Ceragon Networks (CRNT) Reports In-Line Q2 EPS

Ceragon Networks (NASDAQ: CRNT) reported Q2 EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $70.7 million versus the consensus estimate of $72.39 million.

Outlook:

We are reaffirming our 2022 revenue guidance of $300 - $315 million, and our 2023 revenue guidance of $325 - $345 million. Our guidance is of course subject to potential downsides and upsides as we continue to address supply chain challenges facing the industry. Our 5-year revenue target is approximately $500 million, and we also target increasing our gross margins to at least 34-36% over the same period.

For earnings history and earnings-related data on Ceragon Networks (CRNT) click here.

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