Ceragon Networks Ltd. (NASDAQ: CRNT), the 1 wireless hauling specialist, today reported results for the first quarter ended March 31, 2020.

Ceragon (CRNT) delivered earnings and revenue surprises of -166.67% and 99226.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Ceragon (CRNT) saw a big move last session, as its shares jumped nearly 11% on the day, amid huge volumes.

Ceragon Networks Ltd. (NASDAQ: CRNT), the 1 wireless backhaul specialist, indicated that it's CEO, Ira Palti, will address investors at the Needham Growth Conference on January 14, 2020 at 4:10-4:50 pm ET. His remarks will be webcast live and available on demand after the conference from Ceragon's website. Key points from his planned remarks are summarized below. Final results for Q4/FY 2019 will be released on February 10, 2020. During the Q4 results call, management will share its 2020 financial targets, after completion of its annual plan.

The worst monthly jobs report in the series’ 72-year history wasn’t able to derail the market’s recent rally. Labor Department data showed that the US lost 20.5 million jobs in April, sending the unemployment rate up to 14.7%.But there may be some glints of hope. First, the unemployment number came in slightly lower than the 22 million predicted, in a sign that maybe – just maybe – the third quarter will be less bad. There is one more point, sometimes overlooked, that may bear out the upbeat view. Unlike previous recessionary events, in which job losses were permanent, the Labor Department data this time shows that nearly 18 million of the unemployed are reported as ‘temporarily out of work;’ that is, they can expect to find their jobs waiting for them once the economy reopens. Yes, the recovery will take longer than the initial fall – but there is a chance that it will come on faster and stronger than the naysayers believe.The market’s resilience in the face of high unemployment and the ongoing pandemic issues raises a question, of course: which stocks are best to buy into? The analysts at investment firm Needham have pinpointed three companies in the networking and cloud software fields that are primed for gains.Using TipRanks’ Stock Comparison tool, we lined up the three alongside each other to get the lowdown on what the near-term holds for these top Needham picks.Ceragon Networks, Ltd. (CRNT)First on the list is Ceragon, a manufacturer of wireless networking hardware. Ceragon is heavily invested in both urban wireless infrastructure and the coming 5G rollout, making it uniquely well positioned to benefit from the lockdown orders. As people are required to remain at home, and hundreds of thousands of workers switched to remote work situations, demand for wireless services has increased.Despite running net losses for the past two quarters, Ceragon shares have dramatically outperformed the broader markets. Since the bear cycle began on February 19, Ceragon has actually gained 12%, making a sharp contrast with the 13% net loss on the S&P 500 index.Covering this stock for Needham, 5-star analyst Alex Henderson writes: “We expect Ceragon to weather the current economic challenges as it sells to Service Providers. The company noted a strengthening of demand due to sharp increases in network traffic. We expect demand to outstrip Revenue, driving a positive Book-to-Bill across CY20... Longer term, we see Ceragon as a clear 5G beneficiary. As we move into CY21, demand for higher speeds and greater software flexibility play to Ceragon's key product advantages.”In line with his long-term optimism, Henderson upgraded his stance on Ceragon from Neutral to Buy. His $3.25 price target implies an impressive upside potential of 46%. (To watch Henderson’s track record, click here)Looking at the consensus breakdown, only one other analyst has thrown an opinion into the mix. The rating is a Hold, making the Street consensus a Moderate Buy. (See Ceragon stock analysis on TipRanks)CommVault Systems (CVLT)Next up is a software company, in the cybersecurity niche. CommVault offers products for data management and protection, as well as backup and recovery, retention and compliance, and cloud management. The value of Commvault’s product in today’s digital world is clear: in fiscal 2019, the company brought in $711 million in total revenues.CommVault will report earnings for the current quarter (fiscal Q4) on May 12, and is expected to show EPS of 9 cents, up 28% year-over-year despite the recessionary pressures of recent months. In its last quarter, fiscal Q3 reported in January, CVLT beat the forecasts on both earnings (showing 18 cents per share) and revenues (showing $176.4 million).Jack Andrews, another 5-star analyst with Needham, was impressed enough with CVLT to initiate coverage of the stock with a Buy rating and a $55 price target, suggesting a 22% growth potential for the coming year. (To watch Andrews’ track record, click here)Andrews lays out a clear case for near-term value here: “We believe revenue growth could benefit from a renewal cycle which should begin to occur in FY21. In essence, CVLT has transitioned its perpetual software business to a recurring model and these contracts are expected to come up for renewal… we believe this should provide a tailwind to growth.”CommVault has attracted more attention from Wall Street than Ceragon above, and that attention is mainly positive. Of 5 recent reviews, 4 are Buys and one is a Hold, giving the stock an analyst consensus rating of Strong Buy. Shares are selling for $45, and the $50 average price target implies room for an 11% upside potential. (See CommVault stock analysis on TipRanks)Dynatrace, Inc. (DT)Last up is Dynatrace, another software company. Dynatrace focuses on AI software designed to monitor and manage cloud infrastructure, important functions for cloud and networking companies. DT’s products help minimize networking strains by tagging potential problems before they disrupt systems.Dynatrace went public just one year ago, and turned profitable in Q4 2019, when it showed 6 cents EPS. The estimate for the coming earnings report is for a 3-cent per share profit. The fact that DT is turning profits so soon after its IPO, and even in the current COVID-19 environment, is testament to the strength and necessity of the company’s niche. This is another company that impressed Needham’s Andrews enough to initiate coverage as a Buy. He wrote of Dynatrace, “We believe Dynatrace has room to grow its already leading position within enterprise customers, which are only ~10% penetrated. Additionally, we believe the expansion opportunity is still nascent as ~80% of DT's expansion business is derived from the growth of APM to additional hosts… new catalysts that should drive improved monetization, and an attractive valuation on both an absolute and relative basis.”Andrews backed his Buy rating with a $36 price target, indicating his confidence in a 10% upside potential for the stock.DT shares have recently powered right through their average price target, another indicator of investor confidence. The stock sells for $32.99, about 13% above the average price target of $28.80. Expect Wall Street’s investors to revisit their expectations here in the near future. In the meantime, 8 of 10 reviews on this stock are to Buy, giving DT a Strong Buy analyst consensus rating. (See Dynatrace stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Q1 2020 Ceragon Networks Ltd Earnings Call

CRNT earnings call for the period ending March 31, 2020.

Ceragon (CRNT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Bharti Airtel (NSE: BHARTIARTL), India's largest integrated telecommunications company, and Ceragon Networks Ltd. (Ceragon) (NASDAQ: CRNT), the 1 wireless hauling specialist, today announced that Bharti Airtel ("Airtel"), has selected Ceragon's products and services for additional 4G network expansions beginning first quarter of 2020.

Today we'll evaluate Ceragon Networks Ltd. (NASDAQ:CRNT) to determine whether it could have potential as an investment...

Shares of Ceragon Networks (NASDAQ:CRNT) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 366.67% over the past year to ($0.08), which missed the estimate of ($0.04).Revenue of $55,871,000 lower by 19.22% year over year, which missed the estimate of $58,560,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 04, 2020View more earnings on CRNTTime: 01:03 PM ETWebcast URL: https://edge.media-server.com/mmc/p/ai8794sxRecent Stock Performance Company's 52-week high was at $3.87Company's 52-week low was at $0.99Price action over last quarter: Up 17.35%Company Description Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.See more from Benzinga * Pitney Bowes: Q1 Earnings Insights * Despegar.com: Q1 Earnings Insights * Epizyme: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Ceragon Networks Ltd. (CRNT) warned that first-quarter revenues would be impacted by delays in the pace of network rollouts and shipments, as many countries around the world have entered into lockdowns to contain the fast spread of the coronavirus pandemic.Furthermore, the wireless backhaul company said it also expects deliveries in the second quarter to be negatively impacted due to the movement restrictions implemented by global governments. In the first quarter, Ceragon sees revenue to be in the range of $55.5 million to $57 million, which is below the consensus of $64 million."Our customers are doing everything they can these days in order to increase network capacity and support the sudden surge in network traffic emerging from the COVID-19 pandemic,” said Ceragon’s President and CEO Ira Palti. “Our main objective is to help our customers scale up faster than ever.”At the same time, Ceragon reported that demand during the first quarter was “much stronger than anticipated”, especially towards the end of the quarter, with a high book-to-bill ratio of well above 1. The company believes that “strong demand” for its products and services will continue during 2020.“The need for increased network capacity from cell sites to the network core will remain long after the current crisis is resolved and will fuel the transition to 5G, with Ceragon's flexible wireless hauling solutions playing a leading role in this transition in 2020,” Palti said.The two Wall Street analysts covering Ceragon in the last three months have a Hold rating on the company. George Iwanyc at Oppenheimer has a $3.50 price target on the stock, which represents 126% upside potential in the next 12 months.  (See Ceragon’s stock analysis on TipRanks) Related News: 3 “Strong Buy” Penny Stocks With Over 50% Upside Potential Varonis Scraps 2020 Outlook, Reports Preliminary Q1 Revenue Below Estimates Due to Coronavirus Crisis Tactile Systems Pre-Releases 1Q; Pulls FY20 Guidance on Covid-19 More recent articles from Smarter Analyst: * 3 "Strong Buy" Biotech Stocks with FDA Approvals on the Horizon * Boeing Shares Spike 15% on Plans to Resume Production Next Week * AMC to Raise $500 Million in Debt Offer to Boost Cash Coffers; Shares Soar 31% * Twitter Loses Six-Year U.S. Legal Battle Over Surveillance Secrecy Disclosure

Ceragon Networks Ltd. (NASDAQ: CRNT), the 1 wireless hauling specialist, today is providing details of the conference call for its first quarter 2020 financial results. The Company will issue a press release announcing its results during pre-market hours on May 4, 2020.

Ceragon Networks Ltd. (NASDAQ: CRNT), the 1 wireless backhaul specialist, today is providing details of the conference call for its fourth quarter and full year 2019 financial results. The Company will issue a press release announcing its results during pre-market hours on Monday, February 10, 2020.

Q4 2019 Ceragon Networks Ltd Earnings Call

The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

Shareholders might have noticed that Ceragon Networks Ltd. (NASDAQ:CRNT) filed its first-quarter result this time last...

This month, we saw the Ceragon Networks Ltd. (NASDAQ:CRNT) up an impressive 46%. But that isn't much consolation to...

Ceragon Networks Ltd. (NASDAQ: CRNT), the 1 wireless hauling specialist, today provided an update on the impact of the COVID-19 pandemic on its business and operations following the Company's announcement on February 10th 2020.

Ceragon Networks Ltd. (NASDAQ: CRNT), the 1 wireless backhaul specialist today reported results for the fourth quarter and full year ended December 31, 2019.