Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Ceragon Networks (CRNT) Share Price
News headlines about Ceragon Networks (NASDAQ:CRNT) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ceragon Networks earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 45.1832024783588 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Ceragon Networks (CRNT) opened at $1.98 on Wednesday. The company has a market capitalization of $157.23, a price-to-earnings ratio of 10.10 and a beta of 1.07. Ceragon Networks has a twelve month low of $1.64 and a twelve month high of $4.23.
Ceragon Networks (NASDAQ:CRNT) last posted its quarterly earnings results on Monday, November 6th. The communications equipment provider reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $75.99 million for the quarter, compared to analysts’ expectations of $78.22 million. Ceragon Networks had a return on equity of 12.60% and a net margin of 5.06%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. equities analysts predict that Ceragon Networks will post 0.18 EPS for the current year.
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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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