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

Ceragon Networks

01/08/2023 14:32

* Ceragon Networks Ltd  CRNT.OQ  reported quarterly adjusted
earnings of 2 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of one cent per share.
    * Revenue rose 21.9% to $86.15 million from a year ago;
analysts
expected $78.44 million. 
    * Ceragon Networks Ltd's reported EPS for the quarter was 2
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 fallen by 3.8% this
quarter and
gained 5.8% so far this year.
    * The company reported quarterly net income of $2.09
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 LSEG Refinitiv data
August 1 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.01           0.02           Beat
 Mar. 31 2023      -0.01          0.02           Beat
 Dec. 31 2022      0.02           -0.03          Missed
 Sep. 30 2022      0.00           0.04           Beat