Ceragon Networks Q3 Adj EPS $0.06 Beats $0.03 Estimate, Sales $87.26M Beat $84.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks reported Q3 earnings of $0.06 per share, beating the analyst consensus estimate of $0.03 by 100%. The company also reported quarterly sales of $87.26 million, beating the estimate of $84.53 million by 3.23%. This represents a 20% increase in earnings and a 10.95% increase in sales compared to the same period last year.
November 06, 2023 | 12:03 pm
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Ceragon Networks reported better than expected Q3 earnings and sales, which could positively impact its stock price.
Ceragon Networks reported Q3 earnings and sales that beat analyst estimates, which is typically a positive signal for the stock. The company's earnings per share increased by 100% compared to estimates and sales increased by 3.23% compared to estimates. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100