Ceragon Networks Reports 2021 First Quarter Financial Results

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Go back to Ceragon Networks Reports 2021 First Quarter Financial Results

Ceragon Networks (CRNT) Tops Q1 EPS by 2c, Revenues Beat

May 3, 2021 7:06 AM EDT

Ceragon Networks (NASDAQ: CRNT) reported Q1 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $68.3 million versus the consensus estimate of $64.55 million.

Primary First Quarter 2021 Financial Results:

Revenues were $68.3 million, up 22.2% from $55.9 million in Q1 2020 and down 7.7% from $74.0 million in Q4 2020. Our revenues varied from region to region and were in line with the effect that COVID has had on local business operations and network build-out plans.

Gross profit was $20.1 million, giving us a gross margin of 29.5%, compared with a gross margin of 25.1% in Q1 2020... More