Ceragon Networks (CRNT) to Release Quarterly Earnings on Tuesday

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

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

Ceragon Networks Price Performance

Shares of NASDAQ:CRNT opened at $3.04 on Friday. The firm has a fifty day moving average price of $2.99 and a two-hundred day moving average price of $2.43. Ceragon Networks has a one year low of $1.56 and a one year high of $3.38. The company has a market cap of $259.68 million, a price-to-earnings ratio of 43.43 and a beta of 1.50.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRNT. Needham & Company LLC reaffirmed a “buy” rating and set a $5.25 price objective on shares of Ceragon Networks in a report on Wednesday, February 21st. StockNews.com downgraded shares of Ceragon Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 2nd.

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.