CRNT - Ceragon Networks Non-GAAP EPS of $0.05 revenue of $78.65M beats by $0.17M
- Ceragon Networks press release ( NASDAQ: CRNT ): Q3 Non-GAAP EPS of $0.05.
- Revenue of $78.65M (+3.3% Y/Y) beats by $0.17M .
- "Given only a slight improvement in supply chain issues, which continue to impact our ability to convert our strong backlog into revenues, we now expect to finish the year with a revenue range of $296M - $304M (vs. consensus of $304.57M). Our revenues within the new range will primarily be affected by a recent policy change by one of our leading customers regarding equipment receipt prior to year-end. We expect that any portion which will not be delivered to this customer in Q4 2022 will be delivered in Q1 2023. Our 2023 revenue guidance of $325M - $345M remains unchanged (vs. consensus of $329.69M).
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Ceragon Networks Non-GAAP EPS of $0.05, revenue of $78.65M beats by $0.17M