Ceragon Networks Reports Second Quarter 2019 Financial Results

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Go back to Ceragon Networks Reports Second Quarter 2019 Financial Results

Ceragon Networks (CRNT) Tops Q2 EPS by 1c

August 12, 2019 7:03 AM EDT

Ceragon Networks (NASDAQ: CRNT) reported Q2 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $73 million versus the consensus estimate of $72.33 million.

Second Quarter 2019 Highlights:

Revenues - $73.0 million, down 17.4% from the second quarter of 2018, and up 5.5% from the first quarter of 2019.Gross margin 36.1%, compared to 32.5% in the second quarter of 2018 and 35.6% in the first quarter of 2019.Operating income - $4.1 million, compared to $6.4 million in the... More