Ceragon Networks Ltd (CRNT) Shares Sold by OxFORD Asset Management LLP

OxFORD Asset Management LLP lowered its holdings in Ceragon Networks Ltd (NASDAQ:CRNT) by 11.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 439,521 shares of the communications equipment provider’s stock after selling 56,439 shares during the quarter. OxFORD Asset Management LLP owned 0.56% of Ceragon Networks worth $911,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Ceragon Networks by 5.0% in the second quarter. Vanguard Group Inc. now owns 1,177,300 shares of the communications equipment provider’s stock valued at $3,002,000 after purchasing an additional 55,702 shares during the period. Zweig DiMenna Associates LLC raised its position in Ceragon Networks by 46.6% in the second quarter. Zweig DiMenna Associates LLC now owns 534,965 shares of the communications equipment provider’s stock valued at $1,364,000 after purchasing an additional 169,965 shares during the period. Systematic Financial Management LP raised its position in Ceragon Networks by 9.5% in the third quarter. Systematic Financial Management LP now owns 489,620 shares of the communications equipment provider’s stock valued at $1,018,000 after purchasing an additional 42,275 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Ceragon Networks by 6.2% in the second quarter. Arrowstreet Capital Limited Partnership now owns 406,991 shares of the communications equipment provider’s stock valued at $1,038,000 after purchasing an additional 23,616 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in shares of Ceragon Networks in the third quarter valued at $743,000. Institutional investors own 16.09% of the company’s stock.

A number of brokerages have recently weighed in on CRNT. ValuEngine raised Ceragon Networks from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Jefferies Group reaffirmed a “hold” rating and issued a $2.50 price objective on shares of Ceragon Networks in a research note on Sunday, October 8th. Finally, Zacks Investment Research cut Ceragon Networks from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Ceragon Networks currently has an average rating of “Hold” and an average price target of $2.50.

Shares of Ceragon Networks Ltd (NASDAQ CRNT) opened at $1.93 on Friday. Ceragon Networks Ltd has a one year low of $1.64 and a one year high of $4.23. The firm has a market capitalization of $153.34, a price-to-earnings ratio of 9.65 and a beta of 1.07.

Ceragon Networks (NASDAQ:CRNT) last released its earnings results on Monday, November 6th. The communications equipment provider reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. Ceragon Networks had a return on equity of 12.60% and a net margin of 5.06%. The firm had revenue of $75.99 million during the quarter, compared to analysts’ expectations of $78.22 million. During the same period in the previous year, the firm posted $0.06 EPS. Ceragon Networks’s revenue for the quarter was down 4.0% on a year-over-year basis. research analysts predict that Ceragon Networks Ltd will post 0.18 EPS for the current fiscal 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.

Institutional Ownership by Quarter for Ceragon Networks (NASDAQ:CRNT)

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