A new trading day began on Friday, with Ceragon Networks Ltd (NASDAQ: CRNT) stock price up 14.55% from the previous day of trading, before settling in for the closing price of $3.23. CRNT’s price has ranged from $1.75 to $3.38 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 0.97% over the last five years. Meanwhile, its annual earnings per share averaged 77.50%. With a float of $68.30 million, this company’s outstanding shares have now reached $85.42 million.
The firm has a total of 1407 workers. Let’s measure their productivity. In terms of profitability, gross margin is 34.73%, operating margin of 9.8%, and the pretax margin is 6.19%.
Ceragon Networks Ltd (CRNT) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Communication Equipment Industry. The insider ownership of Ceragon Networks Ltd is 20.46%, while institutional ownership is 16.71%. The most recent insider transaction that took place on Nov 21 ’24, was worth 19,370. Before that another transaction happened on Nov 21 ’24, when Company’s Officer proposed sale 30,937 for $3.19, making the entire transaction worth $98,689.
Ceragon Networks Ltd (CRNT) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 77.50% 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
Here are Ceragon Networks Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.32. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.96. Likewise, its price to free cash flow for the trailing twelve months is 16.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.22, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.41 in one year’s time.
Technical Analysis of Ceragon Networks Ltd (CRNT)
Analysing the last 5-days average volume posted by the [Ceragon Networks Ltd, CRNT], we can find that recorded value of 1.49 million was better than the volume posted last year of 0.48 million. As of the previous 9 days, the stock’s Stochastic %D was 92.78%. Additionally, its Average True Range was 0.19.
During the past 100 days, Ceragon Networks Ltd’s (CRNT) raw stochastic average was set at 99.28%, which indicates a significant increase from 99.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.99% in the past 14 days, which was higher than the 51.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.65, while its 200-day Moving Average is $2.76. Now, the first resistance to watch is $3.85. This is followed by the second major resistance level at $4.01. The third major resistance level sits at $4.30. If the price goes on to break the first support level at $3.40, it is likely to go to the next support level at $3.11. Should the price break the second support level, the third support level stands at $2.95.
Ceragon Networks Ltd (NASDAQ: CRNT) Key Stats
With a market capitalization of 363.95 million, the company has a total of 85,418K Shares Outstanding. Currently, annual sales are 347,180 K while annual income is 6,220 K. The company’s previous quarter sales were 102,670 K while its latest quarter income was 12,220 K.
