Ceragon Networks Reports Third Quarter 2019 Financial Results
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Ceragon Networks (CRNT) Misses Q3 EPS by 3c, Revenues Miss
November 4, 2019 7:07 AM ESTCeragon Networks (NASDAQ: CRNT) reported Q3 EPS of $0.01, $0.03 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $72.2 million versus the consensus estimate of $84.74 million.
Third Quarter 2019 Highlights:
Revenues - $72.2 million, down 16.6% from the third quarter of 2018, and down 1.1% from the second quarter of 2019.Gross margin 32.2%, compared to 35.0% in the third quarter of 2018 and 36.1% in the second quarter of 2019.Operating income - $2.1 million, compared to $7.9 million in the third quarter of 2018, and $4.1... More