Fintel reports that Lake Street initiated coverage of Ceragon Networks (NasdaqGS:CRNT) with a “Buy” recommendation on March 31, 2026. The average one-year price target for Ceragon Networks is projected at $4.84 per share, representing a potential 124.31% increase from its latest closing price of $2.16 per share.
The company is expected to achieve an annual revenue of $378 million, marking an 11.54% growth. However, institutional ownership in Ceragon Networks decreased by 14.74% in the last three months, with total shares owned down to 16.59 million. A total of 71 funds reported positions in the company, with an average portfolio weight of 0.05%. The put/call ratio stands at 0.10, indicating a bullish sentiment among investors.
