Ceragon Networks (CRNT) Scheduled to Post Quarterly Earnings on Wednesday

Ceragon Networks (NASDAQ:CRNT) is set to issue its quarterly earnings data before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Ceragon Networks Stock Up 4.1 %

NASDAQ CRNT opened at $2.53 on Tuesday. The stock’s 50-day simple moving average is $2.61 and its two-hundred day simple moving average is $2.66. Ceragon Networks has a twelve month low of $1.69 and a twelve month high of $3.38. The company has a market capitalization of $216.11 million, a price-to-earnings ratio of 21.08 and a beta of 1.35.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CRNT shares. Roth Mkm started coverage on Ceragon Networks in a report on Monday, October 28th. They set a “buy” rating and a $4.50 price target on the stock. Roth Capital raised Ceragon Networks to a “strong-buy” rating in a research report on Monday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $5.25 price target on shares of Ceragon Networks in a research report on Thursday, August 8th. Two analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus price target of $4.88.

About Ceragon Networks

Ceragon Networks Ltd., together with its subsidiaries, provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network.