Ceragon Networks Ltd. (CRNT) Reports Strong Second Quarter Results – Discusses Increased Revenues and Raises FY08 Guidance
Shares of Ceragon Networks Ltd. (NASDAQ: CRNT), a global provider of high-capacity broadband wireless systems for next-generation networks, traded higher earlier this week after the company reported positive results for the second quarter. During the second quarter, which ended on June 30, 2008, revenues reached $55.2 million, an impressive 47.9 percent year-over-year increase from $37.3 million during the second quarter of 2007 and a 17 percent gain from $47.2 million in the first quarter of this year. Reaching an all-time record revenue of $55 million, the company’s non-GAAP net income totaled $0.13 per diluted share, compared to net income of…