Ceragon Networks (CRNT) Tops Q4 EPS by 2c; offers guidance

Ceragon Networks (NASDAQ: CRNT) reported Q4 EPS of $0.04, $0.02 better than the analyst estimate of $0.02. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $84.78 million.

GUIDANCE:

Ceragon Networks sees FY2024 revenue of $385-405 million, representing growth of 11% to 17% compared to 2023 revenue versus the consensus of $392.8 million.

Non-GAAP operating margins are targeted to be at least 10% at the mid-point of the revenue guidance.
As a result, management expects increased non-GAAP profit and positive free cash flow for the full year of 2024.

For earnings history and earnings-related data on Ceragon Networks (CRNT) click here.

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