Are Hedge Funds Betting Against Ceragon Networks Ltd. (CRNT)?

Ceragon Networks Ltd. (NASDAQ:CRNT) produced a 73.17% rally since recording the worst price of $1.64. Thanks to the latest 7.17% increase, it now trades at $2.84. Throughout the trading on 03/13/2018, the share price floated between $2.65 and $2.85. This company shares are -11.97% up from its target price of $2.5 and the current market capitalization stands at $227.2M. The recent change has given its price a 20.59% lead over SMA 50 and -22.83% deficit over its 52-week high. The stock witnessed 35.89% gains, 31.48% gains and 31.48% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found CRNT’s volatility during a week at 5.35% and during a month it has been found around 7.51%.

Ceragon Networks Ltd. (CRNT) Top Holders

Institutional investors currently hold around $35 million or 18.3% in CRNT stock. Look at its top three institutional owners. Renaissance Technologies Llc owns $7.31 million in Ceragon Networks Ltd., which represents roughly 3.22% of the company’s market cap and approximately 20.89% of the institutional ownership. Similar statistics are true for the second largest owner, Ibex Investors Llc, which owns 2,360,246 shares of the stock are valued at $6.26 million. The third largest holder is Norges Bank, which currently holds $3.46 million worth of this stock and that ownership represents nearly 1.52% of its market capitalization.

Ceragon Networks Ltd. 13F Filings

At the end of 12/31/2017 reporting period, 24 institutional holders increased their position in Ceragon Networks Ltd. (NASDAQ:CRNT) by some 5,374,961 shares, 28 decreased positions by 6,833,627 and 11 held positions by 903,281. That puts total institutional holdings at 13,111,869 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 4,081,604 shares while 13 institutional investors sold out their entire positions totaling 2,142,900 shares.

Ceragon Networks Ltd. (CRNT) Analyst Guide

Several analysts have released their opinion on Ceragon Networks Ltd. (NASDAQ:CRNT), with 0 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 3 average brokerage recommendation.

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