Ceragon Networks Ltd Expects FY23 Revenue $338M-$346M (Prior $334M-$348M) Vs $340.97M Est, FY27 Revenue $500M
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks Ltd has updated its full-year revenue guidance for FY23 to $338 million to $346 million, up from the previous guidance of $334-$348 million. The company also expects full-year non-GAAP profitability. Ceragon's revenue target for fiscal 2027 is approximately $500 million, with a target to increase gross margins to at least 34-36% over the same period.
November 06, 2023 | 12:06 pm
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Ceragon Networks has raised its FY23 revenue guidance and expects full-year non-GAAP profitability. The company also has a revenue target of $500 million for FY27 and aims to increase gross margins to 34-36%.
The company's raised revenue guidance for FY23 and the positive outlook for FY27, along with the expectation of increased gross margins, indicate a positive financial performance in the future. This could lead to an increase in the company's stock price in the short term.
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