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Ceragon Networks Reports Third Quarter 2019 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, Nov. 4, 2019 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist today reported results for the third quarter which ended September 30, 2019. Third Quarter 2019 Highlights:Revenues - $72.2 million, down 16.6% from the third quarter of 2018, and down 1.1% from the second quarter of 2019. Gross margin – 32.2%, compared to 35.0% in the third quarter of 2018 and 36.1% in the second quarter of 2019. Operating income - $2.1 million, compared to $7.9 million in the third quarter of 2018, and $4.1 million in the second quarter of 2019. Net income - $0.2 million, or $0.00 per diluted share for the third quarter of 2019, compared to $6.2 million, or $0.08 per diluted share, in the third quarter of 2018. Net income for the second quarter of 2019 was $0.8 million, or $0.01 per diluted share.Non-GAAP results – Gross margin was 32.2%, operating income was $2.6 million, and net income was $0.5 million, or $0.01 per diluted share. For re Show less Read more
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