Ceragon Reports 17.7% Increase in Quarterly Revenue, GAAP EPS of $0.14 Per Share in the Third Quarter
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Ceragon (NASDAQ: CRNT) reported a 17.7% increase in quarterly revenue, achieving $102.7 million in Q3 2024. The company posted a GAAP EPS of $0.14 per share and reiterated its full-year 2024 outlook. Notably, Ceragon achieved record revenues in India.
November 13, 2024 | 12:15 pm
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Ceragon reported a strong Q3 2024 with a 17.7% increase in revenue and a GAAP EPS of $0.14. The company achieved record revenues in India and reiterated its full-year 2024 outlook.
The 17.7% increase in revenue and strong EPS indicate positive financial performance, likely boosting investor confidence. Record revenues in India and a reiterated full-year outlook further support a positive short-term impact on CRNT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100