Ceragon Networks Ltd. (NASDAQ:CRNT) is set to announce second quarter earning results on Monday 3rd August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CRNT to report 2Q20 loss of $ 0.07 per share.
For the full year, analysts anticipate top line of $ 256.68 million, while looking forward to loss of $ 0.13 per share bottom line.
Previous Quarter Performance
Ceragon Networks Ltd. announced loss for the first quarter of $ 0.08 per share, from the revenue of $ 55.87 million. The quarterly revenues down 19.22 percent compared with the same quarter last year. Wall street analysts are predicting, CRNT to report 1Q20 loss of $ 0.04 per share from revenue of $ 58.56 million. The bottom line results missed street analysts by $ 0.04 or 100 percent, at the same time, top line results fell short of analysts by $ 2.69 million or 4.59 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Ceragon Networks Ltd.
Stock Performance
According to the previous trading day, closing price of CRNT was $ 2.62, representing a 164.65 % increase from the 52 week low of $ 0.99 and a 17.87 % decrease over the 52 week high of $ 3.19.
The company has a market capital of $ 212.57 million and is part of the Technology sector and Communication Equipment industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”CRNT” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Conference Call
Ceragon Networks Ltd. will be hosting a conference call at 9:00 AM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ceragon.com
Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service providers network.
