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

Ceragon Networks

07/08/2024 14:31

* Ceragon Networks Ltd  CRNT.OQ  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 2 cents.  The lone analyst forecast for the
quarter was for earnings of 6 cents per share. 
    * Revenue rose 11.5% to $96.09 million from a year ago;
analysts
expected $96.11 million. 
    * Ceragon Networks Ltd's reported EPS for the quarter was 9
cents​.
    * The company reported quarterly net income of $7.83
million.
    * Ceragon Networks Ltd shares had fallen by 0.8% this
quarter and
gained 14.8% so far this year.

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 1 "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 August 7 at
01:31 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
 Jun. 30 2024      0.06           0.11           Beat
 Mar. 31 2024      0.05           0.05           Met
 Dec. 31 2023      0.03           0.01           Missed
 Sep. 30 2023      0.03           0.04           Beat