Ceragon Networks Ltd expected to post a loss of 4 cents a share - Earnings Preview

Ceragon Networks

30/07/2021 14:12

* Ceragon Networks Ltd  CRNT.OQ   CRNT.O  is expected to show a
rise in quarterly revenue when it reports results on August 2. 
* The Tel Aviv-yafo, Israel-based company is expected to report 
 a 4.3% increase in revenue to $65.135 million from $62.43
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Ceragon Networks Ltd is
for a loss of 4 cents per share. For the same quarter last year,
the company reported a loss of 6 cents per share.
* The current average analyst rating on the shares is "strong
buy" and the breakdown of recommendations is 2 "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 $5.63​, about 33.3% above​ its last closing
price of $3.75. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.03       -0.03      -0.01     Beat    71.4
 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
 Mar.          -0.05​      -0.04      -0.08     Missed  -77.8​
 31​ 2020​                                              
 Dec. 31 2019  -0.01       -0.01      -0.06     Missed  -500​
 Sep. 30 2019  0.04        0.04       0.01      Missed  -75.9
 Jun. 30 2019  0.02        0.02       0.03      Beat    50
 This summary was machine generated July 30 at 13:12 GMT.  All
figures in US dollars unless otherwise stated