Ceragon Networks (CRNT) Tops Q2 EPS by 1c, Revenues Beat
Get Alerts CRNT Hot Sheet
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ASML slides as Q1 sales fall short but firm still on track for 2025 revenue target
- CSX reiterates FY outlook as Q1 results top estimates
- First Industrial Realty (FR) Tops Q1 EPS by 21c
Create E-mail Alert Related Categories
Earnings, Guidance, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!