Ceragon Networks (NASDAQ:CRNT – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Monday, November 6th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Ceragon Networks (NASDAQ:CRNT – Get Free Report) last issued its quarterly earnings results on Tuesday, August 1st. The communications equipment provider reported $0.04 EPS for the quarter. Ceragon Networks had a net margin of 0.14% and a return on equity of 6.23%. The company had revenue of $86.15 million during the quarter. On average, analysts expect Ceragon Networks to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Ceragon Networks Stock Up 7.0 %
Shares of CRNT stock opened at $1.83 on Friday. Ceragon Networks has a 52 week low of $1.55 and a 52 week high of $2.38. The stock has a market capitalization of $154.21 million, a PE ratio of 16.70 and a beta of 1.42. The firm has a 50 day moving average of $1.83 and a two-hundred day moving average of $1.92.
Institutional Investors Weigh In On Ceragon Networks
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on CRNT shares. Aegis reaffirmed a “buy” rating on shares of Ceragon Networks in a research report on Tuesday, September 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.25 price objective on shares of Ceragon Networks in a research report on Wednesday, August 2nd. Finally, StockNews.com started coverage on shares of Ceragon Networks in a research report on Thursday, October 5th. They set a “buy” rating for the company.
Ceragon Networks Company Profile
Ceragon Networks Ltd. provides wireless transport solutions for cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and service provider's network.
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