Alvarion’s Q1 beats the Street, guides Q2 inline to above
WiMAX and broadband provider Alvarion Ltd. (Nasdaq: ALVR) posted first-quarter results early Monday that trumped the consensus on Wall Street. The Israeli company also issued second-quarter guidance inline to above analysts’ estimates, noting that they will they will continue to pursue cost controls in light of a beleaguered dollar and target higher level business, which will lift operating expenses.
Shares gained 7%, or $0.47, to $7.25 in pre-market trading. For detailed price information and recent news stories about Alvarion, click ALVR.
