Ceragon Networks
CRNT

$2.77

4.15%

Market Cap: $237M

About: Ceragon Networks Ltd is a wireless transport company in terms of unit shipments and global distribution of its business, providing high-capacity wireless connectivity solutions to global markets across various industries, mainly wireless (mobile) networks service providers. Geographically the company generates the major revenue from India. The company also has presence in North America, Europe, Africa, Asia-Pacific and Middle East, and Latin America. The company's products include IP-50 Platform, IP-20 Platform, Pointlink.

Employees: 1,046

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

33% more call options, than puts

Call options by funds: $432K | Put options by funds: $326K

26% more repeat investments, than reductions

Existing positions increased: 24 | Existing positions reduced: 19

0.1% less ownership

Funds ownership: 14.99% [Q1] → 14.89% (-0.1%) [Q2]

3% less funds holding

Funds holding: 73 [Q1] → 71 (-2) [Q2]

20% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 10

21% less capital invested

Capital invested by funds: $40.5M [Q1] → $31.8M (-$8.62M) [Q2]

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$5.25

90%

upside

Avg. target

$5.25

90%

upside

High target

$5.25

90%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Needham

Alex Henderson

72% 1-year accuracy

46 / 64 met price target

90%upside

$5.25

Buy

Reiterated

8 Aug 2024

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Financial journalist opinion

Based on 3 articles about CRNT published over the past 30 days

Zacks Investment Research

Ceragon (CRNT) Is Attractively Priced Despite Fast-paced Momentum

Ceragon (CRNT) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Ceragon (CRNT) Is Attractively Priced Despite Fast-paced Momentum

Ceragon to Participate at Lake Street Best Ideas Growth Conference on September 12, 2024

ROSH HA'AIN, Israel , Aug. 28, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced that management will participate at the Lake Street Capital Markets 8th Annual Best Ideas Growth "Big8" Conference in New York City. Doron Arazi, CEO, will host one-on-one meetings with institutional investors, discussing the company's growth strategy and its effort to unlock operating leverage in its business model.

Ceragon to Participate at Lake Street Best Ideas Growth Conference on September 12, 2024

Zacks Investment Research

Ceragon (CRNT) Shows Fast-paced Momentum But Is Still a Bargain Stock

Ceragon (CRNT) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Ceragon (CRNT) Shows Fast-paced Momentum But Is Still a Bargain Stock

Ceragon Networks Ltd. (CRNT) Q2 2024 Earnings Call Transcript

Ceragon Networks Ltd. (NASDAQ:CRNT ) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Rob Fink - Head of Investor Relations Doron Arazi - Chief Executive Officer Ronen Stein - Chief Financial Officer Conference Call Participants Alex Henderson - Needham & Company Robert Marson - TB Partners Operator Ladies and gentlemen, thank you for standing by and welcome to Ceragon Networks Earnings Call.

Ceragon Networks Ltd. (CRNT) Q2 2024 Earnings Call Transcript

Ceragon Reports 11.5% Increase in Quarterly Revenue, GAAP EPS of $0.09 Per Share in the Second Quarter

Significant Penetration into Private Networks Management Reiterates Full-Year 2024 Outlook ROSH HA'AIN, Israel , Aug. 7, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), the leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the second quarter period ended June 30, 2024. Q2 2024 Financial Highlights: Revenues of $96.1 million Operating income of $10.4 million on a GAAP basis, or $13.1 million on a non-GAAP basis Net Income of $7.8 million on a GAAP basis, and net income of $9.9 million on a non-GAAP basis EPS of $0.09 per diluted share on a GAAP basis, or $0.11 per diluted share on a non-GAAP basis Q2 202 4 Business Highlights: India: - Record quarterly revenues since Q2 2018, including revenue from the new, top-tier customer- Substantial ramp up in demand for new IP-50CX product, with more than 20,000 radio units delivered North America: - Bookings remain strong, supported by Private Network wins- Significant Private Network orders, including nine new customers- Six consecutive quarters of revenue above $20 million Doron Arazi, CEO, commented: "Our stated strategy of diversifying our business by expanding our presence with private networks has been successful.

Ceragon Reports 11.5% Increase in Quarterly Revenue, GAAP EPS of $0.09 Per Share in the Second Quarter

Ceragon to Announce Second Quarter 2024 Financial Results and Host Investor Conference Call on August 7, 2024

ROSH HA'AIN, Israel , July 24, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m.

Ceragon to Announce Second Quarter 2024 Financial Results and Host Investor Conference Call on August 7, 2024

Ceragon's New Smart Activation Key Software Gains Significant Adoption, Enabling SaaS Models and Recurring Revenue Streams

Tens of Thousands of Smart Activation Key Licenses Ordered in H1 as Part of Ceragon Equipment Purchases ROSH HA'AIN, Israel , July 23, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced a significant milestone in its transition toward a more durable, recurring revenue model. The shift from a hardware-centric business to one that integrates Software as a Service (SaaS) is well underway.

Ceragon's New Smart Activation Key Software Gains Significant Adoption, Enabling SaaS Models and Recurring Revenue Streams

Leading American ISP Orders Siklu by Ceragon E-Band Product in Multi-Million Dollar Deal to Expand Network Coverage

Ceragon to deliver almost one thousand new E-Band links to leading ISP in 2024 ROSH HA'AIN, Israel , July 9, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced a multi-million-dollar order from a leading American Internet Service Provider (ISP).

Leading American ISP Orders Siklu by Ceragon E-Band Product in Multi-Million Dollar Deal to Expand Network Coverage

Ceragon Networks Is Reviving Growth

Ceragon Networks is a leading provider of wireless transport solutions for mobile network service providers in the US and India, with growth expected from new projects. The company offers innovative products like the IP-20 and IP-50 platforms, focusing on high-capacity wireless connectivity solutions. Ceragon's recent acquisition of Siklu has boosted its presence in the private networks segment, leading to increased bookings and revenue growth opportunities.

Ceragon Networks Is Reviving Growth

Zacks Investment Research

3 Wireless Non-US Stocks to Buy Despite Industry Challenges

The fast-track 5G rollout and solid wireless traction should help the Zacks Wireless Non-US industry thrive despite short-term headwinds. SKM, KT and CRNT are well-positioned to make the most of the demand for seamless connectivity solutions.

3 Wireless Non-US Stocks to Buy Despite Industry Challenges

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