Ceragon Networks Achieves Record Energy Sector Deals
TipRanks (Thu, 2-May 7:27 AM ET)
Ceragon records nearly $10 million in energy sector quarterly bookings
Seeking Alpha News (Thu, 2-May 7:24 AM ET)
Ceragon Records Nearly $10 Million Quarter Booking for Energy Sector
PRNewswire (Thu, 2-May 6:00 AM ET)
PRNewswire (Wed, 24-Apr 6:00 AM ET)
Ceragon Networks to Participate in the 36th Annual Roth Conference
PRNewswire (Mon, 26-Feb 6:00 AM ET)
Ceragon Reports 20% Growth in the Fourth Quarter of 2023; Exceeds Full-Year 2023 Guidance
PRNewswire (Tue, 20-Feb 7:12 AM ET)
Ceragon Networks Set to Deliver Multiple Industry-First Innovations at MWC 2024
PRNewswire (Thu, 15-Feb 7:00 AM ET)
PRNewswire (Mon, 5-Feb 7:00 AM ET)
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.
Ceragon Networks Ltd. - trades on the NASDAQ stock market under the symbol CRNT.
As of May 2, 2024, CRNT stock price climbed to $2.86 with 593,654 million shares trading.
CRNT has a beta of 0.96, meaning it tends to be less sensitive to market movements. CRNT has a correlation of 0.09 to the broad based SPY ETF.
CRNT has a market cap of $244.69 million. This is considered a Small Cap stock.
Last quarter Ceragon Networks Ltd. - reported $90 million in Revenue and $.04 earnings per share. This beat revenue expectation by $6 million and exceeded earnings estimates by $.01.
In the last 3 years, CRNT stock traded as high as $4.33 and as low as $1.53.
The top ETF exchange traded funds that CRNT belongs to (by Net Assets): FDLS, PRFZ, GWX, DFAX, AVSD.
CRNT has outperformed the market in the last year with a price return of +52.9% while the SPY ETF gained +23.2%. CRNT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +18.2% and +2.5%, respectively, while the SPY returned +3.6% and +0.9%, respectively.
CRNT support price is $2.69 and resistance is $2.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CRNT stock will trade within this expected range on the day.