Ceragon Networks Ltd. (CRNT) Forms $2.95 Double Top; 4 Bullish Analysts Covering First BanCorp. (FBP)

Ceragon Networks Ltd. (NASDAQ:CRNT) Logo

Among 7 analysts covering First Bancorp (NYSE:FBP), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. First Bancorp had 14 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Friday, October 6 by Piper Jaffray. On Thursday, December 21 the stock rating was upgraded by Citigroup to “Buy”. Citigroup maintained it with “Buy” rating and $9 target in Monday, April 30 report. Piper Jaffray maintained the shares of FBP in report on Monday, January 29 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Wednesday, February 8. The stock of First BanCorp. (NYSE:FBP) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, October 4. The stock of First BanCorp. (NYSE:FBP) has “Buy” rating given on Monday, July 27 by Guggenheim. The company was maintained on Monday, November 20 by Citigroup. The rating was maintained by Keefe Bruyette & Woods on Wednesday, October 14 with “Outperform”. The company was maintained on Wednesday, November 8 by Bank of America. See First BanCorp. (NYSE:FBP) latest ratings:

30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $7 New Target: $9 Maintain
30/04/2018 Broker: Merion Capital Old Rating: Outperform New Rating: Neutral Downgrade
29/01/2018 Broker: Piper Jaffray Rating: Buy New Target: $8.0 Maintain
21/12/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
20/11/2017 Broker: Citigroup Rating: Neutral Old Target: $7 New Target: $6 Maintain

Ceragon Networks Ltd. (CRNT) formed double top with $3.16 target or 7.00% above today’s $2.95 share price. Ceragon Networks Ltd. (CRNT) has $230.51M valuation. The stock increased 0.34% or $0.01 during the last trading session, reaching $2.95. About 643,875 shares traded or 26.13% up from the average. Ceragon Networks Ltd. (NASDAQ:CRNT) has declined 18.43% since May 17, 2017 and is downtrending. It has underperformed by 29.98% the S&P500.

The stock increased 1.16% or $0.09 during the last trading session, reaching $7.85. About 1.90 million shares traded or 16.32% up from the average. First BanCorp. (NYSE:FBP) has risen 8.46% since May 17, 2017 and is uptrending. It has underperformed by 3.09% the S&P500.

First BanCorp. operates as the bank holding firm for FirstBank Puerto Rico that provides a range of financial services and products to retail, commercial, and institutional clients. The company has market cap of $1.70 billion. The Company’s Commercial and Corporate Banking segment offers commercial real estate and construction loans, and floor plan financings, as well as cash and business management services; and underwrites municipal securities, and other investment banking services. It has a 26.17 P/E ratio. The companyÂ’s Consumer Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit, as well as engages in the finance leasing and insurance activities.

Investors sentiment decreased to 0.99 in 2017 Q4. Its down 1.50, from 2.49 in 2017Q3. It fall, as 32 investors sold First BanCorp. shares while 51 reduced holdings. 28 funds opened positions while 54 raised stakes. 191.75 million shares or 0.33% more from 191.13 million shares in 2017Q3 were reported. Jefferies Grp Ltd Llc, New York-based fund reported 10,100 shares. Prudential Fin accumulated 0.01% or 1.09 million shares. Shell Asset Mngmt invested in 0.01% or 126,406 shares. Ironwood Invest Mgmt Limited Liability Corporation stated it has 0.54% in First BanCorp. (NYSE:FBP). Ubs Asset Americas holds 0% or 93,266 shares. Savings Bank Of America Corporation De reported 231,746 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 10,360 shares. Assetmark Incorporated accumulated 0% or 59 shares. Pub Sector Pension Invest Board reported 116,297 shares or 0% of all its holdings. Panagora Asset Management holds 0.01% or 266,014 shares in its portfolio. Everence Capital Management Inc invested in 0.02% or 18,890 shares. State Street stated it has 0% of its portfolio in First BanCorp. (NYSE:FBP). Hartford Inv Mngmt Comm accumulated 0.06% or 635,722 shares. Principal Fincl Gru holds 0.01% or 1.39M shares. Voya Ltd Llc invested in 0.03% or 2.98 million shares.

Another recent and important First BanCorp. (NYSE:FBP) news was published by Seekingalpha.com which published an article titled: “First BanCorp 2018 Q1 – Results – Earnings Call Slides” on April 27, 2018.

Among 3 analysts covering Ceragon (NASDAQ:CRNT), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Ceragon has $3.6000 highest and $1.50 lowest target. $3.05’s average target is 3.39% above currents $2.95 stock price. Ceragon had 8 analyst reports since August 14, 2015 according to SRatingsIntel. As per Tuesday, January 17, the company rating was downgraded by Needham. As per Friday, October 6, the company rating was maintained by Jefferies. The firm earned “Buy” rating on Tuesday, May 8 by Needham. Needham maintained Ceragon Networks Ltd. (NASDAQ:CRNT) on Friday, August 14 with “Buy” rating. Jefferies maintained the shares of CRNT in report on Tuesday, August 9 with “Hold” rating. Jefferies maintained Ceragon Networks Ltd. (NASDAQ:CRNT) rating on Friday, August 14. Jefferies has “Hold” rating and $1.50 target.

Analysts await Ceragon Networks Ltd. (NASDAQ:CRNT) to report earnings on August, 6. They expect $0.02 EPS, down 71.43% or $0.05 from last year’s $0.07 per share. CRNT’s profit will be $1.56 million for 36.88 P/E if the $0.02 EPS becomes a reality. After $0.04 actual EPS reported by Ceragon Networks Ltd. for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

First BanCorp. (NYSE:FBP) Institutional Positions Chart