Ceragon Networks (CRNT) Tops Q2 EPS by 1c, Revenues Beat

August 6, 2018 7:05 AM EDT
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Price: $2.72 -3.2%

EPS Growth %: +128.6%

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Ceragon Networks (NASDAQ: CRNT) reported Q2 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $88.3 million versus the consensus estimate of $86.8 million.

"The second quarter contributed to a strong first half and was in line with our expectations," said Ira Palti, president and CEO of Ceragon. "Our bookings in Q2 continue to support our target quarterly revenue run rate of $80 to $85 million during the second half, and we continue to target an increase in net income for the year. We are increasingly optimistic about the longer-term outlook as we work with operators to plan and implement projects to upgrade, densify and optimize their networks on the road to full 5G deployments during the next several years."

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

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