Ceragon Networks (NASDAQ:CRNT) released its quarterly earnings results on Sunday. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03, MarketWatch Earnings reports. Ceragon Networks had a negative return on equity of 10.43% and a negative net margin of 5.72%.
NASDAQ:CRNT remained flat at $$3.33 during mid-day trading on Tuesday. The company had a trading volume of 2,155,906 shares, compared to its average volume of 3,894,787. The company has a market capitalization of $277.39 million, a price-to-earnings ratio of -17.53, a price-to-earnings-growth ratio of 8.08 and a beta of 2.03. The firm’s 50 day moving average price is $3.79 and its 200 day moving average price is $3.58. Ceragon Networks has a 1 year low of $1.95 and a 1 year high of $6.90.
Several research firms recently weighed in on CRNT. Oppenheimer upgraded Ceragon Networks from a “market perform” rating to an “outperform” rating in a report on Monday, March 1st. Needham & Company LLC raised shares of Ceragon Networks from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Monday, April 12th.
Ceragon Networks Company Profile
Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services. Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network.
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