HomeEquities Scorewhy Ceragon Networks Ltd. (NASDAQ:CRNT) stock dropped yesterday

why Ceragon Networks Ltd. (NASDAQ:CRNT) stock dropped yesterday

Yesterday’s opening price for Ceragon Networks Limited was $5.68%, however, the stock closed down-15.63% to $5.45 from the previous close. There were 16,498,578 shares traded during the day, compared with an average volume of 1.88 Million over the past month. Nevertheless, the stock went up 1.10% in the after-hours.

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The Company

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Ceragon Networks Ltd. (NASDAQ: CRNT) is the world’s leading provider of wireless backhaul and fronthaul solutions that help operators and other service providers improve operational efficiency and enhance the end-customer quality of experience.

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It’s hard to say for sure why this stock dropped yesterday aside from “restless investors.” Fact is, the only major news so far this month directly affecting stocks is the Earnings announcement.

Recent News

January 13, 2021, Ceragon Networks Inc. (NASDAQ: CRNT) announced that it will release its fiscal 2019 earnings statistics on January 31, 2021, before the market opening.

To discuss the results and answer questions for the investment community, the Company will host a conference call at 9:00 a.m. ET on the same day. Investments are welcome by calling (877)-692-8955 or (234)-720-6979 and entering the following access code: 8323785.

A live webcast of the call can be accessed at www.ceragon.com/investors/webcasts/.

If you cannot attend live, the replay number is USA: (866) 207-1041 International: +1 (402) 970-0847, Conference Access Code: 4510933. This audio replay will be available through March 8, 2021.

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