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News Breaks
April 2, 2014
05:37 EDTCRNTCeragon Networks lowers Q1 revenue guidance to $70M-$73M from $83M-$93M
Consensus $88.19M. Ceragon Networks announced updated revenue guidance for Q1 in the range of $70M-$73M, below the company's earlier guidance of $83M-$93M, primarily due to the company's decision not to ship and install equipment for a certain customer until completing the renegotiation of payment terms. A secondary factor affecting Q1 revenue was a higher than expected proportion of IP-20 products in Q1 bookings. Some of the orders were received too late in the quarter to ship within the quarter because manufacturing for the new products was ramping and had not reached full productivity.
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November 10, 2014
15:55 EDTCRNTNeedham to hold a conference
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