Ceragon: 2Q Earnings Snapshot
TEL AVIV, Israel (AP) _ Ceragon Networks Ltd. (CRNT) on Monday reported second-quarter net income of $763,000.
On a per-share basis, the Tel Aviv, Israel-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs and stock option expense, came to 3 cents per share.
The provider of wireless backhaul services posted revenue of $73 million in the period.
The company’s shares closed at $2.83. A year ago, they were trading at $3.41.