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News Watch
- 3/31/2009 7:17:22 AM
By Chip Brian, SmarTrend Analytics Team
Barclays Capital lowered its estimates and target price for Ceragon Networks (NASDAQ:CRNT), citing that challenges, which Ceragon previously discussed in its fiscal Q1 preanouncement, are unlikely to "ease in the near-term." Barclays lowered its fiscal 2009 EPS and revenues estimates to 12 cents on $179 million, vs. consensus estimates of 31 cents on revenues of $214 million. Barclays also lowered its estimates for fiscal 2010 to EPS of 30 cents on revenues of $252 million, vs. consensus estimates of 47 cents per share on revenues of $240 million. The company also lowered its price target to $4.00.
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