Ceragon Networks (CRNT) to Release Quarterly Earnings on Tuesday

Ceragon Networks (NASDAQ:CRNT) is scheduled to announce its earnings results before the market opens on Tuesday, May 7th. Investors interested in participating in the company’s conference call can do so using this link.

Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings results on Tuesday, February 20th. The communications equipment provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Ceragon Networks had a return on equity of 9.95% and a net margin of 1.79%. The business had revenue of $90.36 million during the quarter. During the same quarter in the previous year, the business posted ($0.01) EPS.

Ceragon Networks Stock Performance

Ceragon Networks stock opened at $3.04 on Friday. Ceragon Networks has a 52 week low of $1.56 and a 52 week high of $3.38. The stock has a market capitalization of $259.68 million, a P/E ratio of 43.43 and a beta of 1.50. The stock has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $2.43.

Analyst Ratings Changes

A number of equities analysts recently commented on CRNT shares. StockNews.com cut Ceragon Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 2nd. Needham & Company LLC reiterated a “buy” rating and set a $5.25 price target on shares of Ceragon Networks in a report on Wednesday, February 21st.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.