Ceragon Earnings Exceed Expectations at $0.07, with Profit Surpassing Forecasts

According to Ceragon's (NASDAQ: CRNT) report, the earnings per share for the third quarter was $0.160, outperforming analysts' expectations of $0.090 by $0.07. The reported profit for this quarter was $102.7 million, while analyst expectations stood at $102.61 million.

Ceragon's guidance for the fiscal year 2024 profit is set between $390 million and $400 million, compared to analyst estimates of $392.4 million.

Ceragon's stock closed the day at $2.56, indicating an 11.110% decrease in value over the past three months. However, the stock has appreciated by 45.450% over the last 12 months. In the last 90 days, Ceragon reported 1 positive earnings per share and 0 negative earnings per share.

You can examine how Ceragon's stock price has reacted to past earnings reports. According to InvestingPro, Ceragon has a financial health score of "Good performance."

Explore the latest earnings reports and all financial information related to Ceragon here. Stay updated on all developments regarding balance sheets by visiting the Investing.com Earnings Calendar.