4 Reasons to Go Long On Ceragon Networks Ltd. [CRNT]

Ceragon Networks Ltd. [CRNT] stock is up 7.51 while the S&P 500 has risen 0.26% on Wednesday, 12/02/20. While at the time of this article, CRNT ATR is sitting at 0.12, with the beta value at 2.03. This stock’s volatility for the past week remained at 6.63%, while it was 4.73% for the past 30-day period. CRNT has risen $0.2 from the previous closing price of $2.73 on volume of 0.89 million shares.

On 2, November 2020, Ceragon Networks Reports Financial Results For The Third Quarter Of 2020. According to news published on Yahoo Finance, – Strong Quarter With $70.6M Revenues, 33.4% Gross Margin and $0.02 GAAP EPS Reflecting Focused Execution Despite Covid Environment -.

Analyst Birdseye View:

The most recent analyst activity for Ceragon Networks Ltd. [NASDAQ:CRNT] stock was on November 05, 2019, when it was Downgrade with a Perform rating from Oppenheimer. Before that, on April 17, 2020, Needham Recapitulated a Buy rating and elevated its amount target to $3.25. On November 28, 2018, Needham Downgrade a Hold rating. On September 28, 2018, Oppenheimer Upgrade an Outperform rating. On June 25, 2018, Needham Reiterated a Buy rating and increased its price target to $4.40. On January 17, 2017, Needham Downgrade a Hold rating. On July 18, 2016, Needham Reiterated a Buy rating and boosted its target amount on this stock from $2 to $2.50. Needham elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.99 and a peak of $2.94. At the most recent market close, shares of Ceragon Networks Ltd. [NASDAQ:CRNT] were valued at $2.93.

FUNDAMENTAL ANALYSIS

Ceragon Networks Ltd. [NASDAQ:CRNT] most recently reported quarterly sales of 70.58 billion, which represented growth of -2.20%. This publicly-traded organization’s revenue is $274,072 per employee, while its income is -$2,250 per employee. This company’s Gross Margin is currently 29.50%, its Operating Margin is -3.20%, its Pretax Margin is +0.27, and its Net Margin is -0.82. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.82, -1.47, 4.29 and -1.47 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 11.21 and the whole liability to whole assets at 6.98.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.68 points at 1st support level, the second support level is making up to 2.62. But as of 1st resistance point, this stock is sitting at 2.77 and at 2.80 for 2nd resistance point.

Ceragon Networks Ltd. [CRNT] reported its earnings at $0.03 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.01/share signifying the difference of 0.04 and 400.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.06 calling estimates for -$0.07/share with the difference of 0.01 depicting the surprise of 14.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Ceragon Networks Ltd. [NASDAQ:CRNT] is 2.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.23. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.59 and it’s amount to book ratio is 1.06.