Ceragon Networks Ltd. (CRNT) Review – Making Smarter Decisions

Ceragon Networks Ltd. (NASDAQ: CRNT) is 75.54% higher on its value in year-to-date trading and has touched a low of $0.99 and a high of $6.90 in the current 52-week trading range. The CRNT stock was last observed hovering at around $5.30 in the last trading session, with the day’s loss setting it -0.42%.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $4.88, the stock is 28.24% and 55.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.53 million and changing -8.01% at the moment leaves the stock 93.16% off its SMA200. CRNT registered 119.82% gain for a year compared to 6-month gain of 85.55%. The firm has a 50-day simple moving average (SMA 50) of $3.4206 and a 200-day simple moving average (SMA200) of $2.6855.

The stock witnessed a 70.63% loss in the last 1 month and extending the period to 3 months gives it a 96.77%, and is -10.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.70% over the week and 13.11% over the month.

Ceragon Networks Ltd. (CRNT) has around 1042 employees, a market worth around $403.82M and $260.10M in sales. Fwd P/E is 57.41. Profit margin for the company is -5.70%. Distance from 52-week low is 392.93% and -29.28% from its 52-week high. The company has generated returns on investments over the last 12 months (2.80%).

Ceragon Networks Ltd. (CRNT) Analyst Forecasts

Ceragon Networks Ltd. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $72.12M over the same period.The EPS is expected to shrink by -110.30% this year, but quarterly earnings will post -8.60% year-over-year. Quarterly sales are estimated to grow 1.20% in year-over-year returns.

Ceragon Networks Ltd. (CRNT) Top Institutional Holders

49 institutions hold shares in Ceragon Networks Ltd. (CRNT), with 19.77M shares held by insiders accounting for 24.32% while institutional investors hold 17.06% of the company’s shares. The shares outstanding are 81.28M, and float is at 61.40M with Short Float at 0.79%. Institutions hold 12.91% of the Float.

The top institutional shareholder in the company is Renaissance Technologies, LLC with over 3.15 million shares valued at $7.84 million. The investor’s holdings represent 3.90% of the CRNT Shares outstanding. As of Dec 30, 2019, the second largest holder is Norges Bank Investment Management with 2.21 million shares valued at $4.65 million to account for 2.74% of the shares outstanding. The other top investors are Royce & Associates LP which holds 1.12 million shares representing 1.39% and valued at over $2.79 million, while Dimensional Fund Advisors LP holds 0.62% of the shares totaling 0.5 million with a market value of $1.25 million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Ceragon Networks Ltd. (CRNT): Who are the competitors?

The company’s main competitors (and peers) include CalAmp Corp. (CAMP) that is trading 9.09% up over the past 12 months. Aviat Networks Inc. (AVNW) is 150.11% up on the 1-year trading charts. Short interest in the company’s stock has risen 14.64% from the last report on Nov 29, 2020 to stand at a total of 0.41 million short shares sold with a short interest ratio of 0.72.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free