Ceragon Networks Reports Fourth Quarter and Full Year 2019 Financial Results
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Ceragon Networks (CRNT) Misses Q4 EPS by 5c, Revenues Miss
February 10, 2020 7:06 AM ESTCeragon Networks (NASDAQ: CRNT) reported Q4 EPS of ($0.06), $0.05 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $71.3 million versus the consensus estimate of $71.66 million.
Fourth Quarter 2019 Highlights:
Revenues - $71.3 million, down 16.9% from the fourth quarter of 2018, and down 1.3% from the third quarter of 2019.Gross margin 31.7%, compared to 34.4% in the fourth quarter of 2018 and 32.2% in the third quarter of 2019.Operating income (loss) - $(2.2) million, compared to operating income of $6.5 million in the fourth quarter of 2018, and operating income of $2.1 million in the third quarter of... More