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

Ceragon Networks

02/08/2021 13:13

* Ceragon Networks Ltd  CRNT.OQ  reported a quarterly adjusted
loss of 1 cents​​ per share for the quarter ended in June. The
mean expectation of two analysts for the quarter was for a loss
of 4 cents per share.
* Revenue rose 9.9% to $68.62 million from a year ago;  analysts
expected $65.14 million. 
* Ceragon Networks Ltd's reported EPS for the quarter was a loss
of 2 cents​.
* The mean earnings estimate of analysts had fallen by
about 166.7% 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 6.1% this quarter and
gained 43.9% so far this year.
* The company reported a quarterly loss of $1.71 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 "strong
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 August 2 at 12:13 p.m.  ​All
figures in US dollars unless otherwise stated