Ceragon Networks Ltd (NASDAQ:CRNT) traded at $4.06 at close of the session on current trade day and made an upward move of 9.73% on its previous day’s price.
Looking at the stock we see that its previous close was $3.70 and the beta (5Y monthly) reads 1.356 with the day’s price range being $3.775 – $4.16. The company has a trailing 12-month PE ratio of 18.64. In terms of its 52-week price range, CRNT has a high of $3.71 and a low of $1.75. The company’s stock has gained about 64.37% over that past 30 days.
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Ceragon Networks Ltd has a market cap of $399.36 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of 0.1, with the EPS growth for the year raised at 0.35 for current year and 0.35 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 106.36M, with a low of 105.2M and a high of 107.53M. The median projection represents growth squeezing down to 17.71% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 393.64M, or 13.38% up from figures reported last year.
On the other hand, looking at the outlook for the CRNT stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Ceragon Networks Ltd (CRNT) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the CRNT stock currently stands at 1.24, and the current price level is 45.03% off its SMA20 and 51.47% from its 50-day simple moving average. The RSI (14) is pointing at 87.67 while the volatility over the past week is 8.19% and jumps to 6.63% over the past one month. The beta value is 1.50, while the average true range (ATR) is currently pointing at 0.21.
Coming back to Ceragon Networks Ltd (NASDAQ:CRNT), we note that the average 3-month trading volume was 484.31K, while that of the preceding 10-day period stands at 1.41 million. Current shares outstanding are 85.42 million.
The insiders hold 20.46% of the company’s shares while institutions hold 16.71%. The data shows that short shares as of 2024-10-31, stood at 85925.0 at a short ratio of 0.29. This represents a 10.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 0.11 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 87.96% up in year-to-date price movement.
