Oppenheimer reiterated their hold rating on shares of Ceragon Networks (NASDAQ:CRNT) in a report published on Monday morning. Oppenheimer also issued estimates for Ceragon Networks’ Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.05 EPS, FY2018 earnings at $0.20 EPS and FY2019 earnings at $0.22 EPS.
Several other equities analysts also recently commented on CRNT. ValuEngine upgraded shares of Ceragon Networks from a hold rating to a buy rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of Ceragon Networks from a sell rating to a hold rating in a research note on Monday, January 8th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Ceragon Networks has an average rating of Hold and a consensus price target of $2.50.
Ceragon Networks (NASDAQ:CRNT) opened at $2.41 on Monday. Ceragon Networks has a twelve month low of $1.64 and a twelve month high of $4.20. The company has a market capitalization of $205.88, a P/E ratio of 14.69 and a beta of 1.01.
Several institutional investors have recently made changes to their positions in the company. Two Sigma Advisers LP grew its stake in shares of Ceragon Networks by 155.3% in the fourth quarter. Two Sigma Advisers LP now owns 86,300 shares of the communications equipment provider’s stock worth $171,000 after acquiring an additional 52,500 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Ceragon Networks in the fourth quarter worth $275,000. Renaissance Technologies LLC grew its stake in shares of Ceragon Networks by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,758,880 shares of the communications equipment provider’s stock worth $5,463,000 after acquiring an additional 257,180 shares during the last quarter. ARK Investment Management LLC acquired a new stake in shares of Ceragon Networks in the fourth quarter worth $245,000. Finally, Algert Global LLC grew its stake in shares of Ceragon Networks by 44.8% in the third quarter. Algert Global LLC now owns 747,633 shares of the communications equipment provider’s stock worth $1,555,000 after acquiring an additional 231,314 shares during the last quarter. Institutional investors and hedge funds own 14.15% of the company’s stock.
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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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