Ceragon Networks Ltd. (CRNT)

NASDAQ: CRNT · IEX Real-Time Price · USD
2.10
+0.02 (0.96%)
Feb 1, 2023, 10:59 AM EST - Market open
0.96%
Market Cap 176.96M
Revenue (ttm) 297.40M
Net Income (ttm) -16.88M
Shares Out 84.27M
EPS (ttm) -0.21
PE Ratio n/a
Forward PE 15.08
Dividend n/a
Ex-Dividend Date n/a
Volume 35,715
Open 2.09
Previous Close 2.08
Day's Range 2.09 - 2.11
52-Week Range 1.53 - 2.87
Beta 1.28
Analysts Buy
Price Target 5.74 (+173.33%)
Earnings Date Feb 8, 2023

About CRNT

Ceragon Networks Ltd. provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network. The company also uses microwave technology for ultra-high speed, ultra-low latency communication for wireless 5G and 4G, 3G, and other cellular base stations. In addition, it provides IP-20 all-outdoor solutio... [Read more]

Sector Technology
IPO Date Aug 4, 2000
Employees 1,006
Stock Exchange NASDAQ
Ticker Symbol CRNT
Full Company Profile

Financial Performance

In 2021, CRNT's revenue was $290.77 million, an increase of 10.61% compared to the previous year's $262.88 million. Losses were -$14.83 million, -13.25% less than in 2020.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CRNT stock is "Buy." The 12-month stock price forecast is $5.74, which is an increase of 173.33% from the latest price.

Price Target
$5.74
(173.33% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CERAGON NETWORKS ANNOUNCES DATE FOR FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS

ROSH HA'AIN, Israel, Jan. 26, 2023 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will rele...

5 days ago - PRNewsWire

Here Is Why Bargain Hunters Would Love Fast-paced Mover Ceragon (CRNT)

Ceragon (CRNT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still tradin...

1 month ago - Zacks Investment Research

3 Wireless Non-US Stocks Likely to Ride on the 5G Bandwagon

The accelerated pace of 5G deployment should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. AMX, ORAN and CRNT are well-positioned to make the most of the demand for seam...

Other symbols: AMXORAN
2 months ago - Zacks Investment Research

Ceragon Networks (CRNT) Beats Q3 Earnings and Revenue Estimates

Ceragon (CRNT) delivered earnings and revenue surprises of 600% and 3.51%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

CERAGON NETWORKS REPORTS 2022 THIRD QUARTER FINANCIAL RESULTS

Q3 2022 Financial Highlights: Revenues of $78.6 million Gross margin of 35.3% on a GAAP basis, or 35.5% on a non-GAAP basis Operating Income of $ 1.3 million on a GAAP basis, or $ 6 . 4 million on a n...

3 months ago - PRNewsWire

CERAGON NETWORKS ANNOUNCES DATE FOR THIRD QUARTER 2022 FINANCIAL RESULTS

ROSH HA'AIN, Israel , Oct. 24, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will rel...

3 months ago - PRNewsWire

Airtel Contracts Ceragon for E-band and Multi-band Vendor Agnostic Solutions for 5G Network Roll-out

NEW DELHI and ROSH HA'AIN, Israel , Oct. 11, 2022 /PRNewswire/ -- Bharti Airtel ("Airtel"), India's leading telecommunications services provider has contracted Ceragon Networks Ltd. (NASDAQ: CRNT) for...

4 months ago - PRNewsWire

Tier 1 Pacific Rim Operator Signs Multi-Year Contract with Ceragon Networks to Extend and Strengthen its Nationwide 4G and 5G Coverage

The Operator will leverage Ceragon's microwave and millimeter wave solutions, SDN Suite, as well as turn-key services to ensure reliable connectivity – contract valued at a potential of over $44 milli...

4 months ago - PRNewsWire

Ceragon's Board Nominates Efrat Makov to the Board of Directors

Yael Langer Has Decided to Resign from the Board at the Company's 2022 Annual General Meeting of Shareholders Upon the Election of Ms. Makov, Four of the Company's Five Independent Directors Will Have...

5 months ago - PRNewsWire

Down 11.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Ceragon (CRNT)

Ceragon (CRNT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising e...

5 months ago - Zacks Investment Research

Ceragon Shareholders Overwhelmingly Reject Aviat's Attempt to Take Control of the Company by Voting AGAINST ALL of Aviat's Proposals at the 2022 Extraordinary General Meeting

Less than 15% of Shares Outstanding Supported Aviat's Director Nominees Excluding Aviat's Stake, Less Than 10% of Shares Outstanding Supported Aviat's Director Nominees ROSH HA'AYIN, Israel , Aug. 23,...

Other symbols: AVNW
5 months ago - PRNewsWire

3 Wireless Non-US Industry Stocks to Keep an Eye On

The accelerated pace of 5G deployment should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. KT, PHI and CRNT are well-positioned to make the most of the demand for seamle...

Other symbols: KTPHI
5 months ago - Zacks Investment Research

Independent Proxy Advisor Egan-Jones Joins ISS in Recommending Shareholders Vote "AGAINST" All Aviat Director Nominees

Egan-Jones and ISS Both Conclude that Aviat's Revised Indication of Interest Significantly Undervalues Ceragon and is a Low-Ball Offer Ceragon Urges Shareholders to Vote "AGAINST" All Proposals on the...

5 months ago - PRNewsWire

Independent Proxy Advisory Firm Glass Lewis Recommends that Ceragon Shareholders Vote for Change

Raises Concerns About Board's "Objectivity and Independence" and Questions its "Ability to Perform its Proper Oversight Role" Recognizes Ceragon's track record of underperformance and questions standa...

Other symbols: AVNW
5 months ago - PRNewsWire

Ceragon Urges Shareholders to Vote AGAINST Aviat's Attempt to Take Control of the Board on the WHITE Proxy Card TODAY

Deadline for voting by proxy is 4:00 pm Israel time on August 22, 2022 ROSH HA'AIN, Israel , Aug. 18, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), a global i...

5 months ago - PRNewsWire

Here's Why Ceragon (CRNT) Looks Ripe for Bottom Fishing

After losing some value lately, a hammer chart pattern has been formed for Ceragon (CRNT), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisio...

6 months ago - Zacks Investment Research

A Top Tier North American Operator Selects Ceragon Networks for Large Expansion Project

The multi-million-dollar turnkey project award includes managed services, and leverages Ceragon's CeraOptimizer Software ROSH HA'AIN, Israel , Aug. 17, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASD...

6 months ago - PRNewsWire

Aviat Networks Sends Letter Urging Fellow Shareholders of Ceragon Networks to Vote on the GOLD Proxy Card Before Time Runs Out

Ceragon Shareholders Face a Crucial Decision: Support the Current Board's Entrenched Directors and Failed Strategy or Elect New Independent Directors to Help Create Value for All Shareholders AUSTIN, ...

Other symbols: AVNW
6 months ago - PRNewsWire

Why Fast-paced Mover Ceragon (CRNT) Is a Great Choice for Value Investors

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Ceragon (CRNT) could be a great choice. It is one of the several stocks that passed ...

6 months ago - Zacks Investment Research

Ceragon Networks Appoints Ronen Stein as Chief Financial Officer

Company hires financial and M&A veteran Ronen Stein to help accelerate growth and profitability ROSH HA'AIN, Israel , Aug. 15, 2022 /PRNewswire/ --  Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or ...

6 months ago - PRNewsWire

Aviat Networks Issues Open Letter to Ceragon Networks Shareholders to Correct the Latest False Claims and Mischaracterizations from the Ceragon Board

Aviat urges shareholders to vote on the GOLD proxy card for ALL FIVE Aviat nominees to elect directors who will support near- and long-term value creation at Ceragon AUSTIN, Texas , Aug. 11, 2022 /PRN...

Other symbols: AVNW
6 months ago - PRNewsWire

Leading Independent Proxy Advisor ISS Recommends Vote AGAINST All Aviat Director Nominees

ISS Reinforces Ceragon's Concerns Regarding Valuation and Certainty ISS States: "[Aviat's] offer lacks the certainty seen in typical M&A proxy contests." Ceragon Urges Shareholders to Vote "AGAINST" A...

6 months ago - PRNewsWire

Independent Proxy Advisory Firm ISS Recognizes the Need for Board Change at Ceragon to Ensure a "More Fulsome Evaluation of Strategic Alternatives"

ISS calls out the Ceragon Board's passive approach and that "lack of clear progress" could send CRNT stock lower in the absence of a transaction Also notes Ceragon's track record of underperformance r...

Other symbols: AVNW
6 months ago - PRNewsWire

Ceragon's Board Unanimously Rejects Aviat's Revised Indication of Interest

Revised IOI Continues to Significantly Undervalue Ceragon and Remains Highly Conditional Ceragon Urges its Shareholders to Protect Their Investment by Voting the WHITE Proxy Card AGAINST Aviat's Attem...

Other symbols: AVNW
6 months ago - PRNewsWire

Ceragon Confirms Receipt of Revised Non-binding Indication of Interest from Aviat Networks

Shareholders are Not Required to Take any Action at this Time ROSH HA'AIN, Israel , Aug. 3, 2022 /PRNewswire/ --  Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company"), the global innovato...

6 months ago - PRNewsWire