Stock News

Ceragon Networks Ltd. (CRNT) Reaches $2.15 After 4.00% Up Move; Spartan Stores (SPTN)’s Sentiment Is 1.09

SpartanNash Company distributes and retails grocery products. The company has market cap of $985.30 million. It operates in three divisions: Food Distribution, Military, and Retail. It has a 15.29 P/E ratio. The Food Distribution segment offers approximately 60,000 stock-keeping units, such as dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral products, general merchandise, beverages, tobacco products, pharmacy, and health and beauty care products to independent retail locations, food service distributors, and corporate-owned retail stores.

The stock of Ceragon Networks Ltd. (NASDAQ:CRNT) is a huge mover today! The stock increased 13.76% or $0.26 during the last trading session, reaching $2.15. About 1.42M shares traded or 200.89% up from the average. Ceragon Networks Ltd. (NASDAQ:CRNT) has risen 107.53% since December 4, 2016 and is uptrending. It has outperformed by 90.83% the S&P500.The move comes after 6 months positive chart setup for the $167.63M company. It was reported on Dec, 4 by Barchart.com. We have $2.24 PT which if reached, will make NASDAQ:CRNT worth $6.71M more.

Analysts await Ceragon Networks Ltd. (NASDAQ:CRNT) to report earnings on February, 21. They expect $0.04 EPS, down 42.86% or $0.03 from last year’s $0.07 per share. CRNT’s profit will be $3.12M for 13.44 P/E if the $0.04 EPS becomes a reality. After $0.05 actual EPS reported by Ceragon Networks Ltd. for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice, data, and multimedia services worldwide. The company has market cap of $167.63 million. The Company’s wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service providerÂ’s network. It has a 10.09 P/E ratio. The firm also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio heads.

Among 3 analysts covering Ceragon (NASDAQ:CRNT), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Ceragon had 7 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Ceragon Networks Ltd. (NASDAQ:CRNT) earned “Hold” rating by Jefferies on Friday, August 14. Needham downgraded Ceragon Networks Ltd. (NASDAQ:CRNT) on Tuesday, January 17 to “Hold” rating. The rating was maintained by Jefferies on Tuesday, August 9 with “Hold”. Jefferies maintained the stock with “Hold” rating in Friday, October 6 report. Needham maintained the stock with “Buy” rating in Friday, August 14 report.

Analysts await SpartanNash Company (NASDAQ:SPTN) to report earnings on February, 28. They expect $0.47 EPS, down 11.32% or $0.06 from last year’s $0.53 per share. SPTN’s profit will be $17.38 million for 14.18 P/E if the $0.47 EPS becomes a reality. After $0.54 actual EPS reported by SpartanNash Company for the previous quarter, Wall Street now forecasts -12.96% negative EPS growth.

The stock increased 5.09% or $1.29 during the last trading session, reaching $26.65. About 83,896 shares traded. SpartanNash Company (SPTN) has risen 31.81% since December 4, 2016 and is uptrending. It has outperformed by 15.11% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *