Stocks

Ceragon Networks Ltd. Sees Notable Rise in Short Interest

Published March 1, 2025

Ceragon Networks Ltd. (NASDAQ:CRNT) experienced a significant increase in short interest during February. As of February 15th, the short interest had reached 732,400 shares, reflecting a remarkable growth of 195.2% from the 248,100 shares reported on January 31st. Presently, about 1.1% of the company's stock is sold short. Given the average trading volume of 2,450,000 shares, the current days-to-cover ratio stands at 0.3 days.

Analysts Adjust Price Targets

Ceragon is an unnoticed networking stock worth your attention.

Numerous research reports have analyzed Ceragon Networks recently. Litchfield Hills Research initiated coverage on Ceragon shares back on December 3rd, assigning a "buy" rating along with a price target of $10.00 for the stock. Similarly, Needham & Company LLC reaffirmed a "buy" rating while setting a target price of $6.00 for Ceragon Networks in a report dated February 12th. However, StockNews.com downgraded Ceragon from a "buy" rating to a "hold" rating in its report on Thursday. Currently, one research analyst has categorized the stock as a hold, three analysts have given it a buy rating, and one has assigned it a strong buy status. According to MarketBeat, the average rating for the stock is "Buy", with a mean target price of $6.83.

Read Our Latest Research Report on CRNT

Performance of Ceragon Networks Stock

Supply chain challenges have opened doors for Ceragon Networks.

During midday trading on Friday, shares of CRNT dropped by $0.06, bringing the stock price to $2.75. In total, 785,874 shares were traded, which is below the average volume of 2,532,318. The company's 50-day moving average price is set at $4.38, while the 200-day moving average price is at $3.52. Ceragon Networks holds a market capitalization of $234.47 million, boasts a P/E ratio of 10.18, and has a beta of 1.59. Over the past year, the stock has hit a low of $2.33 and a high of $5.73.

Institutional Investors' Engagement with Ceragon Networks

Recently, various hedge funds and institutional investors have adjusted their stakes in Ceragon Networks. Renaissance Technologies LLC expanded its investment in the company by 47.1% during the fourth quarter, now owning 1,333,295 shares valued at $6,226,000 after acquiring an additional 426,760 shares. Millennium Management LLC increased its holdings by 123.9% during the same period, owning 962,898 shares worth $4,497,000 after purchasing another 532,798 shares. Additionally, Marshall Wace LLP saw a significant increase in their stake of 598.1% during the fourth quarter, now holding 703,091 shares valued at $3,283,000 after acquiring another 602,383 shares. Lazard Asset Management LLC raised its stake by 26.7% during this period, now owning 570,288 shares valued at $2,663,000 after buying another 120,106 shares. Moreover, Navellier & Associates Inc. entered the picture by purchasing a new stake worth approximately $1,804,000. Overall, institutional investors comprise 13.31% of Ceragon Networks stock ownership.

Overview of Ceragon Networks

Ceragon Networks Ltd., along with its subsidiaries, delivers wireless transport solutions for cellular operators and various wireless service providers across North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. Their products use microwave and millimeter wave radio technologies for transmitting telecommunications traffic between base stations, small or distributed cells, and the provider's network.

Considering an Investment in Ceragon Networks?

Before investing in Ceragon Networks, it is essential to gather insights.

Research firms closely monitor leading analysts and categorize stocks they recommend on a daily basis. According to reports, there are five stocks that analysts currently favor over Ceragon Networks.

View the top five recommended stocks