Ceragon Networks (NASDAQ:CRNT) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Ceragon Networks (NASDAQ:CRNT) had its price objective lifted by stock analysts at Needham & Company LLC from $3.00 to $3.50 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Needham & Company LLC‘s price objective indicates a potential upside of 53.51% from the stock’s previous close.

A number of other brokerages have also recently weighed in on CRNT. Zacks Research upgraded shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Ceragon Networks from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Weiss Ratings cut shares of Ceragon Networks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ceragon Networks currently has an average rating of “Moderate Buy” and a consensus target price of $3.88.

Ceragon Networks Stock Performance

Shares of CRNT traded up $0.17 during mid-day trading on Thursday, reaching $2.28. 1,288,794 shares of the company’s stock traded hands, compared to its average volume of 344,520. The business’s 50-day moving average price is $2.08 and its 200-day moving average price is $2.32. The stock has a market capitalization of $207.23 million, a P/E ratio of -76.00 and a beta of 1.36. Ceragon Networks has a 12 month low of $1.85 and a 12 month high of $3.29.

Ceragon Networks (NASDAQ:CRNT) last posted its earnings results on Thursday, November 5th. The communications equipment provider reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $95.52 million for the quarter, compared to analysts’ expectations of $94.40 million. Ceragon Networks had a positive return on equity of 2.74% and a negative net margin of 0.95%. Equities research analysts anticipate that Ceragon Networks will post 0.10 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. First Wilshire Securities Management Inc. lifted its holdings in 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 acquiring an additional 740,358 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Ceragon Networks in the first quarter worth approximately $911,000. Seven Mile Advisory bought a new position in shares of Ceragon Networks in the third quarter valued at $90,000. Renaissance Technologies LLC increased its holdings in shares of Ceragon Networks by 13.7% in the first quarter. Renaissance Technologies LLC now owns 214,500 shares of the communications equipment provider’s stock valued at $463,000 after buying an additional 25,800 shares in the last quarter. Finally, R Squared Ltd increased its holdings in shares of Ceragon Networks by 71.3% in the first quarter. R Squared Ltd now owns 55,838 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 23,234 shares in the last quarter. 13.31% of the stock is owned by institutional investors and hedge funds.

Ceragon Networks News Roundup

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.