Ceragon Networks (CRNT -15.9%), a maker of mobile backhaul infrastructure gear, gets crushed...

|About: Ceragon Networks Ltd. (CRNT)|By:, SA News Editor

Ceragon Networks (CRNT -15.9%), a maker of mobile backhaul infrastructure gear, gets crushed after reporting Q3 results. While revenue of of $116.1M (+86% Y/Y) and EPS of $0.02 beat consensus by $2.1M and $0.01, the company is forecasting revenue will grow "at a slower pace than originally expected," due to macro uncertainty and Indian regulatory issues.