Ceragon Networks Reiterated FY24 Revenue Of $385M-$405M Vs $394.72M Est
Portfolio Pulse from Benzinga Newsdesk
Ceragon Networks has reiterated its FY24 revenue outlook of $385M-$405M, representing an 11%-17% growth compared to 2023. This includes contributions from the recently acquired Siklu. The company also targets non-GAAP operating margins of at least 10% and expects increased non-GAAP profit and positive free cash flow for 2024.
August 07, 2024 | 11:04 am
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Ceragon Networks has reiterated its FY24 revenue outlook of $385M-$405M, representing an 11%-17% growth compared to 2023. This includes contributions from the recently acquired Siklu. The company also targets non-GAAP operating margins of at least 10% and expects increased non-GAAP profit and positive free cash flow for 2024.
The reiterated revenue outlook and positive financial targets indicate strong future performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100