Ceragon Networks Ltd reports results for the quarter ended in December - Earnings Summary

Ceragon Networks

08/02/2023 14:31

* Ceragon Networks Ltd  CRNT.OQ  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in December.
The mean expectation of two analysts for the quarter was
for earnings of 2 cents per share.
    * Revenue fell 2.9% to $75.53 million from a year ago;
analysts
expected $82.13 million. 
    * Ceragon Networks Ltd's reported EPS for the quarter was a
loss
of 3 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ceragon Networks Ltd shares had risen by 14.1% this
quarter.
    * The company reported a quarterly loss of $2.73 million.
    * Wall Street's median 12-month price target for Ceragon
Networks
Ltd is $5.63 
    * 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." 

This summary was machine generated from Refinitiv data February
8 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.02           -0.03          Missed
 Sep. 30 2022      0.00           0.04           Beat
 Jun. 30 2022      -0.02          -0.02          Met
 Mar. 31 2022      -0.03          -0.03          Met