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 Networks Ltd (NASDAQ: CRNT) announced a follow-on frame agreement with a Tier 1 Operator in the Pacific Rim valued at up to $23M for 2021-2022. This agreement aims to enhance network coverage and reliability as the operator transitions to 5G technology. Ceragon's solutions will help extend coverage to rural areas, significantly reducing build service costs. The operator has previously launched 5G services with over 700 sites and achieved record site deliveries with Ceragon’s support.
Ceragon Networks Ltd. (NASDAQ: CRNT) announced a partnership with a Colombian Tier-1 operator to enhance 4G and future 5G network capabilities. The agreement, valued at over $26 million for 2021 and 2022, will support extensive network expansion and a government-sponsored rural connectivity project. Ceragon's multicore technology will enable high-capacity backhaul infrastructure across thousands of sites, enhancing operational efficiency and service quality. This collaboration aims to bridge the digital divide, especially in rural Colombia, promoting socio-economic development.
Ceragon Networks Ltd. (NASDAQ: CRNT) reported Q4 2020 revenues of $74.0 million, up 3.8% year-over-year, and $262.9 million for the full year, down 7.9% from 2019. Operating loss was $(1.5) million in Q4, with a GAAP EPS of $(0.08). Gross margin decreased to 29.1% in Q4 from 31.7% a year prior, attributed to customer agreements and supply chain costs. The company anticipates 2021 revenue between $275-$295 million, citing ongoing 5G momentum as a growth driver.
Ceragon Networks Ltd. (NASDAQ: CRNT) will announce its fourth quarter and full year earnings results on February 8, 2021, before market opens. A conference call will follow at 9:00 a.m. ET to discuss the results, accessible via the USA at (877)-692-8955 or internationally at +1 (234)-720-6979. A live webcast is available online, with a replay option lasting until March 8, 2021. Ceragon specializes in innovative wireless backhaul and fronthaul solutions for 5G and 4G networks, positioning itself as a key player in enhancing service efficiency for customers globally.
Ceragon Networks Ltd. (NASDAQ: CRNT) reported a net profit of $1.6 million for Q3 2020, despite COVID-19 challenges, benefiting from ISP and 4G operator projects. Revenues were $70.6 million, slightly down from $72.2 million in Q3 2019 but up from $62.4 million in Q2 2020. The gross margin improved to 33.4%, and operating income was $3.4 million. Progress was noted in 5G initiatives with new design wins and initial orders. Cash equivalents decreased to $29.2 million from $35.2 million in Q2 2020. The company expresses confidence in its position amid rising demand for broadband expansion.
Ceragon Networks Ltd. (NASDAQ: CRNT) will announce its third quarter 2020 financial results on November 2, 2020, before market hours. A conference call is scheduled for 9:00 a.m. EST to discuss these results. Investors can join by calling (844) 291-6360 in the USA or +1 (234) 720-6993 internationally, using access code 2739037. The call will also be available via a live webcast on Ceragon's investor page. A replay will be accessible through December 2, 2020.
Ceragon Networks Ltd (NASDAQ: CRNT) announced on Sept. 16, 2020, that its new IP-50C quad-carrier all-outdoor solution has been chosen by several 5G service providers in Europe and North America. This solution, part of the IP-50 wireless hauling platform, promises to accelerate 5G deployments by delivering up to 8Gbps capacity in a compact design. The IP-50C supports wide microwave channels up to 224MHz, enhancing 5G backhaul efficiency. Leading operators will benefit from reduced costs and faster market entry, optimizing their 5G network operations.
Ceragon Networks Ltd (NASDAQ: CRNT) has partnered with Orange Niger to modernize its network for 4G services in a multi-million-dollar project. The collaboration will enhance Orange Niger's backbone network, doubling its capacity to 4Gbps and targeting over 1 million 4G subscribers by the end of 2020. Ceragon's advanced technologies enable efficient rollouts with reduced hardware requirements. This partnership is aimed at improving service reliability and achieving significant cost savings for Orange Niger.
Ceragon Networks Ltd. (NASDAQ: CRNT) reported its Q2 2020 results with revenues of $62.4 million, down from $73 million in Q2 2019 but up from $55.9 million in Q1 2020. The company recorded a net loss of $5.5 million, or $0.07 per diluted share. Positive cash flow of $4 million was achieved, supported by stable operations in North America, Europe, and APAC. Despite COVID-19 challenges, the 5G rollout trend is expected to drive future growth. Cash and cash equivalents stood at $35.2 million as of June 30, 2020.
Ceragon Networks Ltd. (NASDAQ: CRNT), a leader in wireless hauling, will announce its second quarter 2020 financial results on August 3, 2020, before market hours. A conference call will take place at 9:00 a.m. EST that day. Investors can join by phone or listen online via the company's website. With over 460 service providers in more than 130 countries utilizing its advanced solutions for 5G and 4G networks, Ceragon emphasizes operational efficiency and customer satisfaction.
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