Welcome to our dedicated page for Ceragon Networks news (Ticker: CRNT), a resource for investors and traders seeking the latest updates and insights on Ceragon Networks stock.
Ceragon Networks Ltd (NASDAQ: CRNT) is renowned as the world’s leading wireless backhaul specialist, providing high-capacity wireless connectivity solutions across the globe. Specializing in 5G and 4G broadband wireless connectivity, Ceragon enhances operational efficiency for service providers, public safety organizations, government agencies, and utility companies. Their innovative solutions empower these entities to deliver mission-critical multimedia services and other high-speed, reliable applications.
Ceragon’s core technology, based on a unique multicore approach, offers highly reliable, high-capacity wireless transport with minimal resource utilization. This efficiency translates into increased productivity and simplified network modernization. The company’s IP-50 and IP-20 platforms, along with the PointLink solutions, are instrumental in delivering these capabilities.
Geographically, Ceragon generates its major revenue from India, though it has a significant presence in North America, Europe, Africa, Asia-Pacific, the Middle East, and Latin America. Their deployment spans over 600 service providers and more than 1,600 private network owners in over 130 countries. With a complete portfolio of turnkey end-to-end AI-based managed and professional services, Ceragon ensures efficient network rollout and optimization to maximize value for customers.
Recent achievements include securing a substantial $150 million contract with a Tier 1 operator in India for a network modernization project, and the acquisition of Siklu, enhancing Ceragon’s portfolio with advanced millimeter wave solutions. In 2024, Ceragon expects to deliver revenues between $385-405 million and has moved its long-term target for $500 million in annual revenue forward by 12 months to 2026.
The company is also committed to providing solutions for private networks, particularly in the energy sector, evidenced by their recent strategic deals worth $10 million in Q1 2024. Ceragon continues to evolve with innovations like the Neptune SoC-based millimeter wave technology capable of 100 Gbps, showcased at Mobile World Congress 2024.
For more information, visit www.ceragon.com.
Ceragon (NASDAQ: CRNT) reported strong Q3 2024 financial results with revenues of $102.7 million, up 17.7% year-over-year. The company achieved GAAP operating income of $14.6 million and net income of $12.2 million, resulting in EPS of $0.14 per share. India contributed 49% of revenue, hitting all-time record quarterly revenues, while North America maintained strong performance with seven consecutive quarters above $20 million. The company reiterated its 2024 outlook, expecting revenue between $390-400 million and non-GAAP operating margins of at least 10% at the midpoint.
Ceragon Networks (NASDAQ: CRNT), a wireless connectivity solutions provider, has announced its participation in two upcoming investor conferences in November 2024. The company will attend the 18th Annual Needham Security, Networking, and Communications Conference virtually on November 14, and the 13th Annual ROTH Technology Conference at the Hard Rock Hotel in New York City on November 20. Both events will feature one-on-one meetings throughout the day. Conference materials will be available on Ceragon's Investor Relations website section.
Ceragon Networks (NASDAQ: CRNT), a leading provider of 5G wireless transport solutions, has announced that it will release its third quarter 2024 financial results on Wednesday, November 13, 2024, before the market opens. The company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a Q&A session for investors. Interested parties can register for the call through a provided link. For those unable to attend the live call, a replay will be available on Ceragon's website within 24 hours after the call.
Ceragon (NASDAQ: CRNT), a leading provider of end-to-end wireless connectivity solutions, has announced its participation in the Lake Street Capital Markets 8th Annual Best Ideas Growth "Big8" Conference on September 12, 2024, in New York City. CEO Doron Arazi will be hosting one-on-one meetings with institutional investors to discuss the company's growth strategy and efforts to unlock operating leverage in its business model.
Investors interested in scheduling a meeting with Doron Arazi can contact their Lake Street representative or reach out to FNK IR at crnt@fnkir.com for more information. This conference provides an opportunity for Ceragon to showcase its wireless connectivity solutions and engage with potential investors.
Ceragon (NASDAQ: CRNT) reported strong financial results for Q2 2024, with revenues of $96.1 million, up 11.5% year-over-year. The company achieved a GAAP operating income of $10.4 million and net income of $7.8 million, resulting in EPS of $0.09 per diluted share. Ceragon's success was driven by significant penetration into private networks and robust demand in India. The company delivered over 20,000 radio units of its new IP-50CX product in India and secured nine new private network customers in North America. Management reiterated its full-year 2024 outlook, projecting revenue growth of 11% to 17% and targeting non-GAAP operating margins of at least 10% at the mid-point of revenue guidance.
Ceragon (NASDAQ: CRNT), a leading provider of 5G wireless transport solutions, has announced its plans to release second quarter 2024 financial results on August 7, 2024, before the market opens. The company will host a Zoom conference call at 8:30 a.m. ET on the same day to discuss the results and conduct a Q&A session for investors. Interested parties can register for the call online, and a replay will be available on Ceragon's website within 24 hours after the call.
Ceragon (NASDAQ: CRNT), a leading wireless connectivity solutions provider, has announced significant progress in its transition towards a recurring revenue model. The company's new Smart Activation Key software has gained substantial adoption, with tens of thousands of licenses ordered in the first half of the fiscal year. This innovative software simplifies the activation process for network radios and their features, allowing simultaneous activation and upgrade of thousands of devices.
The Smart Activation Key enables higher business flexibility, offering customers various pricing options, including term licenses and per-usage fees. It also provides intelligent usage tracking for data-driven decision-making. This shift towards a Software as a Service (SaaS) model is part of Ceragon's strategy to mitigate revenue fluctuations associated with cyclical hardware sales and create more predictable, recurring revenue streams.
Ceragon Networks (NASDAQ: CRNT) has announced a multi-million dollar order from a leading American ISP to deliver nearly 1,000 new E-Band links by the end of 2024. The long-standing partnership leverages Siklu by Ceragon technology to expand high-speed internet connectivity across the U.S. The ISP, known for its strong market presence, serves residential MDUs, single-family homes, and businesses. Hundreds of links from this order have already been deployed, with the rest expected by Q4. Additionally, Ceragon and the ISP are testing a next-generation 20Gbps product to ensure top-tier service for years. CEO Doron Arazi highlights this deal as a strategic move to enhance market share in the ISP and Private Networks sectors.
Ceragon Networks has appointed Robert Wadsworth to its Board of Directors, effective May 30, 2024. Wadsworth is a seasoned venture capitalist with extensive M&A experience in U.S. capital markets, having been a founding partner of HarbourVest Partners and serving in various senior roles from 1986 to 2018. He will bring valuable expertise in creating value and driving inorganic growth, which is expected to benefit Ceragon as it aims to enhance its financial and operational position. Wadsworth's appointment coincides with the departure of Ira Palti, who has significantly contributed to the company over the years.
Ceragon Networks reported strong financial results for the first quarter of 2024, with revenues of $88.5 million, up 6.1% year-over-year. The company highlighted continued strong demand in North America and India, with a focus on 5G wireless transport solutions. Ceragon's CEO expressed confidence in the full-year outlook, expecting revenue growth of 11% to 17% compared to 2023. The company aims for non-GAAP operating margins of at least 10% and anticipates increased profitability and positive free cash flow for 2024.
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