Ceragon Networks (CRNT) Scheduled to Post Earnings on Wednesday

Ceragon Networks (NASDAQ:CRNT) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 7th. Persons that wish to register for the company’s earnings conference call can do so using this link.

Ceragon Networks (NASDAQ:CRNT) last issued its quarterly earnings data on Tuesday, May 7th. The communications equipment provider reported $0.04 EPS for the quarter. Ceragon Networks had a net margin of 1.32% and a return on equity of 10.76%. The business had revenue of $88.50 million during the quarter.

Ceragon Networks Price Performance

Shares of CRNT opened at $2.74 on Wednesday. Ceragon Networks has a one year low of $1.56 and a one year high of $3.38. The company has a 50-day simple moving average of $2.58 and a two-hundred day simple moving average of $2.75. The firm has a market capitalization of $234.05 million, a PE ratio of 54.81 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRNT. Needham & Company LLC restated a “buy” rating and issued a $5.25 price objective on shares of Ceragon Networks in a report on Tuesday, May 7th. StockNews.com upgraded shares of Ceragon Networks from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 29th.

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.