Analysts expect that Ceragon Networks Ltd. (NASDAQ:CRNT) will report earnings of $0.05 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Ceragon Networks’ earnings. Ceragon Networks reported earnings of $0.06 per share in the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The firm is scheduled to announce its next earnings results on Monday, November 13th.

On average, analysts expect that Ceragon Networks will report full-year earnings of $0.20 per share for the current financial year, with EPS estimates ranging from $0.19 to $0.21. For the next fiscal year, analysts forecast that the business will report earnings of $0.21 per share, with EPS estimates ranging from $0.19 to $0.23. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Ceragon Networks.

Ceragon Networks (NASDAQ:CRNT) last issued its quarterly earnings results on Monday, August 7th. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. Ceragon Networks had a return on equity of 13.52% and a net margin of 5.00%. The business had revenue of $93.30 million during the quarter, compared to analyst estimates of $87.84 million. During the same quarter in the prior year, the business posted $0.02 EPS. Ceragon Networks’s revenue for the quarter was up 33.3% compared to the same quarter last year.

A number of analysts have recently commented on CRNT shares. ValuEngine cut shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut shares of Ceragon Networks from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Ceragon Networks in a research note on Tuesday, August 8th. Five equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $2.83.

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Several hedge funds have recently added to or reduced their stakes in CRNT. Parametric Portfolio Associates LLC increased its stake in shares of Ceragon Networks by 23.9% during the second quarter. Parametric Portfolio Associates LLC now owns 59,132 shares of the communications equipment provider’s stock worth $151,000 after purchasing an additional 11,410 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Ceragon Networks by 64.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 60,871 shares of the communications equipment provider’s stock worth $155,000 after purchasing an additional 23,880 shares in the last quarter. State Street Corp increased its stake in shares of Ceragon Networks by 1.6% during the second quarter. State Street Corp now owns 76,592 shares of the communications equipment provider’s stock worth $195,000 after purchasing an additional 1,205 shares in the last quarter. Eagle Global Advisors LLC increased its stake in shares of Ceragon Networks by 113.0% during the second quarter. Eagle Global Advisors LLC now owns 98,000 shares of the communications equipment provider’s stock worth $250,000 after purchasing an additional 52,000 shares in the last quarter. Finally, Spark Investment Management LLC purchased a new stake in shares of Ceragon Networks during the second quarter worth about $305,000. 20.64% of the stock is owned by institutional investors and hedge funds.

Shares of Ceragon Networks (NASDAQ:CRNT) traded down 0.48% during midday trading on Friday, reaching $2.07. The company’s stock had a trading volume of 205,081 shares. The firm has a market capitalization of $161.23 million, a P/E ratio of 9.72 and a beta of 1.19. Ceragon Networks has a 12-month low of $1.95 and a 12-month high of $4.23. The stock has a 50-day moving average of $2.28 and a 200 day moving average of $2.92.

About Ceragon Networks

Ceragon Networks Ltd. offers wireless backhaul solutions. The Company’s products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others.

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Earnings History and Estimates for Ceragon Networks (NASDAQ:CRNT)

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