Ceragon Networks Ltd. (CRNT) has released an update.
Ceragon Networks Ltd. has shown a positive trajectory in its Q1 2024 financial results, with revenue increasing by 6.1% year-over-year to $88.5 million, and a significant rise in bookings, especially in North America and India. The company’s net income on a non-GAAP basis was $4.7 million, with an earnings per share of $0.05. Reinforcing investor confidence, Ceragon reasserted its full-year 2024 revenue forecast, anticipating growth of 11% to 17%, and projecting increased non-GAAP profit and positive free cash flow.
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