Shares of Ceragon Networks Ltd. (NASDAQ:CRNT) have been given an average recommendation of “Hold” by the six research firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is $3.00.

A number of brokerages have issued reports on CRNT. ValuEngine lowered shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Ceragon Networks in a research report on Thursday, May 11th. Finally, Zacks Investment Research lowered shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th.

Several hedge funds and other institutional investors have recently bought and sold shares of CRNT. Norges Bank acquired a new stake in shares of Ceragon Networks during the 4th quarter worth approximately $1,291,000. Systematic Financial Management LP acquired a new stake in shares of Ceragon Networks during the 1st quarter worth approximately $1,579,000. Zweig DiMenna Associates LLC acquired a new stake in shares of Ceragon Networks during the 1st quarter worth approximately $1,194,000. Oxford Asset Management boosted its position in shares of Ceragon Networks by 345.1% during the 1st quarter. Oxford Asset Management now owns 464,213 shares of the communications equipment provider’s stock worth $1,518,000 after acquiring an additional 359,910 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of Ceragon Networks during the 1st quarter worth approximately $1,055,000. Institutional investors and hedge funds own 20.64% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://theolympiareport.com/2017/09/06/ceragon-networks-ltd-crnt-given-average-recommendation-of-hold-by-brokerages.html.

Ceragon Networks (NASDAQ:CRNT) remained flat at $2.07 during midday trading on Friday. The stock had a trading volume of 230,963 shares. The firm has a market capitalization of $161.23 million, a price-to-earnings ratio of 9.72 and a beta of 1.19. The company has a 50 day moving average price of $2.25 and a 200 day moving average price of $2.89. Ceragon Networks has a 52-week low of $1.95 and a 52-week high of $4.23.

Ceragon Networks (NASDAQ:CRNT) last announced its earnings results on Monday, August 7th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Ceragon Networks had a net margin of 5.00% and a return on equity of 13.52%. The firm had revenue of $93.30 million for the quarter, compared to analyst estimates of $87.84 million. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue was up 33.3% compared to the same quarter last year. On average, analysts anticipate that Ceragon Networks will post $0.20 EPS for the current year.

Ceragon Networks Company Profile

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.

Receive News & Ratings for Ceragon Networks Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceragon Networks Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.