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

Ceragon Networks

06/02/2023 15:13

* Ceragon Networks Ltd  CRNT.OQ   CRNT.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
8. 
    * The Rosh Ha'ayin Israel-based   company is expected to
report  a
5.6% increase in revenue to $82.126 million from $77.76 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 earnings of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The average consensus recommendation for
the communications &
networking peer group is also "Buy".​
    * Wall Street's median 12-month price target for Ceragon
Networks
Ltd is $5.63​, above​ its last closing price of $2.17. ​​​

The company's guidance on November 7 2022 for the period ended
December 31 was for gross profit margin between 30% and 35%.
This summary was machine generated February 6 at 15:13 GMT.  All
figures in US dollars  unless otherwise stated