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Stock impact report

Ceragon Networks Reports First Quarter 2017 Financial Results

Ceragon Networks Ltd. - Ordinary Shares (CRNT) 
Last ceragon networks ltd. - ordinary shares earnings: 2/10 07:00 am Check Earnings Report
Company Research Source: PR Newswire
LITTLE FALLS, New Jersey, May 11, 2017 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist today reported results for the first quarter ended March 31, 2017. First Quarter 2017 Highlights:Revenues – $76.0 million, up 27.1% from the first quarter of 2016, and down 10.2% from the fourth quarter of 2016.  Gross margin – 29.3%, compared to 35.6% in the first quarter of 2016 and 32.5% in the fourth quarter of 2016. Operating income – $2.0 million, compared to operating income of $1.2 million in the first quarter of 2016 and operating income of $8.5 million in the fourth quarter of 2016. Net loss – $(0.1) million or $(0.00) per diluted share. Net loss for the first quarter of 2016 was $(0.4) million, or $(0.01) per diluted share. Net income for the fourth quarter of 2016 was $8.3 million, or $0.10 per diluted share.Non-GAAP results – gross margin was 30.0%, operating profit was $2.9 million, and net income was $0.9 million, or $0.01 per diluted share. N Show less Read more
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