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.
Friends Read Free