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Stock impact report

Ceragon Reports 17.7% Increase in Quarterly Revenue, GAAP EPS of $0.14 Per Share in the Third Quarter

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
Revenue Diversification, Expense Management, Enable Consistent Profitability;Management Reiterates Midpoint of Full-Year 2024 Outlook  ROSH HA'AIN, Israel, Nov. 13, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the third quarter period ended September 30, 2024.Q3 2024 Financial Highlights:Revenues of $102.7 millionOperating income of $14.6 million on a GAAP basis, or $15.8 million on a non-GAAP basisNet Income of $12.2 million on a GAAP basis, and net income of $14.1 million on a non-GAAP basisEPS of $0.14 per diluted share on a GAAP basis, or $0.16 per diluted share on a non-GAAP basisQ3 2024 Business Highlights:India:-  All-time record quarterly revenues.-  Expanding pipeline of customer opportunities-  Increasing revenue diversification-  Continued ramp up in deliveries for new IP-50CX productNorth America:-  Seven consecutive quarters of revenue above $20 million-  Completed C Show less Read more
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