Media stories about Ceragon Networks (NASDAQ:CRNT) have trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ceragon Networks earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 47.0644737523063 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Several brokerages recently issued reports on CRNT. Zacks Investment Research cut Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Ceragon Networks in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $2.83.

Shares of Ceragon Networks (NASDAQ CRNT) opened at 2.08 on Friday. The company has a 50 day moving average price of $2.30 and a 200 day moving average price of $2.94. The company has a market capitalization of $162.01 million, a PE ratio of 9.77 and a beta of 1.13. Ceragon Networks has a 52 week low of $1.95 and a 52 week high of $4.23.

Ceragon Networks (NASDAQ:CRNT) last released its quarterly earnings data on Monday, August 7th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Ceragon Networks had a net margin of 5.00% and a return on equity of 13.52%. The business had revenue of $93.30 million during the quarter, compared to analyst estimates of $87.84 million. During the same period in the previous year, the business earned $0.02 EPS. Ceragon Networks’s revenue was up 33.3% compared to the same quarter last year. On average, equities research analysts expect that Ceragon Networks will post $0.20 earnings per share for the current year.

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Ceragon Networks Company Profile

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.

Insider Buying and Selling by Quarter for Ceragon Networks (NASDAQ:CRNT)

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