Ceragon Networks Reports Financial Results For the Second Quarter of 2020
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Ceragon Networks (CRNT) Reports In-Line Q2 EPS, Revenues Beat
August 3, 2020 7:05 AM EDTCeragon Networks (NASDAQ: CRNT) reported Q2 EPS of ($0.07), in-line with the analyst estimate of ($0.07). Revenue for the quarter came in at $62.4 million versus the consensus estimate of $57.93 million.
Second Quarter 2020 Highlights:
$4 million in positive cash flow from operating and investing activities, along with rising revenues, margins and net results compared with Q1'20, reflecting an improving business environment in most regions and the Company's successful focus on execution.Book-to-bill ratio above 1 as multiple service providers accelerate their 4G expansion projects and ISPs move swiftly to fill capacity... More