Ceragon posts 4Q profit

TEL AVIV, Israel (AP) _ Ceragon Networks Ltd. (CRNT) on Wednesday reported fourth-quarter earnings of $8.3 million.

The Tel Aviv, Israel-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 7 cents per share.

The provider of wireless backhaul services posted revenue of $84.7 million in the period.

For the year, the company reported profit of $11.4 million, or 15 cents per share. Revenue was reported as $293.6 million.

The company's shares closed at $4.15. A year ago, they were trading at $1.12.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRNT at https://www.zacks.com/ap/CRNT


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