CRNT - Ceragon Networks' Q3 earnings tops estimates; guides full year revenue in-line with consensus

Ceragon Networks (NASDAQ:CRNT) has slipped 1% premarket after it reported third quarter earnings where it beat consensus on top and bottom lines. Revenue grew 8% year-over-year to $76.1M, compared to the estimates of $73.3M. The adjusted earnings per share of $0.02 were one cent better than analysts expected. Gross profit margin of 30.9%, compared with 33.4% in Q3 2020 and 31.9% in Q2 2021. Operating income was $2.9M compared with $3.4M for Q3'20 and $0.5 million for Q2'21. Cash and cash equivalents were $27.2M on September 30, 2021, compared to $28.7M on June 30, 2021. Outlook FY21: Ceragon (CRNT) sees revenue $275M-$295M vs. $287.57M consensus. Previously (Nov. 1): Ceragon Networks EPS beats by $0.01, beats on revenue.

For further details see:

Ceragon Networks' Q3 earnings tops estimates; guides full year revenue in-line with consensus