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

Ceragon Networks

07/05/2024 14:52

* Ceragon Networks Ltd  CRNT.OQ  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in March,
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 5 cents per share. 
    * Revenue rose 6.1% to $88.50 million from a year ago;
analysts
expected $90.75 million. 
    * Ceragon Networks Ltd's reported EPS for the quarter was
breakeven results​.
    * The company reported quarterly net income of $403
thousand.
    * Ceragon Networks Ltd shares had fallen by 1.6% this
quarter and
gained 45.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 May 7 at 01:51
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
 Mar. 31 2024      0.05           0.05           Met
 Dec. 31 2023      0.03           0.01           Missed
 Sep. 30 2023      0.03           0.04           Beat
 Jun. 30 2023      0.02           0.02           Met