Ceragon Networks (CRNT, Financial) recently experienced a significant stock movement, with its share price dropping by 5.08% to $4.98. The trading volume reached 1.65637 million shares, with a turnover rate of 1.93% and a volatility of 6.10%. The company's latest financial report reveals an operating income of $103 million, a net profit of $12.22 million, and an earnings per share of $0.14. The gross profit stood at $34.82 million, with a price-to-earnings ratio of 23.90.
All three institutions that rated the stock have given it a "buy" recommendation, with no hold or sell suggestions. In the communications industry, where Ceragon operates, there was an overall decline of 1.47%. Notably, other stocks such as Cambium Networks Corporation and Mobilicom Ltd showed significant gains, while Siyata Mobile, Inc. and Lumentum Holdings Inc. were more active in terms of turnover.
Ceragon Networks Ltd is a wireless transmission company providing high-capacity wireless connectivity solutions globally, predominantly serving wireless (mobile) network service providers. The company generates most of its revenue from India and also operates in North America, Europe, Africa, Asia-Pacific, the Middle East, and Latin America. Its product offerings include the IP-50 platform, IP-20 platform, and Pointlink.
