Ceragon Networks (CRNT) Tops Q1 EPS by 2c

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Ceragon Networks Reports First Quarter 2016 Financial Results

May 9, 2016 7:01 AM EDT

LITTLE FALLS, N.J., May 9, 2016 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist today reported results for the first quarter ended March 31, 2016.

First Quarter 2016 Highlights:

Revenues -- $59.8 million, down 36% from the first quarter of 2015, and down 21% from the fourth quarter of 2015.  

Gross margin 35.6%, compared to 25.9% in the first quarter of 2015 and 32.8% in the fourth quarter of 2015.

Operating income $1.2 million, compared to  operating income of $0.6 million in the first quarter of 2015 and operating income of $8.9 million in the fourth quarter of 2015.... More