CERAGON NETWORKS LTD CRNT
ORD · Common Stock · CUSIP M22013102
Networking equipment vendor
- SectorTechnology
- IndustryRadio & Tv Broadcasting & Communications Equipment
- HeadquartersTel Aviv, Israel
- Founded1996
- Websiteceragon.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 88.4m as of 2024-12-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $2.74. Options: 5 managers hold calls ($209.1k notional), 5 hold puts ($73.0k).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 72 |
| Q4 2022 | 72 |
| Q1 2023 | 58 |
| Q2 2023 | 57 |
| Q3 2023 | 54 |
| Q4 2023 | 55 |
| Q1 2024 | 74 |
| Q2 2024 | 72 |
| Q3 2024 | 78 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 30 | 25 |
| Q1 2023 | 19 | 33 |
| Q2 2023 | 15 | 27 |
| Q3 2023 | 20 | 22 |
| Q4 2023 | 17 | 24 |
| Q1 2024 | 43 | 23 |
| Q2 2024 | 32 | 28 |
| Q3 2024 | 41 | 26 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $690.7k | $224.9k | 0.33 |
| Q1 2024 | $1.1m | $517.6k | 0.48 |
| Q2 2024 | $432.2k | $326.0k | 0.75 |
| Q3 2024 | $209.1k | $73.0k | 0.35 |
Biggest buyers
| ACADIAN ASSET MANAGEMENT LLC | Added | +705.1k |
| LAZARD ASSET MANAGEMENT LLC | Added | +270.8k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +262.7k |
| Walleye Capital LLC | Added | +138.4k |
| MARSHALL WACE, LLP | New | +100.7k |
| GOLDMAN SACHS GROUP INC | Added | +99.3k |
| MILLENNIUM MANAGEMENT LLC | Added | +89.9k |
| Hillsdale Investment Management Inc. | New | +77.8k |
| JPMORGAN CHASE & CO | New | +76.2k |
| Qube Research & Technologies Ltd | Added | +73.1k |
Biggest sellers
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -148.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -145.6k |
| Millrace Asset Group, Inc. | Reduced | -134.3k |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -113.7k |
| Vident Advisory, LLC | Sold out | -83.9k |
| First Eagle Investment Management, LLC | Reduced | -37.6k |
| Worth Venture Partners, LLC | Sold out | -28.0k |
| JANE STREET GROUP, LLC | Sold out | -23.7k |
| OPPENHEIMER & CO INC | Reduced | -20.0k |
| MERCER GLOBAL ADVISORS INC /ADV | Sold out | -11.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $110.4k40.3k shares |
| CITADEL ADVISORS LLC | Reduced | $90.4k33.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $5.0k2.0k shares |
| GROUP ONE TRADING LLC | Reduced | $3.3k1.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $57.0k20.8k shares |
| CITADEL ADVISORS LLC | Reduced | $11.2k4.1k shares |
| GROUP ONE TRADING LLC | Reduced | $2.7k1.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.0k1.0k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
SAMBERG JOSEPH D
13D · may seek influence
filed 2025-02-27
Stated purposeItem 4 is hereby amended to add the following: The Reporting Persons acquired Ordinary Shares of the Issuer in the February Transactions as described in Item 5(c). On February 25, 2025, as a result of the February Transaction on that day, Mr. Samberg became the beneficial owner of more than 10% of the Ordinary Shares of the Issuer currently outstanding. Neither of the Reporting Persons has a present plan or proposal that relates to, or could result in, any of the events referred to in paragraphs (a) through (j) inclusive, of Item 4 of Schedule 13D. Full filing |
11.0% |
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 13G · institution new · filed 2026-05-11 | 5.3% |
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2024.
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| FIRST WILSHIRE SECURITIES MANAGEMENT INC 2.30% of their portfolio | 3.0m $8.2m | Reduced -11.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.02% of their portfolio | 2.7m $7.3m | Added +705.1k |
| ESSEX INVESTMENT MANAGEMENT CO LLC 0.60% of their portfolio | 1.3m $3.4m | Added +3.4k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 906.5k $2.5m | Added +262.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 695.9k $1.9m | Reduced -148.0k |
| First Eagle Investment Management, LLC 0.00% of their portfolio | 482.4k $1.3m | Reduced -37.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 464.2k $1.3m | Reduced -4.1k |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 450.2k $1.2m | Added +270.8k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 430.1k $1.2m | Added +89.9k |
| Legato Capital Management LLC 0.15% of their portfolio | 429.0k $1.2m | Unchanged |
| Walleye Capital LLC 0.01% of their portfolio | 283.9k $778.0k | Added +138.4k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio | 255.1k $699.1k | Reduced -113.7k |
| Millrace Asset Group, Inc. 0.69% of their portfolio | 248.4k $681.0k | Reduced -134.3k |
| Perritt Capital Management Inc 0.31% of their portfolio | 217.6k $596.2k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 195.2k $535.0k | Reduced -145.6k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 176.2k $482.7k | Added +73.1k |
| Invesco Ltd. 0.00% of their portfolio | 144.3k $395.4k | Added +621 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 132.7k $363.6k | Added +99.3k |
| Caption Management, LLC 0.04% of their portfolio | 122.8k $336.5k | Added +34.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 117.6k $322.3k | Added +15.6k |
| WealthTrust Axiom LLC 0.09% of their portfolio | 110.2k $301.8k | Added +39.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 100.7k $275.9k | New |
| Hillsdale Investment Management Inc. 0.02% of their portfolio | 77.8k $213.2k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 76.2k $208.7k | New |
| Federation des caisses Desjardins du Quebec 0.00% of their portfolio | 76.0k $208.0k | Added +16.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 67.8k $185.6k | Added +5.6k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 64.3k $176.1k | Added +36.8k |
| SIMPLEX TRADING, LLC 0.01% of their portfolio | 62.1k $170.0k | Reduced -9.9k |
| XTX Topco Ltd 0.01% of their portfolio | 55.5k $152.0k | New |
| Engineers Gate Manager LP 0.00% of their portfolio | 48.0k $131.6k | Added +979 |
| Squarepoint Ops LLC 0.00% of their portfolio | 47.2k $129.4k | New |
| STATE STREET CORP 0.00% of their portfolio | 47.0k $128.8k | Added +938 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 46.4k $127.0k | Added +5.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 45.2k $123.9k | Added +36.3k |
| Jump Financial, LLC 0.00% of their portfolio | 44.8k $122.8k | New |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 43.5k $119.1k | Added +20.9k |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 42.9k $117.5k | Reduced -4.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 40.7k $111.4k | Reduced -1.8k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 39.2k $107.4k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 36.7k $100.6k | Added +9.5k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.02% of their portfolio | 36.7k $100.5k | Reduced -2.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 36.6k $100.3k | Reduced -1.8k |
| ALGERT GLOBAL LLC 0.00% of their portfolio | 35.1k $96.3k | Added +2.8k |
| MORGAN STANLEY 0.00% of their portfolio | 33.5k $91.9k | Added +2.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 31.7k $80.6k | Unchanged |
| DLK Investment Management, LLC 0.03% of their portfolio | 30.2k $82.7k | Unchanged |
| Heron Bay Capital Management 0.02% of their portfolio | 29.3k $80.4k | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 28.2k $77.3k | New |
| CITIGROUP INC 0.00% of their portfolio | 27.0k $74.0k | Reduced -1.8k |
| IFP Advisors, Inc 0.00% of their portfolio | 25.0k $68.5k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 24.1k $65.9k | Added +18.5k |
| Dynamic Advisor Solutions LLC 0.00% of their portfolio | 23.0k $63.0k | Unchanged |
| State of Wyoming 0.01% of their portfolio | 19.7k $53.3k | New |
| SMITH, MOORE & CO. 0.00% of their portfolio | 18.5k $50.7k | Reduced -2.5k |
| State of Tennessee, Department of Treasury 0.00% of their portfolio | 16.5k $45.2k | Unchanged |
| WEDBUSH SECURITIES INC 0.00% of their portfolio | 14.9k $41.0k | Unchanged |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 14.2k $38.9k | Added +1.8k |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 13.2k $36.2k | New |
| OPPENHEIMER & CO INC 0.00% of their portfolio | 12.0k $32.9k | Reduced -20.0k |
| BlackRock, Inc. 0.00% of their portfolio | 10.9k $29.8k | First filing |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 10.2k $27.6k | Unchanged |
| EAGLE WEALTH STRATEGIES LLC 0.02% of their portfolio | 10.0k $27.4k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 1.7k $4.7k | Added +702 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.6k $4.2k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.5k $4.1k | Reduced -5.8k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 1.0k $2.7k | New |
| AdvisorNet Financial, Inc 0.00% of their portfolio | 1.0k $2.7k | New |
| Nordwand Advisors, LLC 0.00% of their portfolio | 1.0k $2.7k | Unchanged |
| Aspire Private Capital, LLC 0.00% of their portfolio | 865 $2.4k | Unchanged |
| Global Retirement Partners, LLC 0.00% of their portfolio | 661 $1.8k | Unchanged |
| EASTERN BANK 0.00% of their portfolio | 427 $1.2k | New |
| Key Financial Inc 0.00% of their portfolio | 385 $1.1k | Unchanged |
| WASHINGTON TRUST Co 0.00% of their portfolio | 300 $822 | Unchanged |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 280 $767 | New |
| PRINCIPAL SECURITIES, INC. 0.00% of their portfolio | 205 $562 | Unchanged |
| Blue Trust, Inc. 0.00% of their portfolio | 100 $250 | Unchanged |
| CoreCap Advisors, LLC 0.00% of their portfolio | 11 $30 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |