Ceragon Networks Q2 Adj EPS $0.05 Beats $0.01 Estimate, Sales $86.15M Beat $78.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks reported Q2 earnings of $0.05 per share, beating the analyst consensus estimate of $0.01 by 400%. This is a 266.67% increase over losses from the same period last year. The company also reported quarterly sales of $86.15 million, beating the analyst consensus estimate of $78.44 million by 9.83%. This is a 21.90% increase over sales from the same period last year.
August 01, 2023 | 10:41 am
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POSITIVE IMPACT
Ceragon Networks reported strong Q2 earnings and sales, both beating analyst estimates. This indicates a positive financial performance and could lead to a short-term increase in stock price.
Ceragon Networks reported a significant increase in earnings and sales compared to the same period last year, and both figures beat analyst estimates. This strong financial performance indicates a healthy financial state for the company, which could make the stock more attractive to investors and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100