Aegis restated their buy rating on shares of Ceragon Networks (NASDAQ:CRNT – Free Report) in a research report released on Tuesday morning, PriceTargets.com reports. Aegis also issued estimates for Ceragon Networks’ FY2024 earnings at $0.19 EPS.
Several other brokerages have also issued reports on CRNT. Needham & Company LLC reiterated a buy rating and issued a $5.25 target price on shares of Ceragon Networks in a research report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Ceragon Networks in a research report on Thursday, August 17th. They issued a buy rating on the stock.
Ceragon Networks Stock Performance
Ceragon Networks (NASDAQ:CRNT – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported $0.04 EPS for the quarter. The company had revenue of $86.15 million for the quarter. Ceragon Networks had a net margin of 0.14% and a return on equity of 6.23%.
Hedge Funds Weigh In On Ceragon Networks
Institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Ceragon Networks during the first quarter worth about $25,000. Verition Fund Management LLC acquired a new position in Ceragon Networks during the fourth quarter worth about $25,000. Susquehanna International Group LLP acquired a new position in Ceragon Networks during the first quarter worth about $25,000. Tower Research Capital LLC TRC raised its stake in Ceragon Networks by 8,127.0% during 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 period. Finally, Ten Capital Wealth Advisors LLC purchased a new position in Ceragon Networks during the second quarter worth about $37,000. 13.77% of the stock is currently owned by institutional investors and hedge funds.
Ceragon Networks Company Profile
Ceragon Networks Ltd. provides wireless transport solutions for 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 service provider's network.
- Five stocks we like better than Ceragon Networks
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- 2 Wrecked Stocks Keeping Cars on the Road Ready for Repair
- ETF Screener: Uses and Step-by-Step Guide
- WeWork Stock Soars: Meme Stock Madness or Mirage?
- What is the Hang Seng index?
- 3 Low-Cost ETFs That Are Crushing SPY
Receive News & Ratings for Ceragon Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceragon Networks and related companies with MarketBeat.com's FREE daily email newsletter.