Ceragon Networks Ltd expected to post earnings of 3 cents a share - Earnings Preview

Ceragon Networks

02/02/2024 14:43

* Ceragon Networks Ltd  CRNT.OQ   CRNT.O  is expected
to show a
rise in quarterly revenue when it reports  results on February 6
(estimated) for the period ending December 31 2023
    * The Rosh Ha'ayin Israel-based   company is expected to
report a
12.2% increase in revenue to $84.784 million from $75.53 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Ceragon Networks Ltd is
for
earnings of 3 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 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​, above​ its last closing price of $2.42. ​​​

This summary was machine generated February 2 at 14:43 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)