Seeking Alpha

Ceragon (CRNT -23.6%) is making multi-year lows after missing Q3 estimates and guiding on its...

Ceragon (CRNT -23.6%) is making multi-year lows after missing Q3 estimates and guiding on its earnings call for Q4 revenue of $104M-$110M, below a $121.3M consensus. The mobile backhaul equipment vendor mentioned negotiations with carriers are taking longer, and 2013 budgets are receiving more scrutiny. It's launching a restructuring program it hopes will lower opex by 11%. Peers DragonWave (DRWI -2.4%) and Aviat (AVNW -2.9%) are also lower. Plenty of other names are suffering (I, II) due to weak telecom capex.
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