Recap: Ceragon Networks Q1 Earnings

Shares of Ceragon Networks CRNT were unchanged in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 366.67% over the past year to ($0.08), which missed the estimate of ($0.04).

Revenue of $55,871,000 lower by 19.22% year over year, which missed the estimate of $58,560,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: May 04, 2020

Time: 01:03 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/ai8794sx

Recent Stock Performance

Company's 52-week high was at $3.87

Company's 52-week low was at $0.99

Price action over last quarter: Up 17.35%

Company Description

Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.