Ceragon Indicates Q2 2019 Revenue Was Affected by a Further Delay in Receiving Certain Orders From India
Ceragon Networks Ltd. - Ordinary Shares (CRNT)
Last ceragon networks ltd. - ordinary shares earnings: 2/10 07:00 am
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Source: PR Newswire
LITTLE FALLS, New Jersey, July 2, 2019 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced a further delay in receiving certain large orders from India. The orders, which the company had expected in time to be able to recognize a significant portion of the related revenue during the second quarter of 2019, are now expected in the third quarter. As a result of the further delay, approximately $20 million of revenue was pushed out from the second quarter. The remainder of Ceragon's global business was slightly better than management's expectations during the quarter. Due to the unanticipated delay in the orders from India, the company currently estimates that that its second quarter 2019 results will include revenue in the range of $71 million to $74 million. On a GAAP basis, net results are expected to be in the range of a small loss to a small profit, with a net profit on a non-GAAP basis. This does not represent an update of prio
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Earnings
- 11/13/24 - Beat
CRNT
Sec Filings
- 11/21/24 - Form 144
- 11/19/24 - Form 144
- 11/19/24 - Form 144
- CRNT's page on the SEC website