Ceragon Networks Ltd [CRNT] stock is trading at $3.29, up 4.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRNT shares have gain 7.87% over the last week, with a monthly amount glided 15.44%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Ceragon Networks to Participate in the 36th Annual Roth Conference. In a post published today on Yahoo Finance, Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it’s CEO, Doron Arazi, will participate in the 36th Annual Roth Conference, taking place March 17-19, at The Ritz Carlton Laguna Nigel in Dana Point, California.
From an analyst’s perspective:
Ceragon Networks Ltd [NASDAQ: CRNT] stock has seen the most recent analyst activity on September 16, 2021, when Aegis Capital initiated its Buy rating and assigned the stock a price target of $6. Previously, Needham upgraded its rating to Buy on May 04, 2021, and kept the price target unchanged to $4.50. On March 12, 2021, upgrade upgraded it’s rating to Hold. Oppenheimer upgraded its rating to a Outperform but stick to its price target of $6.50 on February 22, 2021. Needham downgraded its rating to a Underperform. Needham upgraded its rating to Buy for this stock on April 17, 2020, but kept the price target unchanged to $3.25. In a note dated November 05, 2019, Oppenheimer downgraded an Perform rating on this stock.
Ceragon Networks Ltd [CRNT] stock has fluctuated between $1.56 and $3.23 over the past year. Ceragon Networks Ltd [NASDAQ: CRNT] shares were valued at $3.29 at the most recent close of the market.
Analyzing the CRNT fundamentals
Ceragon Networks Ltd [NASDAQ:CRNT] reported sales of 347.18M for the trailing twelve months, which represents a growth of 19.63%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.05 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.18 points at the first support level, and at 3.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.39, and for the 2nd resistance point, it is at 3.49.
Ceragon Networks Ltd [CRNT] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of -$0.02 and a surprise factor of -66.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.04 per share as compared to estimates of $0.03 per share, a difference of $0.01 representing a surprise of 33.30%.
Ratios To Look Out For
For context, Ceragon Networks Ltd’s Current Ratio is 1.64. Also, the Quick Ratio is 1.11, while the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 2.10 and price to earnings (TTM) ratio is 45.13.
