Ceragon beats earnings estimates by $0.01 per share
Quarterly profit and revenue exceed analyst forecasts as demand for wireless backhaul solutions strengthens.
Ceragon Networks Ltd. reported earnings that exceeded Wall Street estimates, with adjusted earnings per share of $0.01 above expectations for the latest quarter.
Revenue also topped analyst projections, reflecting sustained demand for the company’s wireless backhaul solutions used in mobile network infrastructure. The company did not provide forward guidance in its earnings release.
Ceragon, which serves telecom operators globally, has faced competitive pressures in recent quarters but noted improved order flow in key markets. The earnings beat follows a period of restructuring aimed at streamlining operations and focusing on higher-margin segments.
Analysts had forecast adjusted earnings per share of $0.05, with revenue estimated at $95 million. The company reported adjusted EPS of $0.06 and revenue of $97.2 million for the quarter.
Shares of Ceragon were indicated modestly higher in pre-market trading following the results.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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