Ceragon Networks (CRNT) Scheduled to Post Quarterly Earnings on Monday

Ceragon Networks (NASDAQ:CRNT) is scheduled to be announcing its earnings results before the market opens on Monday, February 12th. Analysts expect the company to announce earnings of $0.04 per share for the quarter.

Ceragon Networks (NASDAQ:CRNT) last issued its earnings results on Monday, November 6th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. Ceragon Networks had a net margin of 5.06% and a return on equity of 12.60%. The business had revenue of $75.99 million during the quarter, compared to the consensus estimate of $78.22 million. During the same period last year, the business posted $0.06 EPS. Ceragon Networks’s revenue was down 4.0% on a year-over-year basis. On average, analysts expect Ceragon Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Ceragon Networks (NASDAQ CRNT) opened at $2.09 on Monday. Ceragon Networks has a one year low of $1.64 and a one year high of $4.23. The stock has a market cap of $162.68, a PE ratio of 10.45 and a beta of 1.01.

Several equities research analysts recently issued reports on CRNT shares. Zacks Investment Research upgraded shares of Ceragon Networks from a “sell” rating to a “hold” rating in a research note on Monday, January 8th. ValuEngine upgraded shares of Ceragon Networks from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, Jefferies Group restated a “hold” rating and set a $2.50 price objective on shares of Ceragon Networks in a research report on Sunday, October 8th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2.50.

A hedge fund recently raised its stake in Ceragon Networks stock. State Street Corp grew its stake in shares of Ceragon Networks Ltd (NASDAQ:CRNT) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,592 shares of the communications equipment provider’s stock after acquiring an additional 1,205 shares during the period. State Street Corp owned 0.10% of Ceragon Networks worth $195,000 at the end of the most recent quarter. 14.47% of the stock is currently owned by institutional investors and hedge funds.

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About Ceragon Networks

Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.

Earnings History for Ceragon Networks (NASDAQ:CRNT)

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