How did CRNT's Q4 earnings surprise impact investor sentiment?

Ceragon Networks (CRNT) reported its fourth-quarter (Q4) 2024 earnings, with estimated EPS of $0.09 and estimated revenue of $105.16 million. The actual EPS was $0.09, and the actual revenue was $106.93 million. The company's Q4 earnings exceeded expectations in terms of revenue, but not in terms of EPS, as the actual revenue was higher than estimated, while the EPS was in line with expectations. The company's strong revenue growth and margin improvements, as highlighted in the earnings reports, likely contributed positively to investor sentiment. Despite the slight discrepancy between estimated and actual EPS, the overall positive financial performance and the company's guidance for future growth would likely have provided a boost to investor confidence. The fact that the company's shares are up 12% from a week ago also indicates a positive market reaction to the earnings news. Furthermore, the analysts' consensus rating for CRNT is a "Strong Buy" with an average price target of $5.67, which suggests that analysts are optimistic about the company's future performance. This sentiment is reinforced by the company's successful diversification of its customer base and strong growth in private network bookings. In conclusion, CRNT's Q4 earnings report, with its strong revenue growth and margin improvements, has likely had a positive impact on investor sentiment, despite the slight discrepancy between estimated and actual EPS. The company's overall financial performance and future growth prospects continue to be viewed favorably by analysts.