Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ceragon Networks (CRNT) Stock Price

News headlines about Ceragon Networks (NASDAQ:CRNT) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ceragon Networks earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the communications equipment provider an impact score of 46.6771033262341 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s analysis:

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Ceragon Networks from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Ceragon Networks in a report on Thursday, May 11th. Four analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $3.25.

Ceragon Networks (NASDAQ:CRNT) opened at 2.65 on Thursday. The stock has a market cap of $206.16 million, a PE ratio of 17.55 and a beta of 1.15. The company has a 50-day moving average price of $2.66 and a 200-day moving average price of $3.22. Ceragon Networks has a 52 week low of $1.89 and a 52 week high of $4.23.

Ceragon Networks (NASDAQ:CRNT) last released its earnings results on Thursday, May 11th. The communications equipment provider reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Ceragon Networks had a return on equity of 10.27% and a net margin of 3.79%. The firm had revenue of $76.02 million for the quarter, compared to analyst estimates of $74.09 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 27.1% on a year-over-year basis. Analysts anticipate that Ceragon Networks will post $0.21 earnings per share for the current year.

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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.

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