Ceragon Networks (NASDAQ: CRNT), a wireless backhaul provider, reported earnings of 17 cents per share for Q4. Sales topped analyst estimates, and earnings smashed the predictions. The consensus estimate was 15 cents per share, which was beaten by 2 cents. Surprisingly the highest expectation from any analyst was just 16 cents per share, which Ceragon beat by 6.3%. The stock fell over 5% today as investor claimed their profits on the positive news.
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