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Ceragon (CRNT -5.9%) warns it expects to report Q1 revenue of $89M-$91M and EPS of -$0.15 to...

Apr. 08, 2013 9:34 AM ETCeragon Networks Ltd. (CRNT) StockCRNT, DRWIBy: Eric Jhonsa, SA News Editor

Ceragon (CRNT -5.9%) warns it expects to report Q1 revenue of $89M-$91M and EPS of -$0.15 to -$0.18, below a consensus of $101.7M and $0.02. The mobile backhaul equipment maker says it's "taking longer than we expected to close certain deals," due to the "cautious approach" of carriers. Though Ceragon expects Q2 bookings to improve a bit thanks to seasonality, it sees "longer sales cycles" persisting. Ceragon and rival DragonWave (DRWI -2.5%) appear to be losing share to larger mobile infrastructure providers. (DragonWave's FQ4 warning)

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