2nd quarter. Zweig DiMenna Associates LLC now owns 534,965 shares of the communications equipment provider’s stock worth $1,364,000 after purchasing an additional 169,965 shares during the period. Finally, UBS Group AG acquired a new position in Ceragon Networks during the 1st quarter worth approximately $965,000. 19.22% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Ceragon Networks (NASDAQ:CRNT)

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