FY2022 EPS Estimates for Ceragon Networks Ltd. Raised by Oppenheimer (NASDAQ:CRNT)

Ceragon Networks Ltd. (NASDAQ:CRNTGet Rating) – Equities researchers at Oppenheimer increased their FY2022 earnings per share estimates for Ceragon Networks in a research report issued on Monday, November 7th. Oppenheimer analyst G. Iwanyc now anticipates that the communications equipment provider will post earnings of ($0.03) per share for the year, up from their prior estimate of ($0.05). The consensus estimate for Ceragon Networks’ current full-year earnings is ($0.05) per share. Oppenheimer also issued estimates for Ceragon Networks’ Q4 2022 earnings at $0.02 EPS and Q2 2023 earnings at $0.02 EPS.

Separately, StockNews.com raised Ceragon Networks from a “hold” rating to a “buy” rating in a research note on Thursday.

Ceragon Networks Stock Performance

Shares of Ceragon Networks stock opened at $1.87 on Thursday. Ceragon Networks has a 52 week low of $1.53 and a 52 week high of $3.24. The stock has a 50 day moving average price of $1.91 and a two-hundred day moving average price of $2.09. The stock has a market capitalization of $157.58 million, a PE ratio of -8.90 and a beta of 1.26.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRNT. Jane Street Group LLC purchased a new position in shares of Ceragon Networks during the first quarter valued at approximately $25,000. Dynamic Advisor Solutions LLC purchased a new position in Ceragon Networks in the third quarter worth $27,000. Tower Research Capital LLC TRC boosted its position in Ceragon Networks by 8,127.0% in the third quarter. Tower Research Capital LLC TRC now owns 16,454 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 16,254 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ceragon Networks by 57.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,595 shares of the communications equipment provider’s stock worth $65,000 after purchasing an additional 11,113 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ceragon Networks by 30.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,029 shares of the communications equipment provider’s stock worth $72,000 after purchasing an additional 9,005 shares during the last quarter. Hedge funds and other institutional investors own 23.79% of the company’s stock.

Ceragon Networks Company Profile

(Get Rating)

Ceragon Networks Ltd. provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network.

Further Reading

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

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