CRNT - Ceragon Networks Non-GAAP EPS of -$0.03 in-line revenue of $70.7M misses by $1.7M
- Ceragon Networks press release ( NASDAQ: CRNT ): Q2 Non-GAAP EPS of -$0.03 in-line.
- Revenue of $70.7M (+3.1% Y/Y) misses by $1.7M .
- "We are reaffirming our 2022 revenue guidance of $300 - $315 million (vs. consensus of $305.57M), and our 2023 revenue guidance of $325 - $345 million (vs. consensus of $329.67M). Our guidance is of course subject to potential downsides and upsides as we continue to address supply chain challenges facing the industry. Our 5-year revenue target is approximately $500 million, and we also target increasing our gross margins to at least 34-36% over the same period."
- Shares up 5% PM.
For further details see:
Ceragon Networks Non-GAAP EPS of -$0.03 in-line, revenue of $70.7M misses by $1.7M