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Ceragon: 2Q Earnings Snapshot

August 12, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRNT at https://www.zacks.com/ap/CRNT

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