Bullish option flow was detected in CRNT stock on January 15, 2021.
Make sure to review this lesson on options trading so that you understand the chart above.
Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless hauling specialist, today announced that it will release its earnings results for the fourth quarter and full year ended December 31, 2020 on Monday, February 8, 2021 before the market opens.
When Ceragon Networks last reported earnings on November 2, 2020, they had an impressive beat on earnings with a small miss on revenue. Ceragon Networks reported Q3 EPS 3c versus the consensus estimate of (1c). The company reported Q3 revenue of $70.6M versus the consensus estimate of $71.89M. Ira Palti, President and CEO of Ceragon, commented, “Q3 was a strong period for Ceragon, reflecting the market’s urgent need for increased network capacity and its recognition of the critical advantages of our solutions, coupled with our focused execution despite the COVID-19 environment. During the quarter, we achieved new 5G design wins, some of which have already translated into small orders, and completed significant shipments against large-scale 4G expansion projects. We also benefited from ISP activities in the US and Europe, as they move quickly to address broadband gaps left underserved by operators.
Ceragon Networks Ltd. (NASDAQ: CRNT) is a wireless hauling specialist. They help operators and other service providers worldwide increase operational efficiency and enhance end customers’ quality of experience with innovative wireless backhaul and fronthaul solutions. Their customers include wireless service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 5G & 4G, mission-critical multimedia services and other applications at high reliability and speed.
Ceragon’s unique multicore technology and disaggregated approach to wireless hauling provides highly reliable, fast to deploy, high-capacity wireless hauling for 5G and 4G networks with minimal use of spectrum, power and other resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. Their solutions are deployed by more than 460 service providers, as well as hundreds of private network owners, in more than 130 countries.