Ceragon Story

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CRNT -- USA Stock  

USD 4.40  0.15  3.30%

67% of stocks are less volatile than Ceragon, and 77% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. While many risk-averse private investors are getting carried away by overanalyzing technology space, it is reasonable to review Ceragon Networks. We will break down how risky is to take a position in Ceragon Networks at this time.
Published over a month ago
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Ceragon Networks (NASDAQ:CRNT) high volatility trend continues
The company currently holds 17.88 M in liabilities with Debt to Equity (D/E) ratio of 0.12, which may suggest Ceragon Networks is not taking enough advantage from borrowing. Ceragon Networks has a current ratio of 1.99, which is within standard range for the sector. Ceragon Networks holds a performance score of 11 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.5215, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Ceragon's beta means in this case. As returns on the market increase, Ceragon Networks returns are expected to increase less than the market. However, during the bear market, the loss on holding Ceragon Networks will be expected to be smaller as well. Although it is vital to follow Ceragon Networks historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. Our philosophy towards foreseeing future performance of any stock is to look not only at its past charts but also at the business as a whole, including all fundamental and technical indicators. To evaluate if Ceragon Networks expected return of 1.29 will be sustainable into the future, we have found twenty-seven different technical indicators, which can help you to check if the expected returns are sustainable. Use Ceragon Networks value at risk, as well as the relationship between the kurtosis and price action indicator to analyze future returns on Ceragon Networks.
Volatility is a rate at which the price of Ceragon Networks or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Ceragon Networks may increase or decrease. In other words, similar to Ceragon's beta indicator, it measures the risk of Ceragon Networks and helps estimate the fluctuations that may happen in a short period of time. So if prices of Ceragon Networks fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is Ceragon Networks's Liquidity

Ceragon Networks financial leverage refers to using borrowed capital as a funding source to finance Ceragon Networks ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Ceragon Networks financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Ceragon Networks's total debt and its cash.

How Ceragon utilizes its cash?

To perform a cash flow analysis of Ceragon Networks, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Ceragon Networks is receiving and how much cash it distributes out in a given period. The Ceragon Networks cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Ceragon Networks Net Cash Flow from Operations is comparatively stable at the moment as compared to the past year. Ceragon Networks reported Net Cash Flow from Operations of (14.87 Million) in 2020

Ceragon Networks Volatility Drivers

Ceragon Networks unsystematic risk is unique to Ceragon Networks and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Ceragon Networks you can also buy Exfo Inc. You can also mitigate this risk by investing in the communication equipment sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Ceragon Networks important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Ceragon Networks income statement and balance sheet. Here are more details about Ceragon volatility.
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