Ceragon: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

TEL AVIV, Israel (AP) _ Ceragon Networks Ltd. (CRNT) on Monday reported a loss of $6.3 million in its fourth quarter.

On a per-share basis, the Tel Aviv, Israel-based company said it had a loss of 8 cents. Losses, adjusted for amortization costs and non-recurring costs, were 4 cents per share.

The provider of wireless backhaul services posted revenue of $74 million in the period.

For the year, the company reported that its loss widened to $17.1 million, or 21 cents per share. Revenue was reported as $262.9 million.

Ceragon expects full-year revenue in the range of $275 million to $295 million.

Ceragon shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRNT at https://www.zacks.com/ap/CRNT