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Ceragon Networks sees improvement ahead after Q3 again hit by delayed orders

Monday 4 November 2019 | 14:48 CET | News
Ceragon Networks reported lower results for the third quarter, pulled down by continued order delays in India and another one in Latin America, for a large project. As a result, revenues fell 16.6 percent year-on-year to USD 72.2 million, while the net profit dropped to USD 0.2 million or USD 0.0 per diluted share, from 6.2 million and 0.08 per share. However, CEO Ira Palti noted strong demand outside of India and expects revenue in most regions to improve in the fourth quarter and throughout 2020. Growth next year, and especially in the second half, will also be pushed by new 5G design wins

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Categories: Mobile & Wireless
Companies: Ceragon
Countries: World
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