Ceragon Networks: Q2 Earnings Insights

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Ceragon Networks CRNT reported its Q2 earnings results on Monday, August 1, 2022 at 07:00 AM.

Here’s what investors need to know about the announcement.

Earnings

Ceragon Networks missed estimated earnings by 50.0%, reporting an EPS of $-0.03 versus an estimate of $-0.02.

Revenue was up $2.05 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 4.28% increase in the share price the next day.

Here’s a look at Ceragon Networks’s past performance:

 








Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.03 0.01   -0.04
EPS Actual -0.02 -0.02 0.02 -0.01
Revenue Estimate 71.24M 77.18M 73.30M 65.13M
Revenue Actual 70.32M 77.76M 76.11M 68.62M

To track all earnings releases for Ceragon Networks visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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Image and article originally from www.benzinga.com. Read the original article here.