With 1.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $4.7 whereas the lowest price it dropped to was $4.45. The 52-week range on CRNT shows that it touched its highest point at $5.00 and its lowest point at $2.07 during that stretch. It currently has a 1-year price target of $6.83. Beta for the stock currently stands at 1.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CRNT was up-trending over the past week, with a rise of 5.69%, but this was up by 14.00% over a month. Three-month performance surged to 69.34% while six-month performance rose 86.35%. The stock gained 116.82% in the past year, while it has gained 114.81% so far this year. A look at the trailing 12-month EPS for CRNT yields 0.22 with Next year EPS estimates of 0.39. For the next quarter, that number is 0.10. This implies an EPS growth rate of 86.67% for this year and 4.46% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -24.32%.
Float and Shares Shorts:
At present, 85.64 million CRNT shares are outstanding with a float of 68.30 million shares on hand for trading. On 2024-10-31, short shares totaled 85925.0, which was 10.0 higher than short shares on 1727654400. In addition to Mr. Doron Arazi as the firm’s President & CEO, Mr. Ronen Stein serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.1723 of CRNT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, CRNT reported revenue of $102672000.0 and operating income of $14631000.0. The EBITDA in the recently reported quarter was $17612000.0 and diluted EPS was $0.14.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CRNT since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CRNT analysts setting a high price target of 10.0 and a low target of 4.5, the average target price over the next 12 months is 6.83333. Based on these targets, CRNT could surge 115.52% to reach the target high and fall by -3.02% to reach the target low. Reaching the average price target will result in a growth of 47.27% from current levels.
Analysts have provided yearly estimates in a range of $0.45866 being high and $0.33066 being low. For CRNT, this leads to a yearly average estimate of $0.37333.
