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

Press coverage about Ceragon Networks (NASDAQ:CRNT) has trended somewhat negative this week, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ceragon Networks earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 46.1364715860184 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research cut Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Oppenheimer reiterated a “hold” rating on shares of Ceragon Networks in a research note on Monday, February 12th.

Shares of Ceragon Networks stock traded down $0.02 on Friday, reaching $2.61. 206,401 shares of the company were exchanged, compared to its average volume of 462,243. Ceragon Networks has a one year low of $1.64 and a one year high of $3.65. The stock has a market cap of $203.92, a P/E ratio of 14.50 and a beta of 0.64.

Ceragon Networks (NASDAQ:CRNT) last announced its quarterly earnings data on Monday, February 12th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Ceragon Networks had a return on equity of 11.57% and a net margin of 4.69%. The company had revenue of $86.70 million for the quarter, compared to analysts’ expectations of $75.21 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. analysts forecast that Ceragon Networks will post 0.2 earnings per share for the current fiscal year.

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Ceragon Networks Company Profile

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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