Fri Sep 20 11:36:00 UTC 2024: ## Ceragon Networks (CRNT) Sees Increased Investor Interest

**New York, NY – September 20, 2024** – Ceragon Networks Ltd. (NASDAQ: CRNT), a leading provider of wireless transport solutions, has attracted the attention of several institutional investors.

Winton Group Ltd. initiated a new position in the company during the second quarter, purchasing 10,255 shares valued at approximately $26,000. Other notable investors include:

* Acadian Asset Management LLC increasing its holdings by 25.7% in the second quarter.
* Kennedy Capital Management LLC initiating a new position in the first quarter worth $316,000.
* Perritt Capital Management Inc. increasing its stake by 6.7% in the first quarter.
* Lazard Asset Management LLC significantly increasing its holdings by 9,906.9% in the first quarter.
* Inspire Investing LLC initiating a new position worth $884,000 in the first quarter.

Institutional investors currently hold 13.31% of the company’s stock.

Ceragon Networks reported earnings per share of $0.10 for the second quarter, with revenue reaching $96.09 million. Research analysts expect the company to post $0.24 EPS for the current fiscal year.

Ceragon Networks specializes in providing wireless transport solutions using microwave and millimeter wave radio technology for cellular operators and other wireless service providers worldwide.

Several research firms have also expressed positive sentiments towards CRNT. StockNews.com upgraded the company’s rating to “strong-buy” while Needham & Company LLC reaffirmed a “buy” rating with a $5.25 target price.

The stock opened at $2.68 on Friday, with a market capitalization of $228.92 million. Ceragon Networks Ltd. has a one-year low of $1.56 and a one-year high of $3.38.

**For further information on investor holdings in CRNT, please visit HoldingsChannel.com.**

Read More