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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 Networks (NASDAQ: CRNT) reported strong Q4 2024 financial results with revenues of $106.9 million, up 18.3% year-over-year, marking the highest quarterly revenue since Q4 2014. The company achieved GAAP net income of $3.6 million ($0.04 per diluted share) compared to a loss of $1.2 million in Q4 2023.
For the full year 2024, Ceragon posted revenues of $394.2 million, up 13.5% from 2023, reaching the highest level since 2012. The company achieved record GAAP operating income of $38.7 million and net income of $24.1 million ($0.27 per diluted share).
Notable highlights include record quarterly revenues in India, improved bookings in North America, and strong performance in APAC. For 2025, management expects revenue between $390-430 million with Non-GAAP operating margins of at least 10% at the low end of this range.
Ceragon (NASDAQ: CRNT) has completed the acquisition of End 2 End Technologies, a U.S. systems integration and software development company specializing in Private Networks for Energy and Utilities markets. The acquisition enhances Ceragon's capabilities in the telecommunications connectivity market by adding system integration capabilities and a network management software platform.
End 2 End Technologies brings expertise in radio frequency communications, both broadband and narrowband, along with industrial applications support. The acquisition is expected to be accretive to Non-GAAP Earnings by the second half of 2025. Roth Capital Partners and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo served as advisors to Ceragon, while Jahani and Associates advised End 2 End Technologies.
Ceragon (NASDAQ: CRNT) has completed the acquisition of End 2 End Technologies, a U.S. systems integration and software development company specializing in Private Networks for Energy and Utilities markets. The acquisition enhances Ceragon's capabilities in the telecommunications connectivity market by adding system integration capabilities and a network management software platform.
End 2 End Technologies brings expertise in radio frequency communications, both broadband and narrowband, along with industrial applications support. The acquisition is expected to be accretive to Non-GAAP Earnings by the second half of 2025. Roth Capital Partners acted as financial advisors, while Mintz, Levin, Cohn, Ferris, Glovsky and Popeo provided legal advisory services.
Ceragon Networks (NASDAQ: CRNT), a wireless connectivity solutions provider, has scheduled its Q4 and full year 2024 earnings release for February 11, 2025, before market open. The company will host a Zoom conference call at 8:30 a.m. ET on the same day, featuring a Q&A session for investors. A replay of the call will be available on Ceragon's website within 24 hours after the event.
Ceragon (NASDAQ: CRNT) has announced a definitive agreement to acquire End 2 End Technologies, a US systems integration and software development company, for approximately $8.5 million plus potential additional $4.3 million tied to 2025 financial goals. The acquisition will be financed through available cash, unused credit facilities, and the issuance of 215,000 ordinary shares.
The deal is expected to generate $15-19 million in incremental revenue for Ceragon in 2025 and become accretive to non-GAAP earnings by the second half of 2025. End 2 End Technologies, with approximately 50 employees, specializes in private networks for Energy and Utilities markets, offering system integration capabilities and proprietary network management software.
The acquisition aims to expand Ceragon's market share in private networks in North America and enhance its capabilities in telecommunications connectivity. The transaction is expected to close by the end of January 2025, subject to customary closing conditions.
Ceragon Networks (NASDAQ: CRNT), a provider of end-to-end wireless connectivity solutions, has announced its participation in the 27th Annual Needham Growth Conference in New York City. CEO Doron Arazi and CFO Ronen Stein will deliver a presentation on Wednesday, January 15 at 8:45am ET.
Investors can access the presentation through a webcast available on Ceragon's investor relations website. The management team will also be available for one-on-one meetings during the conference, which can be arranged through Needham representatives or by contacting FNK IR.
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.
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