Ceragon Q4 Revenue Tops Consensus; Issues Positive FY22 Outlook

By Benzinga
Benzinga
Benzinga
February 7, 2022 Updated: February 7, 2022

Ceragon Networks Ltd. reported fourth-quarter FY21 revenue growth of 5.1 percent year-on-year to $77.76 million, beating the consensus of $77.18 million.

Ceragon saw strong yearly bookings in North America, India, and Europe, with 2021 annual book-to-bill above 1.

Ceragon scooped twenty 5G design wins to date across all geographies.

Operating income was $1 million versus $(1.5) million last year.

The gross margin was 29.4 percent versus 29.1 percent last year.

Non-GAAP EPS loss of $(0.02) missed the consensus of $0.01.

The company held $17.1 million in cash and equivalents and used $9.7 million in operating cash flow.

Outlook

Ceragon Networks sees FY22 revenue of $305 million – $320 million versus the consensus of $313.4 million.

By Anusuya Lahiri

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.

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