The upcoming earnings report for Ceragon Networks Ltd. (CRNT) is scheduled for Tuesday, May 5th, with a consensus estimated EPS of 0.008.
Ceragon Networks Ltd. (CRNT) is currently priced at $2.46, showing a decrease of -6.5 cents (-2.57%) from the previous close of $2.53. The trading volume is at $95,754, representing a 22.25% increase relative to the average volume.
In the latest quarterly earnings report on Monday, February 16th, CRNT had a consensus estimated EPS of 0.03. The company reported a net income of $129,000 and an EPS of 0.14 cents.
CRNT's cash flow indicates a net change in cash of -$4.62 million, with operating cash flow at $12.00 million. The company ended the period with $38.37 million in cash.
The company generated revenue of $82.33 million, resulting in a gross profit of $27.66 million. CRNT reported an operating income of $1.71 million and a net income of $129,000.
Key ratios for CRNT include a gross profit margin of 33.6%, return on assets of 0.04, and a price-to-earnings ratio of 368.77.
CRNT's balance sheet shows total assets of $317 million, total liabilities of $144.29 million, and net debt of $11.29 million.
This comprehensive analysis provides insights into CRNT's financial performance, upcoming earnings, and market movement.
Ceragon Networks Ltd. provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network. The company also uses microwave technology for ultra-high speed, ultra-low latency communication for wireless 5G and 4G, 3G, and other cellular base stations. In addition, it provides IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/all-indoor solutions comprising IP-20N/IP-20A, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50C, IP-50S, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. Further, the company offers network management system; and network and radio planning, site survey, solutions development, installation, network auditing and optimization, maintenance, training, and other services. It provides its services to oil and gas companies; public safety organizations; business and public institutions; broadcasters; energy utilities; and private communications networks. The company sells its products through direct sales, original equipment manufacturers, distributors, and system integrators. It operates in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was incorporated in 1996 and is headquartered in Rosh HaAyin, Israel.