Ceragon Networks (CRNT) Tops Q4 EPS by 1c

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Go back to Ceragon Networks (CRNT) Tops Q4 EPS by 1c

Ceragon Networks Reports Fourth Quarter and Full Year 2015 Financial Results

February 16, 2016 6:00 AM EST

PARAMUS, N.J., Feb. 16, 2016 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today reported results for the fourth quarter and full year ended December 31, 2015.

Fourth Quarter 2015 Highlights:

Revenues -- $75.6 million, down 32% from the fourth quarter of 2014, and down 11% from the third quarter of 2015.

Gross margin 32.8%, compared to 17.8% in the fourth quarter of 2014 and 31.9% in the third quarter of 2015.

Operating income $8.9 million, compared to an operating loss of $(25.9) million in the fourth quarter of 2014 and an operating income of $6.2... More