Ceragon Networks (NASDAQ:CRNT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$102.7m (up 18% from 3Q 2023).
• Net income: US$12.2m (up 263% from 3Q 2023).
• Profit margin: 12% (up from 3.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.14 (up from US$0.04 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ceragon Networks Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Communications industry in the US.

The company's shares are up 12% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Ceragon Networks' balance sheet.

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