Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) Stock Falls on Earnings Announcement

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) shares were down 11% after the wireless backhaul solution provider reported Q3 2017 net income of $3.5 million, or $0.04 cents per share. Revenue came in at $76 million. CRNT shares closed at $1.85 – just $0.26 above the stock’s published book value.

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services globally. Ceragon’s offerings utilize microwave technology to transfer telecommunication traffic between base stations, and the core of the service provider’s network. Their clients include wireless service providers, public safety organizations, government agencies and utility companies.

Over two months ago, its FibeAir IP-20 Platform was selected by a Southeast Asia wireless service provider to expand and modernize its nationwide 450MHz low-band high coverage CDMA network to a 4G-LTE network. Even so, the market did not move the shares higher on the news. Instead, CDMA shares actually lost ground over the next three days.

CRNT Stock Performance

Earnings have been erratic for the telecommunications firm. In 2012 the company lost (-$0.64) per share and followed that loss in 2013 with a loss of (-$1.23), and a loss of (-$1.22) in 2014. For 2015, the company posted a per share profit of $0.01 and last year that figure improved to $0.15.

Interestingly, the positive earnings trend comes alongside a decline in reported sales. In 2014 the posted sales figure was $371.1 million, followed by $349.4 million in 2015, and $293.6 million in 2016.

Three investment firms follow Ceragon Networks Ltd (NASDAQ:CRNT). Two rate CRNT shares as a “Hold”, while one rates the shares a “Buy”. Their consensus one-year price target is $2.50.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
Don’t miss out! Stay informed on $CRNT and receive breaking news on other hot stocks by signing up for our free newsletter!
About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.

Can Ceragon Networks Ltd (NASDAQ:CRNT) Push Past $2.20?

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) failed for the fourth time, since mid-August, to close above the $2.20 level. Volume was heavy for the day’s trading as over 1 million shares changed hands on a stock that has an average daily volume of under 360,000.

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services globally. Ceragon’s offerings utilize microwave technology to transfer telecommunication traffic between base stations, and the core of the service provider’s network. Their clients include wireless service providers, public safety organizations, government agencies and utility companies

Over two months ago, its FibeAir IP-20 Platform was selected by a Southeast Asia wireless service provider to expand and modernize its nationwide 450MHz low-band high coverage CDMA network to a 4G-LTE network. Even so, the market did not move the shares higher – CDMA shares actually lost ground over the next three days.

CDMA Stock Performance

CDMA has a 52-week high of $4.23 and a 52-week low of $1.88.

Earnings have been erratic for the telecommunications firm. In 2012 the company lost (-$0.64) per share and followed that loss in 2013 with a loss of (-$1.23), and a loss of (-$1.22) in 2014. For 2015, the company posted a per share profit of $0.01 and last year that figure improved to $0.15.

Interestingly, the positive earnings trend comes alongside a decline in reported sales. In 2014 the posted sales figure was $371.1 million, followed by $349.4 million in 2015, and $293.6 million in 2016.

Three investment firms follow Ceragon Networks Ltd (NASDAQ:CRNT). Two rate CRNT shares as a “Hold”, while one rates the shares a “Buy”. Their consensus one-year price target is $2.50.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CRNT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) Stock Rises on Q2 Financials

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) stock is up almost 7% at 10:30AM EST after the communications technology company released its Q2 financial report. CRNT shares closed at $2.23 on Friday then hit $2.44 this morning. Share volume is heavy – over ten times the 30-day daily average. Ceragon stock price chart:

Ceragon Networks Ltd (NASDAQ:CRNT)
One month Stock Price Chart for CRNT

Israeli-based Ceragon Networks Ltd (NASDAQ:CRNT) posted a Q2 2017 profit of $5 million, on $93.3 million in revenue, for a per share profit of $0.06. Revenues were up 22.8% from last quarter. Gross margins increased from 29.3% in Q1 2017 to 31.3%. Operating income came in at $8 million – much larger than the $$2 million posted in Q1.

Ira Palti, president and CEO of Ceragon Networks Ltd (NASDAQ:CRNT) said “We are pleased to report a very strong quarter, with total revenue boosted by the recognition of revenue related to large orders received in Q1 from a customer in India. As a result of the additional gross profit contribution from this extra business, Q2 net income was a record, except in those quarters where we had large non-recurring items with a positive impact on net income. We also generated positive cash flow, paid down additional debt, and increased our net cash to $26 million. Our bookings in Q2 support our expectation that we will return to a quarterly run rate of $75 to $80 million during the second half of the year.”

Sales had been declining for Ceragon Networks Ltd (NASDAQ:CRNT). In 2012 the company posted sales of $446.7 million and that number declined to $293.6 million for 2016. However, per share profitability has been achieved after years of losses. In 2014 the company lost (-$1.22) per share but in the following years they posted per share profits of $0.01 and $0.15 for 2016.

Likely based on past performance, the market has shunned the shares. YTD CRNT shares are down over 14% but up almost 2% for the year.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CRNT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Networks Ltd (NASDAQ:CRNT) Multicore Technology Attracting Massive Deals

Ceragon Networks Ltd (NASDAQ:CRNT)

Shares of Ceragon Networks Ltd (NASDAQ:CRNT) spiked higher on huge volume after an India-based, Tier 1 Multiservice operator placed orders worth more than $9 million for the company’s IP-20 platform and related services. The stock was up 12.65% in Wednesday’s trading session to end the day at $2.85 a share. CRNT continued their rise in Thursday’s open.

Ceragon Networks Ltd (NASDAQ:CRNT)
Ceragon Networks Ltd (NASDAQ:CRNT)

Ceragon Multicore Technology

Prior to investors reacting to the new contract, Ceragon Networks Ltd (NASDAQ:CRNT) was on a downward trend after finding support at the $2.50 a share mark. Immediate support on the current upside run is at the $3 a share mark as the stock continues to trade in a tight $2.66-$2.90 trading range.

Ceragon Networks Ltd (NASDAQ:CRNT) is a leading provider of wireless backhaul solutions. The company provides its services to wireless service providers as well government agencies and utility companies. Its lead products are FibeAir IP-20 Platform and FibeAir IP-20 Assured Platform deployed by over 460 service providers.

The $9 Million plus contract in India builds another order worth more than $7 million for the IP-20 platform from a Tier 1 mobile operator in South America. The operator has placed orders worth more than $12 million since the start of the year as part of an effort that seeks to increase coverage and capacity.

India $9 million Deal

Ceragon Networks Ltd (NASDAQ:CRNT)’s multicore technologies are designed to enable fast nationwide 4G network coverage and capacity. The company client in India has so far placed orders worth more than $13 million for the IP-20 platform as it continues to increase its 4G LTE network capacity in a bid to enhance subscriber experience across the nation.

“The scope of our success in India can be attributed to our ability to meet a wide variety of scenarios. We are working together with this customer to rapidly expand capacity and improve existing coverage, while also ensuring the most efficient use of backhaul spectrum and significantly reducing operational costs,” said Ira Palti, Ceragon Networks Ltd (NASDAQ:CRNT) CEO.

The multi-service operator is currently accelerating wireless backhaul roll-out in India using the FibeAir IP-20 that uses one-quarter of spectrum to deliver Internet speeds of up to 1Gbps. India is currently experiencing an exponential increase in internet usage leading to fierce competition among operators for market share. Companies able to provide fast and reliable internet connections continue to command a huge following as competition heats up.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

Don’t miss out! Stay informed on $CRNT and receive breaking news on other hot stocks by signing up for our free newsletter!

About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.