Ceragon Networks Ltd expected to post a loss of 2  cents a share - Earnings Preview

Ceragon Networks

29/07/2022 19:33

* Ceragon Networks Ltd  CRNT.OQ   CRNT.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 1. 
    * The Tel Aviv-yafo Israel-based   company is expected to
report 
a 5.5% increase in revenue to $72.416 million from $68.62
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Ceragon Networks
Ltd is
for a loss of 2 cents per share. For the same quarter last year,
the company reported a loss of 1 cent per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ceragon
Networks
Ltd is $5.25​, above​ its last closing price of $2.62. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -0.03       -0.03      -0.03     Met     0
 Dec. 31 2022  0.00        0.01       -0.15     Missed  -1,600
 Sep. 30 2021  0.00        0.00       0.00      Met     -100​
 Jun. 30 2021  -0.04       -0.04      -0.01     Beat    75
 ​​Mar.        -0.03       -0.03      -0.01     Beat    71.4
 31 2021                                                
 Dec. 31 2020  0.00        0.00       -0.04     Missed  ​
 Sep. 30 2020  -0.01       -0.01      0.03      Beat    400
 Jun. 30 2020  -0.07       -0.07      -0.06     Beat    12.4
 This summary was machine generated July 29 at 18:32 GMT.  All
figures in US dollars  unless otherwise stated