CRNT - Ceragon Networks Non-GAAP EPS of -$0.02 beats by $0.01 revenue of $70.3M misses by $0.94M

Ceragon Networks press release (NASDAQ:CRNT): Q1 Non-GAAP EPS of -$0.02 beats by $0.01. Revenue of $70.3M (+2.9% Y/Y) misses by $0.94M. Shares +7.85% PM. Outlook: We continue to target revenue growth in 2022. Assuming an improvement in the components, supply chain and shipping drawbacks, we now expect yearly revenue to be between $300-$315 million vs consensus of $312.38M. Improvement in our gross margin is expected only during the second half of the year, assuming gradual improvement in our supply chain and shipping constrains and costs.

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Ceragon Networks Non-GAAP EPS of -$0.02 beats by $0.01, revenue of $70.3M misses by $0.94M