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<img src = "https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?w=250&zc=1&src=https://www.marketbeat.com/logos/ceragon-networks- Ceragon Networks has been downgraded by BidaskClub stock badysts from a "buy" rating to a "" The "hold" rating has been downgraded from 15,000 to 20,000. Cerado Networks (NASDAQ: CRNT) published Friday in a research note published by investors
Needham & Company LLC increased its price target from $ 3.60 to $ 4.40 and gave the title a "buy" On Monday, June 25, TheStreet has worn Ceragon Networks from a "c +" rating to a "b-" rating in a report released on Friday, June 8, 2006. ValuEngine lowered Ceragon Networks from a "buy" rating to a "hold" " Note in a report on Saturday, June 2, 2006. Zacks Investment Research lowered Ceragon Networks from a "hold" rating to a "sell" rating in a report from Thursday, May 10. To finish, Oppenheimer reissued a "hold" ratingOn shares of Ceragon Networks in a report on Monday, May 7 An badyst rated the stock with a sales note, four attributed a blocking rating and one attributed a purchase note to the company. 39; action. Ceragon Networks currently has an average rating of "Hold" and a consensus target price of $ 3.30.
Ceragon Networks opened Friday at $ 3.69, reports Marketbeat. The stock has a market capitalization of $ 267.24 million, a price / earnings ratio of 20.50, a price / earnings ratio of 1.20 and a beta of 0.65. Ceragon Networks has a twelve-month low of $ 1.64 and a twelve-month high of $ 4.15.
Ceragon Networks (NASDAQ: CRNT) last released its quarterly results on Monday, May 7th. The communications equipment provider reported EPS of $ 0.04 for the quarter, exceeding the consensus estimate of Thomson Reuters by $ 0.01 by $ 0.03. Ceragon Networks reported a return on equity of 12.82% and a net margin of 5.23%. The company achieved a turnover of $ 83.28 million during the quarter, compared with $ 79.75 million for badysts. Equity research badysts expect Ceragon Networks to post earnings per share of 0.19 for the current year.
A number of major investors have recently added or reduced their holdings in the stock. Millennium Management LLC raised its position in Ceragon Networks by 3 318.8% in the first quarter. Millennium Management LLC now holds 992,076 shares of the $ 2,669,000 communications equipment provider after purchasing 963,058 additional shares in the last quarter. First Wilshire Securities Management Inc. raised its position in Ceragon Networks by 17.4% in the first quarter. First Wilshire Securities Management Inc. now holds 782,365 shares of the $ 2.15 million communications equipment provider after purchasing 116,165 additional shares during the last quarter. Barclays PLC acquired a new stake in Ceragon Networks in the 1st quarter valued at approximately $ 233,000. Claraphi Advisory Network LLC has purchased a new stake in Ceragon Networks in the 1st quarter worth approximately $ 129,000. Lastly, Lombard Odier SCMA acquired a new stake in Ceragon Networks in the first quarter, valued at approximately $ 175,000. Institutional investors hold 20.15% of the shares of the company.
Company Profile Ceragon Networks
Ceragon Networks Ltd. provides wireless link solutions that enable cellular operators and other wireless service providers to provide voice and data services around the world. Its wireless link solutions use microwave radio technology to transfer telecommunication traffic between base stations, small sales and the core of the service provider's network.
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