Ceragon Networks Expects 2024 Revenue of $385M-$405M Vs $392.84M Est, Positive Free Cash Flow
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks projects its 2024 revenue to be between $385M and $405M, indicating an 11% to 17% growth from 2023, factoring in contributions from its recent acquisition of Siklu in December 2023. The company also targets non-GAAP operating margins of at least 10% and anticipates increased non-GAAP profit along with positive free cash flow for the full year.
February 20, 2024 | 12:21 pm
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Ceragon Networks expects a revenue increase to $385M-$405M in 2024, with growth attributed to the Siklu acquisition and aims for a non-GAAP operating margin of at least 10%.
The projected revenue growth and positive cash flow outlook for Ceragon Networks, especially following the Siklu acquisition, suggest a positive short-term impact on CRNT's stock price. The specific revenue figures and margin targets provide a clear financial direction, likely boosting investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100