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Ceragon Networks Ltd lowers Q1 2014 revenue guidance

Wednesday, 2 Apr 2014 01:00am EDT 

Ceragon Networks Ltd:Announced updated revenue guidance for the Q1 2014 in the range of $70 million to $73 million.The company's earlier guidance was $83 million to $93 million.The revised guidance due to the company's decision not to ship and install equipment for a certain customer until completing the renegotiation of payment terms.A secondary factor affecting Q1 revenue was a higher than expected proportion of IP-20 products in Q1 bookings.Some of the orders were received too late in the quarter to ship within the quarter because manufacturing for the new products was ramping and had not reached full productivity. 

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