Ceragon Networks Ltd. (NASDAQ:CRNT) is set to announce third quarter earning results on Monday 2nd November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CRNT to report 3Q20 loss of $ 0.01 per share.
For the full year, analysts anticipate top line of $ 263.57 million, while looking forward to loss of $ 0.14 per share bottom line.
Previous Quarter Performance
Ceragon Networks Ltd. posted loss for the second quarter of $ 0.06 per share, from the revenue of $ 62.43 million. The quarterly revenues down 13.69 percent compared with the same quarter last year. Street analysts expected Ceragon Networks Ltd. to report loss of $ 0.07 per share on revenue of $ 57.93 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 14.29 percent, at the same time, top line results outshined analysts by $ 4.50 million or 7.77 percent.
Stock Performance
On Friday, shares of Ceragon Networks Ltd. has traded high as $ 2.28 and has cracked $ 2.21 on the downward trend, reaching $ 2.21 with volume of 316.10 thousand shares.
According to the previous trading day, closing price of $ 2.21, representing a 128.28 % increase from the 52 week low of $ 0.99 and a 23.13 % decrease over the 52 week high of $ 2.94.
The company has a market capital of $ 179.32 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Ceragon Networks Ltd. will be hosting a conference call at 9:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 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.
