|Bid||2.7000 x 800|
|Ask||2.7100 x 900|
|Day's Range||2.6700 - 2.7400|
|52 Week Range||0.9900 - 3.1900|
|Beta (5Y Monthly)||2.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 02, 2020 - Nov 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.38|
Today's call is being recorded and will be hosted by Mr. Ira Palti, president and CEO of Ceragon Networks. Before we start, I would like to note that this call includes information that constitutes forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations there from will not be material.
Shares of Ceragon Networks (NASDAQ: CRNT) popped today, up by 7% as of 12:40 p.m. EDT, after the company reported second-quarter earnings. The networking technology company also announced a new deal with a wireless carrier in Africa. Revenue in the second quarter came in at $62.4 million, topping the consensus estimate of $57.9 million in sales.
Ceragon (CRNT) delivered earnings and revenue surprises of 33.33% and 11.74%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?