Benzinga | Nov 2, 2020 08:29AM EST

Recap: Ceragon Networks Q3 Earnings



Shares of Ceragon Networks (NASDAQ:CRNT) moved higher by 0.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 200.00% year over year to $0.03, which beat the estimate of ($0.01).

Revenue of $70,581,000 declined by 2.19% from the same period last year, which missed the estimate of $71,890,000.

Guidance

Ceragon Networks hasn't issued any earnings guidance for the time being.

Ceragon Networks hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $3.00

Company's 52-week low was at $0.99

Price action over last quarter: down 20.71%

Company Overview

Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.