Ceragon Networks Ltd (NASDAQ:CRNT) shares traded -4.84% down during most recent session to reach at the closing price of $3.54. The stock exchanged hands 1.09 Million shares versus average trading capacity of 740.84 Million shares, yielding a market cap of $276.65 Million. Wall Street analysts covering the stock are projecting that the stock will reach $4.7 within the next 52-weeks. The mean target projections are based on 2 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Ceragon Networks Ltd (NASDAQ:CRNT) high price target of $5 and with a conservative view have low price target of $4.4.
Needham “Downgrades” Ceragon Networks Ltd (NASDAQ:CRNT) in a research note issued to investors on 11/28/18 to Hold with price target of $0.
Additionally on 9/28/18 Oppenheimer “Upgrades” Ceragon Networks Ltd (NASDAQ:CRNT) to Outperform setting price target at $4.5 and on 5/08/18 Needham “Upgrades” the stock to Buy. Furthermore on 1/17/17 Needham “Downgrades” the stock to Hold.
On the other hand the company has Relative Strength Index (RSI 14) of 35.92 along with Average True Range (ATR 14) of 0.23, Consequently Ceragon Networks Ltd (NASDAQ:CRNT)’s weekly and monthly volatility is 5.38%, 5.89% respectively. The company’s beta value is at 1.07.
In terms of Buy, Sell or Hold recommendations, Ceragon Networks Ltd (NASDAQ:CRNT) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Ceragon Networks Ltd (NASDAQ:CRNT)’s minimum EPS for the current quarter is at $0.03 and can go high up to $0.05. The consensus mean EPS for the current quarter is at $0.04 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.04 earnings per share for the same quarter during last year.
Previously Ceragon Networks Ltd (NASDAQ:CRNT) reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company posted an earnings surprise of 20%.
Ceragon Networks Ltd (NASDAQ:CRNT)’s revenue estimates for the current quarter are $77.05 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $80.36 Million in contradiction of low revenue estimates of $73.74 Million. For the current year the company’s revenue estimates are $343.27 Million compared to low analyst estimates of $342.62 Million and high estimates of $343.92 Million according to 2 number of analysts.
Currently Ceragon Networks Ltd (NASDAQ:CRNT)’s shares owned by insiders are 21.7%, whereas shares owned by institutional owners are 28.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 6.76%.
Ceragon Networks Ltd (NASDAQ:CRNT)’s trailing twelve month revenues are $343.9 Million, whereas its price to sales ratio for the same period is 0.8. Its book value per share for the most recent quarter is $2.01 while its price to book ratio for the same period is 1.76, as for as the company’s cash per share for the most recent quarter is $0.46, however its price to cash per share ratio for the same period is 7.66. The stock has 5 year expected PEG ratio of 0.83 whereas its trailing twelve month P/E ratio is 12.51.