Ceragon Networks Stock Soars On Q2 Performance, Raises Full-Year Outlook
Portfolio Pulse from Anusuya Lahiri
Ceragon Networks Ltd (NASDAQ: CRNT) reported a Q2 FY23 revenue increase of 21.9% YoY to $86.2 million, beating the consensus of $78.4 million. The company saw strong bookings in India and North America, and raised its FY23 revenue guidance to $334 million - $348 million. CRNT shares traded higher by 7.43% at $2.17.
August 04, 2023 | 9:45 am
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Ceragon Networks reported strong Q2 results and raised its FY23 revenue guidance, leading to a 7.43% increase in its stock price.
Ceragon Networks reported a significant increase in Q2 revenue, beating consensus estimates. The company also raised its FY23 revenue guidance, indicating strong future performance. This positive news led to an increase in the company's stock price.
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