Ceragon Networks Ltd. (CRNT) Expected to Earn Q1 2018 Earnings of $0.02 Per Share

Ceragon Networks Ltd. (NASDAQ:CRNT) – Investment analysts at Oppenheimer Holdings cut their Q1 2018 earnings estimates for Ceragon Networks in a research report issued on Monday. Oppenheimer Holdings analyst G. Iwanyc now expects that the communications equipment provider will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.03. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Ceragon Networks’ Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.18 EPS.

CRNT has been the topic of a number of other research reports. Zacks Investment Research downgraded Ceragon Networks from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. ValuEngine upgraded Ceragon Networks from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $2.50 price objective on shares of Ceragon Networks in a report on Sunday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $2.50.

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Shares of Ceragon Networks (NASDAQ CRNT) traded down $0.02 on Thursday, hitting $1.75. The stock had a trading volume of 332,264 shares, compared to its average volume of 461,426. The firm has a market cap of $144.00, a P/E ratio of 9.25 and a beta of 1.08. Ceragon Networks has a one year low of $1.77 and a one year high of $4.23.

Ceragon Networks (NASDAQ:CRNT) last issued its earnings results on Monday, November 6th. The communications equipment provider reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $75.99 million for the quarter, compared to the consensus estimate of $78.22 million. Ceragon Networks had a return on equity of 12.60% and a net margin of 5.06%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS.

A number of large investors have recently added to or reduced their stakes in CRNT. Parametric Portfolio Associates LLC increased its holdings in Ceragon Networks by 51.8% in the first quarter. Parametric Portfolio Associates LLC now owns 47,722 shares of the communications equipment provider’s stock worth $156,000 after buying an additional 16,294 shares during the last quarter. UBS Group AG bought a new stake in Ceragon Networks during the first quarter worth approximately $965,000. Eagle Global Advisors LLC boosted its position in Ceragon Networks by 113.0% during the second quarter. Eagle Global Advisors LLC now owns 98,000 shares of the communications equipment provider’s stock worth $250,000 after purchasing an additional 52,000 shares during the period. Spark Investment Management LLC bought a new stake in Ceragon Networks during the second quarter worth approximately $305,000. Finally, State of New Jersey Common Pension Fund D boosted its position in Ceragon Networks by 64.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 60,871 shares of the communications equipment provider’s stock worth $155,000 after purchasing an additional 23,880 shares during the period. Hedge funds and other institutional investors own 19.22% of the company’s stock.

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.

Earnings History and Estimates for Ceragon Networks (NASDAQ:CRNT)

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