Ceragon Networks Ltd reports results for the quarter ended June 30 - Earnings Summary

• Ceragon Networks Ltd CRNT reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 11 cents. The mean expectation of four analysts for the quarter was for earnings of 4 cents per share. 4 cents per share.

• Revenue fell 14.4% to $82.26 million from a year ago; analysts expected $91.16 million.

• Ceragon Networks Ltd's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $1.27 million.

• Ceragon Networks Ltd shares had fallen by 8.1% this quarter and lost 51.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Ceragon Networks Ltd is $4.75, about 52.4% above its last closing price of $2.26

This summary was machine generated from LSEG data August 6 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)