Ceragon Networks Ltd (NASDAQ:CRNT) Given Consensus Rating of “Hold” by Brokerages
Shares of Ceragon Networks Ltd (NASDAQ:CRNT) have been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.83.
Several research analysts recently weighed in on CRNT shares. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Monday, July 8th. TheStreet cut USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. BidaskClub upgraded ZIX from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. Finally, Oppenheimer set a $32.00 price objective on Iovance Biotherapeutics and gave the company a “buy” rating in a research report on Wednesday, July 3rd.
CRNT stock traded down $0.05 during trading on Wednesday, hitting $2.52. 10,700 shares of the company traded hands, compared to its average volume of 438,665. The stock’s 50-day moving average is $2.84. The firm has a market capitalization of $205.56 million, a P/E ratio of 12.60, a PEG ratio of 0.78 and a beta of 1.28. Ceragon Networks has a 1 year low of $2.52 and a 1 year high of $5.04.
Institutional investors have recently bought and sold shares of the company. Seelaus Asset Management LLC purchased a new stake in shares of Ceragon Networks in the first quarter valued at approximately $36,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Ceragon Networks in the first quarter valued at approximately $54,000. Penserra Capital Management LLC purchased a new stake in shares of Ceragon Networks in the first quarter valued at approximately $61,000. Delek Group Ltd. purchased a new stake in shares of Ceragon Networks in the first quarter valued at approximately $186,000. Finally, Harvest Management LLC increased its position in shares of Ceragon Networks by 38.0% in the first quarter. Harvest Management LLC now owns 80,300 shares of the communications equipment provider’s stock valued at $288,000 after buying an additional 22,100 shares in the last quarter. Institutional investors and hedge funds own 20.83% of the company’s stock.
Ceragon Networks Company Profile
Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider's network.
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