Ceragon Networks (CRNT) Scheduled to Post Earnings on Tuesday

Ceragon Networks (NASDAQ:CRNT) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ceragon Networks (NASDAQ:CRNT) last issued its quarterly earnings results on Tuesday, February 20th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $90.36 million for the quarter. Ceragon Networks had a net margin of 1.79% and a return on equity of 9.95%. During the same period in the prior year, the company posted ($0.01) EPS.

Ceragon Networks Stock Up 6.3 %

Shares of NASDAQ:CRNT opened at $3.04 on Monday. The stock has a market cap of $259.68 million, a price-to-earnings ratio of 43.43 and a beta of 1.50. The firm’s 50 day moving average price is $2.99 and its 200 day moving average price is $2.44. Ceragon Networks has a fifty-two week low of $1.56 and a fifty-two week high of $3.38.

Analysts Set New Price Targets

CRNT has been the subject of a number of research reports. StockNews.com cut shares of Ceragon Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $5.25 price objective on shares of Ceragon Networks in a research note on Wednesday, February 21st.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.