FY2025 EPS Estimate for Ceragon Networks Reduced by Analyst

Ceragon Networks Ltd. (NASDAQ:CRNT) – Aegis reduced their FY2025 EPS estimates for Ceragon Networks in a research note issued on Monday, November 17th. Aegis analyst R. Dionisio now forecasts that the communications equipment provider will post earnings per share of ($0.01) for the year, down from their prior estimate of $0.01. The consensus estimate for Ceragon Networks’ current full-year earnings is $0.26 per share. Aegis also issued estimates for Ceragon Networks’ FY2026 earnings at $0.20 EPS.

Ceragon Networks (NASDAQ:CRNT) last released its quarterly earnings results on Tuesday, November 11th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Ceragon Networks had a net margin of 3.57% and a return on equity of 13.71%. The business had revenue of $85.48 million for the quarter, compared to analysts’ expectations of $83.48 million. Ceragon Networks has set its FY 2025 guidance at EPS.

Several other equities research analysts have also recently weighed in on CRNT. Zacks Research raised Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Needham & Company LLC reissued a “buy” rating and set a $3.00 target price on shares of Ceragon Networks in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ceragon Networks in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Ceragon Networks Trading Up 2.0%

Shares of NASDAQ CRNT opened at $2.04 on Wednesday. Ceragon Networks has a 12-month low of $1.82 and a 12-month high of $5.73. The firm’s 50-day moving average price is $2.36 and its 200-day moving average price is $2.29. The stock has a market capitalization of $181.42 million, a price-to-earnings ratio of 12.75 and a beta of 1.13.

Institutional Investors Weigh In On Ceragon Networks

Several hedge funds and other institutional investors have recently modified their holdings of CRNT. First Wilshire Securities Management Inc. boosted its holdings in Ceragon Networks by 23.6% during the 2nd quarter. First Wilshire Securities Management Inc. now owns 4,058,774 shares of the communications equipment provider’s stock valued at $9,985,000 after acquiring an additional 775,782 shares during the period. CSM Advisors LLC bought a new stake in shares of Ceragon Networks during the third quarter worth $4,819,000. Essex Investment Management Co. LLC boosted its stake in shares of Ceragon Networks by 36.9% during the third quarter. Essex Investment Management Co. LLC now owns 1,418,197 shares of the communications equipment provider’s stock valued at $3,304,000 after purchasing an additional 382,058 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Ceragon Networks during the third quarter valued at $2,247,000. Finally, KLCM Advisors Inc. bought a new position in shares of Ceragon Networks in the first quarter worth about $1,871,000. 13.31% of the stock is currently owned by hedge funds and other institutional investors.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.