Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Ceragon Networks (CRNT) Stock Price

Media headlines about Ceragon Networks (NASDAQ:CRNT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ceragon Networks earned a news impact score of 0.21 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 45.4574168374129 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently commented on CRNT. Jefferies Group LLC reaffirmed a “hold” rating and set a $2.50 price objective on shares of Ceragon Networks in a research note on Sunday, October 8th. ValuEngine raised Ceragon Networks from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research cut Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Ceragon Networks in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $2.50.

Shares of Ceragon Networks (NASDAQ:CRNT) traded up 3.37% during midday trading on Tuesday, hitting $2.15. The company had a trading volume of 1,052,542 shares. The stock’s 50-day moving average price is $2.05 and its 200-day moving average price is $2.50. The stock has a market capitalization of $167.58 million, a price-to-earnings ratio of 10.09 and a beta of 1.25. Ceragon Networks has a one year low of $1.88 and a one year high of $4.23.

Ceragon Networks (NASDAQ:CRNT) last announced its earnings results on Monday, August 7th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $93.30 million during the quarter, compared to analyst estimates of $87.84 million. Ceragon Networks had a return on equity of 13.52% and a net margin of 5.00%. Ceragon Networks’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the company earned $0.02 EPS. Analysts predict that Ceragon Networks will post $0.20 EPS for the current year.

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About Ceragon Networks

Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.

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