Ceragon Networks Expects 2024 Revenue of $385M-$405M Vs $392.84M Est, Positive Free Cash Flow
Outlook
For 2024, management expects:
- Revenue of $385 million to $405 million, representing growth of 11% to 17% compared to 2023 revenue. This guidance includes the contribution from Siklu, which was acquired in December 2023.
- Non-GAAP operating margins are targeted to be at least 10% at the mid-point of the revenue guidance.
- As a result, management expects increased non-GAAP profit and positive free cash flow for the full year of 2024.