Ceragon Networks Ltd. (NASDAQ:CRNT) is set to release its earnings data before the market opens on Monday, November 6th. Analysts expect Ceragon Networks to post earnings of $0.05 per share for the quarter.

Ceragon Networks (NASDAQ:CRNT) last released its quarterly earnings data on Monday, August 7th. The communications equipment provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. Ceragon Networks had a return on equity of 13.52% and a net margin of 5.00%. The firm had revenue of $93.30 million during the quarter, compared to the consensus estimate of $87.84 million. During the same period last year, the business posted $0.02 EPS. Ceragon Networks’s quarterly revenue was up 33.3% on a year-over-year basis. On average, analysts expect Ceragon Networks to post $0.19 EPS for the current fiscal year and $0.23 EPS for the next fiscal year.

Ceragon Networks Ltd. (CRNT) traded up 1.44% during trading on Monday, reaching $2.12. The company had a trading volume of 21,602 shares. The firm has a market capitalization of $165.24 million, a P/E ratio of 9.95 and a beta of 1.25. The company has a 50-day moving average of $2.05 and a 200-day moving average of $2.52. Ceragon Networks Ltd. has a 52-week low of $1.88 and a 52-week high of $4.23.

A number of equities research analysts have recently commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $2.50 price objective on shares of Ceragon Networks in a research report on Sunday, October 8th. ValuEngine upgraded Ceragon Networks from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Ceragon Networks from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Ceragon Networks in a research report on Tuesday, August 8th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $2.50.

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An institutional investor recently raised its position in Ceragon Networks stock. State Street Corp grew its stake in shares of Ceragon Networks Ltd. (NASDAQ:CRNT) by 1.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 76,592 shares of the communications equipment provider’s stock after acquiring an additional 1,205 shares during the period. State Street Corp owned about 0.10% of Ceragon Networks worth $195,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 19.88% 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.

Earnings History for Ceragon Networks (NASDAQ:CRNT)

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