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

Ceragon Networks

20/02/2024 14:31

* Ceragon Networks Ltd  CRNT.OQ  reported quarterly adjusted
earnings of 1 cent​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -3 cents.  The mean expectation of
two analysts for the quarter was for earnings of 3 cents per
share. 
    * Revenue rose 19.6% to $90.36 million from a year ago;
analysts
expected $84.78 million. 
    * Ceragon Networks Ltd's reported EPS for the quarter was a
loss
of 1 cent​.
    * The company reported a quarterly loss of $1.2 million.
    * Ceragon Networks Ltd shares had risen by 29.2% this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * 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 
This summary was machine generated from LSEG data February 20 at
02:30 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.03           0.01           Missed
 Sep. 30 2023      0.03           0.04           Beat
 Jun. 30 2023      0.02           0.02           Met
 Mar. 31 2023      0.01           0.02           Beat