Ceragon Networks Ltd Raised FY23 Revenue Guide To $334M-$348M (Prior $325M-$345M) Vs $334.79M Est And Expects Non-GAAP Profitability Vs $0.11 Est; Expects FY27 Revenue Of $500M
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks Ltd has increased its FY23 revenue guidance to $334M-$348M, up from the previous $325M-$345M. The company also expects non-GAAP profitability for the year. Ceragon has set a revenue target of $500M for FY27 and aims to increase gross margins to 34-36%.
August 01, 2023 | 10:45 am
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Ceragon Networks has raised its FY23 revenue guidance and expects non-GAAP profitability. The company also set a revenue target for FY27 and plans to increase gross margins.
Ceragon Networks' raised revenue guidance for FY23 and profitability expectations indicate a positive outlook for the company's performance. This, along with the company's ambitious targets for FY27, could potentially lead to an increase in the company's stock price in the short term.
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