Polymer Capital Management HK LTD Makes New $486,000 Investment in Ceragon Networks Ltd. (NASDAQ:CRNT)

Polymer Capital Management HK LTD acquired a new position in shares of Ceragon Networks Ltd. (NASDAQ:CRNT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 103,998 shares of the communications equipment provider’s stock, valued at approximately $486,000. Polymer Capital Management HK LTD owned 0.12% of Ceragon Networks as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Navellier & Associates Inc. acquired a new stake in Ceragon Networks during the fourth quarter worth about $1,804,000. Inspire Investing LLC acquired a new stake in shares of Ceragon Networks during the 4th quarter worth approximately $903,000. JPMorgan Chase & Co. increased its position in shares of Ceragon Networks by 481.7% during the fourth quarter. JPMorgan Chase & Co. now owns 221,539 shares of the communications equipment provider’s stock valued at $1,035,000 after purchasing an additional 183,452 shares during the period. Aristides Capital LLC acquired a new position in shares of Ceragon Networks in the fourth quarter valued at $700,000. Finally, Walleye Capital LLC lifted its position in Ceragon Networks by 95.1% in the third quarter. Walleye Capital LLC now owns 283,933 shares of the communications equipment provider’s stock worth $778,000 after purchasing an additional 138,411 shares during the period. Institutional investors and hedge funds own 13.31% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRNT shares. Craig Hallum began coverage on shares of Ceragon Networks in a research note on Thursday, March 13th. They issued a “buy” rating and a $5.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $6.00 price target on shares of Ceragon Networks in a research note on Wednesday, February 12th. Finally, StockNews.com lowered Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $6.38.

Ceragon Networks Stock Down 5.0 %

NASDAQ:CRNT opened at $2.10 on Monday. The firm has a market cap of $186.56 million, a PE ratio of 7.78 and a beta of 1.60. Ceragon Networks Ltd. has a 12 month low of $2.00 and a 12 month high of $5.73. The company’s 50-day moving average price is $3.20 and its two-hundred day moving average price is $3.47.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.