Ceragon Networks Reiterates FY24 Revenue $385M-$405M Vs $394.127M Est.
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks has reiterated its FY24 revenue guidance, projecting revenues to be in the range of $385M-$405M, which aligns closely with the analyst estimate of $394.127M.

May 07, 2024 | 11:05 am
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Ceragon Networks reaffirms its FY24 revenue guidance, indicating confidence in meeting or exceeding market expectations.
By reiterating its revenue forecast, Ceragon Networks demonstrates confidence in its financial outlook, which is likely to reassure investors and potentially have a positive impact on its stock price in the short term. The alignment with analyst estimates further strengthens the positive outlook, as it suggests that the company's performance is in line with market expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90