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Stock Market & Financial Investment News

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.
News For CRNT From The Last 14 Days
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October 30, 2014
14:21 EDTCRNTCeragon Networks downgraded to Buy from Strong Buy at Needham
Needham downgraded Ceragon Networks to Buy with a $4 price target following the company's Q3 results.
09:24 EDTCRNTCeragon Networks expects US projects to start ramping up towards end of Q1
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09:19 EDTCRNTCeragon Networks expects to temper revenue in 2015 due to increased selectivity
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09:18 EDTCRNTCeragon Networks sees more optimal revenue mix in 2015 due to geography shift
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09:13 EDTCRNTCeragon Networks says biggest challenge in 2014 is direct result of success
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08:44 EDTCRNTCeragon Networks reports Q3 adjusted EPS (5c), consensus (3c)
Reports Q3 revenue $99.0M, consensus $94.96M.

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