What’s in Ceragon Networks Ltd. (CRNT) After Today’s Big Increase?

February 15, 2018 - By Michael Pereira

The stock of Ceragon Networks Ltd. (NASDAQ:CRNT) is a huge mover today! The stock increased 4.15% or $0.1 during the last trading session, reaching $2.51. About 847,560 shares traded or 30.85% up from the average. Ceragon Networks Ltd. (NASDAQ:CRNT) has risen 107.53% since February 15, 2017 and is uptrending. It has outperformed by 90.83% the S&P500.
The move comes after 5 months positive chart setup for the $195.70 million company. It was reported on Feb, 15 by Barchart.com. We have $2.59 PT which if reached, will make NASDAQ:CRNT worth $5.87M more.

Analysts await Ceragon Networks Ltd. (NASDAQ:CRNT) to report earnings on February, 21. They expect $0.04 earnings per share, down 42.86 % or $0.03 from last year’s $0.07 per share. CRNT’s profit will be $3.12 million for 15.69 P/E if the $0.04 EPS becomes a reality. After $0.05 actual earnings per share reported by Ceragon Networks Ltd. for the previous quarter, Wall Street now forecasts -20.00 % negative EPS growth.

Ceragon Networks Ltd. (NASDAQ:CRNT) Ratings Coverage

Among 3 analysts covering Ceragon (NASDAQ:CRNT), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Ceragon had 7 analyst reports since August 14, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, August 14. Needham downgraded the stock to “Hold” rating in Tuesday, January 17 report. Jefferies maintained Ceragon Networks Ltd. (NASDAQ:CRNT) rating on Tuesday, August 9. Jefferies has “Hold” rating and $2 target. The firm has “Buy” rating given on Friday, August 14 by Needham. The stock has “Hold” rating by Jefferies on Friday, October 6.

More important recent Ceragon Networks Ltd. (NASDAQ:CRNT) news were published by: Seekingalpha.com which released: “Buy Ceragon Networks For Above Average Returns Over The Next 3 Years” on December 05, 2017, also Seekingalpha.com published article titled: “Ceragon Networks’ Long-Term Uptrend Has Just Begun”, Seekingalpha.com published: “Ceragon Networks’ (CRNT) CEO Ira Palti on Q4 2017 Results – Earnings Call …” on February 12, 2018. More interesting news about Ceragon Networks Ltd. (NASDAQ:CRNT) was released by: Prnewswire.com and their article: “Stock Review for Communication Equipment’s Investors — Ceragon Networks …” with publication date: February 15, 2018.

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services worldwide. The company has market cap of $195.70 million. The Company’s wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider's network. It has a 12.07 P/E ratio. The firm also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads.

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