Form SC 13D/A CERAGON NETWORKS LTD Filed by: ZISAPEL ZOHAR
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Ceragon Networks Ltd (CRNT) Plans Job Cuts; Sees Additional Q4 Expenses
December 15, 2014 7:18 AM ESTCeragon Networks Ltd (Nasdaq: CRNT) announced further progress on several initiatives aimed at returning to profitability and increasing shareholder value. Ceragon is taking immediate action which is expected to reduce operating expenses by approximately 17% in 2015 compared to 2014. In addition, the company has begun implementing initiatives aimed at gradually improving gross margin, cash flow and working capital during 2015. Through the combination of these efforts, Ceragon intends to reach profitability in the second quarter of 2015.
"We are determined to return Ceragon to profitability as quickly as possible and to preserve our financial flexibility," said... More
