Ceragon Networks reports Q1 adjusted EPS 3c, consensus 3c

Reports Q1 revenue $88.7M, consensus $87.01M. CEO Doron Arazi commented: “Ceragon’s solutions are well-positioned for the needs of our customers, as was validated by customers at Mobile World Congress. The continued expansion of relevant and creative use-cases globally is encouraging and is indicative of a potential increase in our targeted addressable market. Our increased marketing efforts and the E2E acquisition have strengthened our private network sales pipeline. On the expense side, we remain disciplined while still making the necessary investments for achieving our long-term goals.”