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Technology Stocks : CRNT: Ceragon Networks Ltd.
CRNT 2.600-6.8%Oct 31 3:59 PM EST

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From: JakeStraw7/26/2010 8:26:04 AM
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Ceragon Networks Reports Second Quarter 2010 Financial Results
finance.yahoo.com

"We had an excellent second quarter with record revenues, higher gross margin, and improved operating margin," said Ira Palti, President and CEO of Ceragon. "Global demand remains very strong. Outside of India, where orders are being delayed pending a security-related process being implemented by the government, our book-to-bill was above one. We expect revenues in the third and fourth quarters to be similar to the second quarter. For the full year, we continue to target revenue growth in the range of 30-35%, with profits growing at a higher rate than revenue."
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