Ceragon Networks Misses Q3 Earnings Estimates, Revenues Surpass Expectations

Ceragon Networks reported Q3 earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.04 per share. Revenues were $85.48 million, surpassing the Zacks Consensus Estimate by 3.43%. The company has underperformed the market this year, but the Zacks Rank of #2 (Buy) indicates shares are expected to outperform the market in the near future. The current consensus EPS estimate is $0.04 for the coming quarter and $0.09 for the current fiscal year.