Wall Street brokerages forecast that Ceragon Networks Ltd. (NASDAQ:CRNT) will announce sales of $88.77 million for the current quarter, according to Zacks. Two analysts have provided estimates for Ceragon Networks’ earnings. The lowest sales estimate is $88.20 million and the highest is $89.33 million. Ceragon Networks reported sales of $70.01 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.8%. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, August 7th.

On average, analysts expect that Ceragon Networks will report full year sales of $88.77 million for the current financial year, with estimates ranging from $325.43 million to $327.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $332.34 million per share, with estimates ranging from $325.57 million to $339.10 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ceragon Networks.

Ceragon Networks (NASDAQ:CRNT) last released its quarterly earnings data on Thursday, May 11th. The communications equipment provider reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Ceragon Networks had a net margin of 3.79% and a return on equity of 10.27%. The firm had revenue of $76.02 million for the quarter, compared to analyst estimates of $74.09 million. During the same period last year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 27.1% compared to the same quarter last year.

A number of equities analysts recently issued reports on the stock. TheStreet cut shares of Ceragon Networks from a “b-” rating to a “c+” rating in a research note on Tuesday, March 14th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Ceragon Networks in a research note on Thursday, May 11th. Finally, Zacks Investment Research cut shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. Four research analysts have rated the stock with a hold rating, Ceragon Networks currently has an average rating of “Hold” and a consensus price target of $3.25.

WARNING: “Ceragon Networks Ltd. (CRNT) Expected to Post Quarterly Sales of $88.77 Million” was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/07/07/ceragon-networks-ltd-crnt-expected-to-post-quarterly-sales-of-88-77-million.html.

Ceragon Networks (NASDAQ CRNT) traded down 0.77% on Friday, hitting $2.58. 137,506 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $2.81 and a 200-day moving average price of $3.20. The stock has a market cap of $200.71 million, a P/E ratio of 17.09 and a beta of 1.15. Ceragon Networks has a 52-week low of $1.60 and a 52-week high of $4.23.

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Ceragon Networks during the first quarter worth about $1,055,000. UBS Group AG purchased a new position in shares of Ceragon Networks during the first quarter worth about $965,000. Systematic Financial Management LP purchased a new position in shares of Ceragon Networks during the first quarter worth about $1,579,000. United Services Automobile Association purchased a new position in shares of Ceragon Networks during the first quarter worth about $1,050,000. Finally, Oxford Asset Management boosted its position in shares of Ceragon Networks by 345.1% in the first quarter. Oxford Asset Management now owns 464,213 shares of the communications equipment provider’s stock worth $1,518,000 after buying an additional 359,910 shares during the last quarter. Institutional investors own 21.65% of the company’s stock.

Ceragon Networks Company Profile

Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.

Get a free copy of the Zacks research report on Ceragon Networks (CRNT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Ceragon Networks (NASDAQ:CRNT)

Receive News & Ratings for Ceragon Networks Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ceragon Networks Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.