Stocks of Ceragon Networks Ltd (NASDAQ:CRNT) traded higher last session on Wall Street, down -21.46% to $3.77.
CRNT stock price is now -19.13% away from the 50-day moving average and 18.01% away from the 200-day moving average. The market capitalization of the company currently stands at $323.73M.
With the price target of $4.50, ROTH MKM recently initiated with Buy rating for Ceragon Networks Ltd (NASDAQ: CRNT). On September 16, 2021, Aegis Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $6, while ‘Needham’ rates the stock as ‘Buy’
In other news, Ripstein David, Director bought 7,070 shares of the company’s stock on Dec 13 ’24. The stock was bought for $33,512 at an average price of $4.74. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Director Makov Efrat bought 10,000 shares of the business’s stock. A total of $45,000 was incurred on buying the stock at an average price of $4.50. A total of 20.46% of the company’s stock is owned by insiders.
During the past 12 months, Ceragon Networks Ltd has had a low of $2.33 and a high of $5.73. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.72, and a quick ratio of 1.33. The fifty day moving average price for CRNT is $4.6688 and a two-hundred day moving average price translates $3.1893 for the stock.
The latest earnings results from Ceragon Networks Ltd (NASDAQ: CRNT) was released for 2024-06-30. The net profit margin was 6.10% and return on equity was 16.02% for CRNT. The company reported revenue of $102.67 million for the quarter, compared to $87.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.66 percent. For the current quarter, analysts expect CRNT to generate $92.48M in revenue.
