Ceragon Networks (CRNT) Projected to Post Earnings on Tuesday

Ceragon Networks (NASDAQ:CRNT) is expected to release its Q1 2025 earnings data before the market opens on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $87.01 million for the quarter.

Ceragon Networks Price Performance

CRNT opened at $2.15 on Tuesday. The stock’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $3.40. The firm has a market cap of $191.20 million, a price-to-earnings ratio of 7.96 and a beta of 1.60. Ceragon Networks has a 1 year low of $1.95 and a 1 year high of $5.73.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CRNT shares. Craig Hallum started coverage on shares of Ceragon Networks in a research note on Thursday, March 13th. They issued a “buy” rating and a $5.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $6.00 price objective on shares of Ceragon Networks in a research report on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Ceragon Networks from a “hold” rating to a “buy” rating in a report on Wednesday, April 9th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $6.38.

Ceragon Networks Company Profile

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.