Arete Wealth Advisors LLC bought a new stake in shares of Ceragon Networks Ltd. (NASDAQ:CRNT – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 28,797 shares of the communications equipment provider’s stock, valued at approximately $142,154,000,000.
Other large investors have also recently made changes to their positions in the company. ARK Investment Management LLC raised its stake in shares of Ceragon Networks by 24.1% during the fourth quarter. ARK Investment Management LLC now owns 1,144,848 shares of the communications equipment provider’s stock worth $2,187,000 after acquiring an additional 222,343 shares in the last quarter. Alpha Paradigm Partners LLC raised its stake in shares of Ceragon Networks by 876.4% during the third quarter. Alpha Paradigm Partners LLC now owns 82,997 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 74,497 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Ceragon Networks by 403.8% during the second quarter. Jane Street Group LLC now owns 59,326 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 47,550 shares in the last quarter. Millennium Management LLC raised its stake in shares of Ceragon Networks by 233.3% during the fourth quarter. Millennium Management LLC now owns 76,943 shares of the communications equipment provider’s stock worth $147,000 after acquiring an additional 53,856 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Ceragon Networks during the fourth quarter worth approximately $37,000. 13.53% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Ceragon Networks from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 7th.
Ceragon Networks Trading Down 3.8 %
Ceragon Networks (NASDAQ:CRNT – Get Free Report) last announced its quarterly earnings results on Monday, May 1st. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter. Ceragon Networks had a negative net margin of 1.02% and a positive return on equity of 0.84%. The company had revenue of $83.41 million for the quarter.
Ceragon Networks Company Profile
Ceragon Networks Ltd. provides wireless transport solutions for cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and service provider's network.
Featured Articles
- Five stocks we like better than Ceragon Networks
- Manufacturing Stocks Investing
- 3 Housing Stocks to Avoid as Interest Rates Rise
- What is a SEC Filing?
- AMC: Is a Big Squeeze in the Coming Attractions?
- What is the Nikkei 225 index?
- Rivian: A Roaring Rise Or Time To Cash Out?
Want to see what other hedge funds are holding CRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ceragon Networks Ltd. (NASDAQ:CRNT – Free Report).
Receive News & Ratings for Ceragon Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceragon Networks and related companies with MarketBeat.com's FREE daily email newsletter.
