Ceragon Networks (CRNT) Earning Somewhat Favorable News Coverage, Report Finds
News coverage about Ceragon Networks (NASDAQ:CRNT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ceragon Networks earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave media stories about the communications equipment provider an impact score of 46.1682506148406 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Ceragon Networks (NASDAQ CRNT) traded up $0.07 during trading on Friday, reaching $2.15. The company had a trading volume of 305,884 shares, compared to its average volume of 412,011. The firm has a market cap of $161.90, a P/E ratio of 10.75 and a beta of 1.06. Ceragon Networks has a twelve month low of $1.64 and a twelve month high of $4.23.
Ceragon Networks (NASDAQ:CRNT) last issued its quarterly earnings data on Monday, November 6th. The communications equipment provider reported $0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. The business had revenue of $75.99 million for the quarter, compared to the consensus estimate of $78.22 million. Ceragon Networks had a return on equity of 12.60% and a net margin of 5.06%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS. equities analysts forecast that Ceragon Networks will post 0.18 EPS for the current fiscal year.
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Ceragon Networks Company Profile
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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