CRNT: Ceragon Networks Ltd. Instablogs

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Monday, May 6, 8:16 AM Ceragon (CRNT): Q1 EPS of -$0.16 beats by $0.01. Revenue of $90.1M (-18% Y/Y) misses by $4.79M. (PR) Comment! [Earnings, Breaking News, Tech]
Monday, May 6, 12:05 AM Notable earnings before Monday’s open: APO, BPI, CRNT, EXXI, PETS, SYY, TESO, TSN, WLK, ZINC Comment! [Earnings]
Sunday, May 5, 5:30 PM Notable earnings before Monday’s open: APO, BPI, CRNT, EXXI, PETS, SYY, TESO, TSN, WLK, ZINC Comment! [Earnings]
Monday, April 8, 9:34 AM 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) Comment! [Tech, Earnings, On the Move]
Thursday, February 14, 8:39 AM Ceragon (CRNT): Q4 EPS of $0.01 beats by $0.08. Revenue of $106.8M beats by $9.11M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, February 6, 12:51 PM The average mobile user gobbled up 201MB of data/month in 2012, more than twice the 92MB/month consumed in 2011, according to this year's update to Cisco's (CSCO) Visual Networking Index. Cisco predicts mobile data traffic will post a 66% CAGR from 2012-2017, with 47% of 2017 traffic coming from Asia-Pac, 46% being offloaded onto Wi-Fi gear and femtocells, and 66% stemming from mobile video (YouTube dominates). Key mobile infrastructure players: ERIC, ALU, FFIV, ALLT, PKT, RKUS, DRWI, CRNT (last year: I, II) 2 Comments [Tech]
Thursday, January 10, 10:13 AM DragonWave (DRWI -19.9%) plummets after missing FQ3 forecasts and guiding for FQ4 revenue $40M-$45M, below a $49.1M consensus. FQ3 gross margin was 19%, up from 15% in FQ2 but down from 41% in the year-ago period, as the company continues to struggle to digest Nokia Siemens' wireless backhaul unit. CC at 11:30AM ET (webcast). (PR) (slides - PDF) Comment! [Tech, On the Move, Earnings]
Friday, January 4, 1:51 PM Ceragon (CRNT -5.1%) slips after stating $11M-$14M in revenue expected to be recognized in 2012 has been pushed out to 2013 due to a customer "requiring additional acceptance procedures and documentation" for purchased equipment. The company adds its net cash position nonetheless rose by $12M-$13M in Q4 thanks to strong collections. Wireless backhaul equipment rival DragonWave (DRWI -1.1%) is down slightly. (PR) Comment! [Tech, Earnings, On the Move]
Wednesday, October 31, 2012, 1:59 PM 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. Comment! [Tech, Earnings, On the Move]
Wednesday, October 31, 2012, 12:45 PM Midday top 10 gainers: SHF +46%. WRC +37%. OPNT +29%. RRGB +25%. MPAC +23%. RCON +23%. HNSN +20%. CVLT +20%. ARWR +20%. GPRE +19%. Midday top 10 Losers: IQNT -35%. OXF -31%. BCRX -29%. WU -28%. PBIB -25%. CRNT -24%. CHRM -20%. CBAK -18%. RVBD -19%. NBG -18%. 2 Comments [On the Move]
Monday, October 29, 2012, 9:01 AM Ceragon Networks (CRNT): Q3 EPS of $0.09 misses by $0.02. Revenue of $118M (+2% Y/Y) misses by $3.3M. (PR) Comment! [Earnings, Tech]
Monday, August 6, 2012, 8:08 AM Ceragon Networks (CRNT): Q2 EPS of $0.08 beats by $0.01. Revenue of $119M (+7.9% Y/Y) misses by $1.3M. (PR) Comment! [Earnings, Tech]
Monday, May 7, 2012, 9:21 AM Ceragon Networks (CRNT): Q1 EPS of $0.05 misses by $0.01. Revenue of $117.8M (+17.4% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Tuesday, February 28, 2012, 8:45 AM Ceragon Networks (CRNT): Q4 EPS of $0.06 in-line. Revenue of $118.5M (+76.9% Y/Y) beats by $1M. (PR) Comment! [Earnings, Tech]
Monday, November 7, 2011, 10:46 AM Though rival Ceragon (CRNT -15.1%) is getting clocked following its Q3 report, DragonWave (DRWI +3.2%) is rising on an upgrade to Buy from Jefferies. The firm believes DragonWave's recent acquisition of Nokia Siemens' (NOK, SI) wireless backhaul business will create a "huge revenue opportunity in Western and Southern Europe," as 4G LTE network rollouts take off in 2014. Comment! [Tech, On the Move, Quick Ideas]
Monday, November 7, 2011, 10:23 AM 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. 2 Comments [Tech, Earnings, On the Move]

CRNT Ceragon Networks Ltd.

CRNT

Ceragon Networks Ltd.