Ceragon Networks Ltd (NASDAQ: CRNT) closed the day trading at $2.99 down -1.97% from the previous closing price of $3.05. In other words, the price has decreased by -$0.0600 from its previous closing price. On the day, 828663 shares were traded. CRNT stock price reached its highest trading level at $3.1200 during the session, while it also had its lowest trading level at $2.9401.
Ratios:
For a better understanding of CRNT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.12 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Aegis Capital on September 16, 2021, initiated with a Buy rating and assigned the stock a target price of $6.
On May 04, 2021, Needham Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $4.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRNT now has a Market Capitalization of 252.33M and an Enterprise Value of 274.30M. As of this moment, Ceragon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.02, and their Forward P/E ratio for the next fiscal year is 7.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 0.79 whereas that against EBITDA is 8.80.
Stock Price History:
Over the past 52 weeks, CRNT has reached a high of $3.07, while it has fallen to a 52-week low of $1.55. The 50-Day Moving Average of the stock is 2.4288, while the 200-Day Moving Average is calculated to be 2.0408.
Shares Statistics:
Over the past 3-months, CRNT traded about 485.70K shares per day on average, while over the past 10 days, CRNT traded about 918.93k shares per day. A total of 84.35M shares are outstanding, with a floating share count of 65.85M. Insiders hold about 21.98% of the company’s shares, while institutions hold 13.35% stake in the company. Shares short for CRNT as of Jan 31, 2024 were 199.58k with a Short Ratio of 0.41, compared to 123.77k on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 0.24% and a Short% of Float of 0.26%.
Earnings Estimates
Current recommendations for the stock of the company come from 0 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was $0.02. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0.18 and $0.18 for the fiscal current year, implying an average EPS of $0.18. EPS for the following year is $0, with 0 analysts recommending between $0 and $0.
Revenue Estimates
1 analysts predict $87.41M in revenue for the current quarter. It ranges from a high estimate of $87.41M to a low estimate of $87.41M. As of the current estimate, Ceragon Networks Ltd’s year-ago sales were $83.41M, an estimated increase of 4.80% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $98.11M, an increase of 13.90% over than the figure of $4.80% in the same quarter last year. There is a high estimate of $98.11M for the next quarter, whereas the lowest estimate is $98.11M.
A total of 1 analysts have provided revenue estimates for CRNT’s current fiscal year. The highest revenue estimate was $394.13M, while the lowest revenue estimate was $394.13M, resulting in an average revenue estimate of $394.13M. In the same quarter a year ago, actual revenue was $347.18M, up 13.50% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $418.74M in the next fiscal year. The high estimate is $418.74M and the low estimate is $418.74M. The average revenue growth estimate for next year is up 6.20% from the average revenue estimate for this year.
