Ceragon Networks (NASDAQ:CRNT) is scheduled to issue its quarterly earnings data before the market opens on Monday, November 5th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
Ceragon Networks (NASDAQ:CRNT) last announced its earnings results on Monday, August 6th. The communications equipment provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $88.33 million for the quarter, compared to analysts’ expectations of $86.61 million. Ceragon Networks had a return on equity of 10.61% and a net margin of 4.79%. 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 NASDAQ:CRNT opened at $3.46 on Friday. The firm has a market cap of $257.86 million, a price-to-earnings ratio of 19.22, a P/E/G ratio of 1.22 and a beta of 0.61. Ceragon Networks has a one year low of $1.64 and a one year high of $4.15.
A number of brokerages have commented on CRNT. BidaskClub cut Ceragon Networks from a “sell” rating to a “strong sell” rating in a report on Friday. Zacks Investment Research upgraded Ceragon Networks from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Ceragon Networks from a “hold” rating to a “buy” rating in a report on Friday, September 28th. CIBC upgraded Ceragon Networks from a “market perform” rating to an “outperform” rating in a report on Friday, September 28th. Finally, Citigroup upgraded Ceragon Networks from a “market perform” rating to an “outperform” rating and set a $4.50 target price on the stock in a report on Friday, September 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Ceragon Networks has an average rating of “Buy” and an average target price of $4.23.
About Ceragon Networks
Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave radio technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider's network.
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