Ceragon Provides Update in Response to Business Effects of COVID-19 Pandemic
Ceragon Networks Ltd. - Ordinary Shares (CRNT)
Last ceragon networks ltd. - ordinary shares earnings: 2/10 07:00 am
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US:NASDAQ Investor Relations:
ceragon.com/about-ceragon/investor-relations
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Source: PR Newswire
LITTLE FALLS, New Jersey, April 6, 2020 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless hauling specialist, today provided an update on the impact of the COVID-19 pandemic on its business and operations following the Company's announcement on February 10th 2020.As COVID-19 continues to spread globally, and as many countries have entered full or partial lockdowns, the Company is assessing the effect on its Q1 and full 2020 annual results. Revenues for the first quarter are expected to be at the range of $55.5-57 million, mainly due to delays in the pace of network rollouts and shipments, as lockdowns and other COVID-19 related measures are inevitably causing a slowdown in customers' ability to execute on their network expansion plans. At the same time, demand during Q1 was much stronger than anticipated, especially towards the end of the quarter, with a high book-to-bill ratio of well above 1. As much of the population remains homebound, service providers are taki
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CRNT
Earnings
- 11/13/24 - Beat
CRNT
Sec Filings
- 11/22/24 - Form 144
- 11/22/24 - Form 144
- 11/22/24 - Form 144
- CRNT's page on the SEC website