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

Ceragon Networks

02/05/2022 14:31

* Ceragon Networks Ltd  CRNT.OQ  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended in March. The
mean expectation of three analysts for the quarter was for a
loss of 3 cents per share.
    * Revenue rose 3% to $70.32 million from a year ago; 
analysts
expected $71.24 million. 
    * Ceragon Networks Ltd's reported EPS for the quarter was a
loss
of 3 cents​.
    * The mean earnings estimate of analysts had fallen by
about 50%
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 10.3% this
quarter and
lost 26.0% so far this year.
    * The company reported a quarterly loss of $2.29 million.
    * Wall Street's median 12-month price target for Ceragon
Networks
Ltd is $5.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 2 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated