Ceragon Networks Q3 earnings announcement

CRGN announced Q3 2015 earnings (quarter ended September 30, 2015) this morning. Revenues were $85.4 million down from $99 million last year. They made a Non-GAAP profit of $.05 per share versus a $.05 loss last year. Their focus on profitability rather than revenues seems to be paying off. For the nine months they now have a Non-GAAP profit of $.07 versus a loss of $.37 last year. They paid down about $6 million of debt in Q3 and now have less than $5 million of net debt. Our valuation moved down a bit to $4.54 from $4.84 last quarter. We are not concerned by the small drop in valuation and maintain this as a BUY.

http://finance.yahoo.com/news/ceragon-networks-reports-third-quarter-123000706.html

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s