Ceragon up 7% in pre-market after Q2 earnings beat Street’s views

Wireless solution provider Ceragon Networks Ltd. (Nasdaq:CRNT) is up 7% in pre-market trading today after the company announced ahead of the opening better-than-expected second quarter results. For the quarter ended June 30, Israel-based Ceragon’s net income was $15.5 million, or $0.40 per share, compared with $2.9 million, or $0.09 per share, for the same quarter a year ago. Revenues were $55.2 million, compared with $37.3 million for the quarter a year earlier. Analysts were expecting earnings per share of $0.13 on revenues of $49.5 million.

The company said growth in the Asia Pacific region as well as strong demand helped buoy second-quarter earnings. Ahead of today’s opening, shares are at $8.25, up $0.56 from Friday’s close.

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