Ceragon Networks Company Profile (NASDAQ:CRNT)

Ceragon Networks trades on the NASDAQ under the ticker symbol "CRNT."

Ceragon Networks Ltd. (NASDAQ:CRNT) posted its quarterly earnings results on Thursday, May, 11th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company earned $76.02 million during the quarter, compared to analysts' expectations of $74.09 million. Ceragon Networks had a return on equity of 10.27% and a net margin of 3.79%. The firm's revenue was up 27.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. View Ceragon Networks' Earnings History.

Ceragon Networks is scheduled to release their next quarterly earnings announcement on Wednesday, August, 9th 2017. View Earnings Estimates for Ceragon Networks.

3 brokers have issued 12-month target prices for Ceragon Networks' shares. Their forecasts range from $3.00 to $3.00. On average, they expect Ceragon Networks' stock price to reach $3.00 in the next twelve months. View Analyst Ratings for Ceragon Networks.

Here are some recent quotes from research analysts about Ceragon Networks stock:

• 1. According to Zacks Investment Research, "Ceragon Networks Ltd. is a leading provider of high-capacity wireless backhaul solutions for cellular and fixed wireless operators, enterprises and government organizations. Ceragon's modular FibeAir product family is recognized as the gold standard for backhaul transmission and is also one of the top solutions chosen by cellular operators for SONET/SDH rings. A scalable, future-proof solution for wireless transport of broadband services, FibeAir operates across multiple frequencies for IP and SONET/SDH protocols, supporting the emerging needs of next-generation networks that are evolving to all-IP based services, including triple-play. It leads the market in IP backhaul, offering a unique, native IP solution that provides the efficient, robust connectivity required for WiFi, WiMAX and converged networks. " (7/11/2017)
• 2. Jefferies Group LLC analysts commented, "seasonal dip" in Q1'17. The street estimates $72M for Q1'17, $75M for Q2'17.Analyst James Kisner commented, "CRNT positively pre-announced H1'17 results driven by a surge in orders from a mobile operator in India. Ceragon stated it has increased expectations for gross profit in H1'17, but gross margin is likely to be lower given the margin profile of business in India. CRNT declined to raise CY17 guidance (or provide an update Q4), citing only "increased confidence" that it can be met or exceeded. We're keeping our Hold rating." (1/19/2017)
• 3. Needham & Company LLC analysts commented, "At 17.4x EV/E on CY17 estimates Ceragon looks fairly valued. The share price up 248% over the last year versus 20% for the S&P 500 has discounted the improved business outlook, improving Gross Margins, and recent contract wins in our opinion. The stock is 18% above our prior price target of $3.00. Ceragon's management expects flat Revenues in CY17 with flat OPEX at recent levels and modestly improving Gross Margins resulting in modest improvements in EPS. We think the expectations have run ahead of these management guidelines." (1/17/2017)

Some companies that are related to Ceragon Networks include ShoreTel (SHOR), NVE Corporation (NVEC), MagnaChip Semiconductor Corporation (MX), Sonus Networks (SONS), Model N (MODN), Silicom Ltd (SILC), MeetMe (MEET), Park Electrochemical Corporation (PKE), Cutera (CUTR), Magic Software Enterprises (MGIC), Intelsat S.A. (I), NeoPhotonics Corporation (NPTN), Telenav (TNAV), pdvWireless (PDVW), Limelight Networks (LLNW), Calix (CALX), NQ Mobile (NQ) and Mitek Systems (MITK).

Ceragon Networks' management team includes the folowing people:

• Zohar Zisapel, Chairman of the Board
• Ira Palti, President, Chief Executive Officer
• Doron Arazi, Chief Financial Officer, Executive Vice President
• Amit Ancikovsky, Regional President-Latin America & Africa
• Charles Meyo, Regional President-North America
• Flavio Perrucchetti, Regional President-Europe
• Ram Prakash Tripathi, Regional President-APAC
• Nurit Kruk-Zilca, Executive Vice President - Human Resources
• Yuval Reina, Executive Vice President - Global Products
• Oz Zimerman, Executive Vice President-Global Corporate Development

Shares of Ceragon Networks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Ceragon Networks stock can currently be purchased for approximately $2.58.