Ceragon Networks Ltd (NASDAQ: CRNT) on Monday, soared 4.12% from the previous trading day, before settling in for the closing price of $2.43. Within the past 52 weeks, CRNT’s price has moved between $1.66 and $3.38.
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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%. The company achieved an average annual earnings per share of 57.50%. 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
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Ceragon Networks Ltd is 20.46%, while institutional ownership is 14.98%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.04 earnings per share (EPS) for the period topping the consensus outlook (set at 0.03) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 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
Ceragon Networks Ltd (CRNT) is currently performing well based on its current performance indicators. A quick ratio of 1.23 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.60. Likewise, its price to free cash flow for the trailing twelve months is 9.75.
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 0.44 million, its volume of 0.53 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 50.19%. Additionally, its Average True Range was 0.09.
During the past 100 days, Ceragon Networks Ltd’s (CRNT) raw stochastic average was set at 27.15%, which indicates a significant decrease from 71.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.52% in the past 14 days, which was lower than the 39.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.61, while its 200-day Moving Average is $2.73. Nevertheless, the first resistance level for the watch stands at $2.59 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 $2.73. If the price goes on to break the first support level at $2.45, it is likely to go to the next support level at $2.37. Should the price break the second support level, the third support level stands at $2.31.
Ceragon Networks Ltd (NASDAQ: CRNT) Key Stats
Market capitalization of the company is 218.15 million based on 85,418K outstanding shares. Right now, sales total 347,180 K and income totals 6,220 K. The company made 96,090 K in profit during its latest quarter, and 7,830 K in sales during its previous quarter.
