Jefferies Raises Price Target on Ceragon Networks (CRNT) to $2.50
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Ceragon Networks Reports Third Quarter 2016 Financial Results
November 14, 2016 7:00 AM ESTLITTLE FALLS, New Jersey, Nov. 14, 2016 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today reported results for the third quarter which ended September 30, 2016.
Third Quarter 2016 Highlights:
Revenues - $79.1 million, down 7% from the third quarter of 2015, and up 13% from the second quarter of 2016.
Gross margin - 32.9%, compared to 31.9% in the third quarter of 2015, and compared to 34.7% in the second quarter of 2016.
Operating income - $5.8 million, compared to $6.2 million in the third quarter of 2015, and $4.0 million in the second quarter of... More
