Ceragon rises on reporting quarterly revenue growth

Ceragon Networks

02/05/2022 12:53

** Shares of provider of 5G wireless transport  CRNT.O  up
3% at $1.97 premarket, after it posted revenue growth and loss
in line with estimates for Q1
    ** Revenue grew nearly 3% to $70.3 mln
    ** Co reported loss of 3 cents a share in Q1, up from 1 cent
a share in year-ago quarter
    ** Wall Street analysts, on average, had estimated co to
report loss of 3 cents a share
    ** At previous close, CRNT down nearly 26% so far this year 

 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))