On Monday, Ceragon Networks Ltd (NASDAQ: CRNT) opened higher 4.45% from the last session, before settling in for the closing price of $2.47. Price fluctuations for CRNT have ranged from $1.62 to $3.38 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 0.97%. Company’s average yearly earnings per share was noted 57.50% at the time writing. With a float of $68.30 million, this company’s outstanding shares have now reached $85.42 million.
Considering the fact that the conglomerate employs 1407 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 34.92%, operating margin of 8.02%, and the pretax margin is 4.28%.
Ceragon Networks Ltd (CRNT) Insider Activity
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Ceragon Networks Ltd is 20.46%, while institutional ownership is 14.94%. The most recent insider transaction that took place on Sep 05 ’24, was worth 117,835. Before that another transaction happened on Aug 27 ’24, when Company’s Regional President North Ameri proposed sale 33,036 for $3.01, making the entire transaction worth $99,438.
Ceragon Networks Ltd (CRNT) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.04 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.03) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 57.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -24.32% drop over the previous five years of trading.
Ceragon Networks Ltd (NASDAQ: CRNT) Trading Performance Indicators
Check out the current performance indicators for Ceragon Networks Ltd (CRNT). In the past quarter, the stock posted a quick ratio of 1.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.61. Likewise, its price to free cash flow for the trailing twelve months is 9.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.12, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Ceragon Networks Ltd (CRNT)
Compared to the last year’s volume of 0.43 million, its volume of 0.38 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 28.99%. Additionally, its Average True Range was 0.08.
During the past 100 days, Ceragon Networks Ltd’s (CRNT) raw stochastic average was set at 31.51%, which indicates a significant decrease from 60.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.88% in the past 14 days, which was lower than the 39.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.71, while its 200-day Moving Average is $2.74. Nevertheless, the first resistance level for the watch stands at $2.62 in the near term. At $2.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.71. If the price goes on to break the first support level at $2.53, it is likely to go to the next support level at $2.47. Should the price break the second support level, the third support level stands at $2.44.
Ceragon Networks Ltd (NASDAQ: CRNT) Key Stats
There are currently 85,418K shares outstanding in the company with a market cap of 221.54 million. Presently, the company’s annual sales total 347,180 K according to its annual income of 6,220 K. Last quarter, the company’s sales amounted to 96,090 K and its income totaled 7,830 K.
