Why Ceragon Networks Stock Popped Monday

Why Ceragon Networks Stock Popped Monday

Shares of Ceragon Networks (NASDAQ: CRNT) popped today, up by 7% as of 12:40 p.m. EDT, after the company reported second-quarter earnings. The networking technology company also announced a new deal with a wireless carrier in Africa. Revenue in the second quarter came in at $62.4 million, topping the consensus estimate of $57.9 million in sales.