Wall Street Zen Upgrades Ceragon Networks (NASDAQ:CRNT) to “Strong-Buy”

Ceragon Networks (NASDAQ:CRNT) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also weighed in on the company. Needham & Company LLC upped their target price on Ceragon Networks from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings downgraded Ceragon Networks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, August 19th. Finally, Zacks Research upgraded shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $3.88.

Ceragon Networks Trading Up 8.1%

Shares of NASDAQ CRNT opened at $2.28 on Friday. The stock has a market cap of $207.23 million, a P/E ratio of -76.00 and a beta of 1.36. The stock has a 50 day moving average of $2.08 and a two-hundred day moving average of $2.32. Ceragon Networks has a twelve month low of $1.85 and a twelve month high of $3.29.

Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings data on Thursday, November 5th. The communications equipment provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $95.52 million during the quarter, compared to analyst estimates of $94.40 million. Ceragon Networks had a negative net margin of 0.95% and a positive return on equity of 2.74%. As a group, research analysts predict that Ceragon Networks will post 0.10 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. First Wilshire Securities Management Inc. raised its position in shares of Ceragon Networks by 18.0% in the 1st quarter. First Wilshire Securities Management Inc. now owns 4,854,150 shares of the communications equipment provider’s stock valued at $10,485,000 after purchasing an additional 740,358 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Ceragon Networks during the first quarter valued at $911,000. Renaissance Technologies LLC raised its stake in Ceragon Networks by 13.7% during the 1st quarter. Renaissance Technologies LLC now owns 214,500 shares of the communications equipment provider’s stock valued at $463,000 after purchasing an additional 25,800 shares during the last quarter. Aristides Capital LLC boosted its position in Ceragon Networks by 15.5% in the 1st quarter. Aristides Capital LLC now owns 162,963 shares of the communications equipment provider’s stock valued at $352,000 after buying an additional 21,833 shares during the last quarter. Finally, R Squared Ltd boosted its position in Ceragon Networks by 10.9% during the 3rd quarter. R Squared Ltd now owns 63,465 shares of the communications equipment provider’s stock worth $131,000 after acquiring an additional 6,256 shares during the last quarter. 13.31% of the stock is currently owned by institutional investors.

Trending Headlines about Ceragon Networks

Here are the key news stories impacting Ceragon Networks this week:

• Positive Sentiment: Q3 results topped estimates. Ceragon reported revenue of $95.5 million, up 11.7% year over year and above the $94.4 million consensus. Non-GAAP EPS was $0.07, beating the $0.04 estimate. Improved revenue mix lifted gross margin by 430 basis points sequentially, and the company generated $14.1 million in cash from operations. Growth included stronger demand in India and a North American rebound. Read More.
• Positive Sentiment: Needham raised its price target and reiterated a Buy rating. The firm lifted its target from $3.00 to $3.50, signaling increased analyst optimism about CRNT’s prospects. Read More.
• Neutral Sentiment: FY 2026 revenue guidance is close to consensus. Ceragon forecast revenue of $365 million to $375 million, a range that includes the $369 million analyst estimate; the guidance therefore does not indicate a clear material surprise versus expectations. Read More.

About Ceragon Networks

Ceragon Networks Ltd. (NASDAQ: CRNT) is a telecommunications equipment and solutions provider headquartered in Israel. The company develops wireless transport systems that help communications service providers connect mobile networks, broadband infrastructure and other distributed sites without relying solely on fiber-optic connections.

Its product portfolio includes microwave and millimeter-wave radio systems, packet microwave solutions, antennas, network management software and related services.