49 institutions hold shares in Ceragon Networks Ltd. (CRNT), with 19.83M shares held by insiders accounting for 24.32% while institutional investors hold 17.06% of the company’s shares. The shares outstanding are 81.54M, and float is at 61.44M with Short Float at 2.16%. Institutions hold 12.91% of the Float.
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The top institutional shareholder in the company is Renaissance Technologies, LLC with over 3.32 million shares valued at $9.24 million. The investor’s holdings represent 4.12% of the CRNT Shares outstanding. As of Dec 30, 2020, the second largest holder is Royce & Associates LP with 1.14 million shares valued at $3.18 million to account for 1.42% of the shares outstanding. The other top investors are ARK Investment Management, LLC which holds 0.65 million shares representing 0.81% and valued at over $1.82 million, while Dimensional Fund Advisors LP holds 0.62% of the shares totaling 0.5 million with a market value of $1.39 million.
Ceragon Networks Ltd. (NASDAQ: CRNT) is 81.65% 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 question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRNT stock was last observed hovering at around $5.03 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $6.50 for the next 12 months. It is also 22.31% off the consensus price target high of $6.50 offered by 2 analysts, but current levels are 22.31% higher than the price target low of $6.50 for the same period.
Currently trading at $5.05, the stock is -0.95% and 26.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.29 million and changing 0.40% at the moment leaves the stock 82.12% off its SMA200. CRNT registered 163.02% gain for a year compared to 6-month gain of 102.00%. The firm has a 50-day simple moving average (SMA 50) of $4.58 and a 200-day simple moving average (SMA200) of $3.00.
The stock witnessed a -2.13% loss in the last 1 month and extending the period to 3 months gives it a 109.54%, and is -15.83% 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 9.34% over the week and 9.61% over the month.
Ceragon Networks Ltd. (CRNT) has around 1042 employees, a market worth around $412.13M and $262.90M in sales. Fwd P/E is 34.83. Profit margin for the company is -6.50%. Distance from 52-week low is 410.10% and -26.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.70%).
Ceragon Networks Ltd. (CRNT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Ceragon Networks Ltd. (CRNT) is a “Hold”. 2 analysts offering their recommendations for the stock have an average rating of 3.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Ceragon Networks Ltd. is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $64.55M over the same period.The EPS is expected to shrink by -621.50% this year, but quarterly earnings will post 7.80% year-over-year. Quarterly sales are estimated to grow 15.50% in year-over-year returns.
Ceragon Networks Ltd. (CRNT): Who are the competitors?
The company’s main competitors (and peers) include CalAmp Corp. (CAMP) that is trading 5.48% up over the past 12 months. Aviat Networks Inc. (AVNW) is 426.50% up on the 1-year trading charts. Short interest in the company’s stock has risen 63.28% from the last report on Dec 30, 2020 to stand at a total of 0.48 million short shares sold with a short interest ratio of 0.19.