CRNT out with earnings this morning. Revenues fine, eps light (an adjusted loss of .04 vs expectatons of flat).
They also gave guidance for 2021. Revenues should grow some, but it will be a slower first half, with total revenue guidance of 275 -$295 mil... Overall, revenue guidance for the year seems weakish, and in fact is a smidge under analsysts expectations. Thats a problem for me considering the big recent runnup in share price...seems weak. I have no idea why the share price is moving higher in the premarket but its one of those stocks that has really moved higher on humongous volume with lots of mojo; and that super hot israeli analyst's fund (ARC investments) bought lots of it. Well, could be monving up cause my brief analysis could is completely wrong.
Seems like an ok short, but with the crowd luvin CRNT, and the 5G sector hot, I just don't wanna. best.
