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Ceragon Networks Ltd - CRNT STOCK NEWS

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.

News

Ceragon Reports 20% Growth in the Fourth Quarter of 2023; Exceeds Full-Year 2023 Guidance

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Ceragon Networks Ltd. (CRNT) reports strong financial results for Q4 2023 and FY 2023, with revenues up significantly year-over-year. The company achieved record operating income and non-GAAP profits, driven by the acquisition of Siklu. Ceragon expanded its presence in North America and India, experiencing strong demand for its 5G wireless transport solutions.
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Ceragon Networks Set to Deliver Multiple Industry-First Innovations at MWC 2024

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Ceragon Networks Ltd. (CRNT) announces plans to showcase industry-first innovations at Mobile World Congress 2024, including a Neptune SoC-based millimeter wave technology with 100 Gbps capacity. The recent acquisition of Siklu expands Ceragon's millimeter wave solutions portfolio for various applications. Visitors can explore the IP-50CX microwave radio and IP-50EX millimeter wave radio for high performance in compact designs.
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Ceragon Networks to Announce Fourth Quarter and Full-Year 2023 Financial Results and Host Investor Conference Call on February 20, 2024

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Ceragon Networks Ltd. (CRNT) is set to release its earnings results for Q4 and full-year 2023 on February 20, 2024. A Zoom conference call will follow to discuss the results and address questions from the investment community. The company advises that the timing of the release and call may change due to the ongoing situation in Israel.
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Ceragon Anticipates Reaching the High-End of 2023 Revenue Guidance, Expects Double-Digit Growth and Targets Margin Expansion in 2024

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Ceragon Networks Ltd. expects full-year 2024 revenue of $385-405 million and targets operating margins of at least 10% at revenue midpoint. The company moves long-range target for $500 million in annual revenue forward by 12 months to 2026. The CEO expects continued double-digit growth, reflecting expansion of the addressable market and further penetration into the private network ecosystem in 2024. The integration of Siklu is well underway, and the company expects to reach the long-term revenue target a year earlier than expected, with solid margin expansion and continued profitability.
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Ceragon Signs an Agreement with a Global Integrator Valued at Approximately $150 Million to Modernize a Tier 1 Operator Network in India

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Ceragon Networks Ltd. (NASDAQ: CRNT) has signed a $150 million agreement with a global integrator to support a network modernization project for a Tier 1 Operator in India. The project includes planning, product delivery, and deployment services, as well as a multi-year contract for Ceragon's Managed Services. The company will deploy its new ultra-compact, energy-efficient radio in tens of thousands of new sites, with approximately 75% of the project value expected to be recognized within 7-9 quarters.
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Ceragon Networks to Participate in the Needham Growth Conference

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Ceragon Networks Ltd. (NASDAQ: CRNT) will attend the 26th Annual Needham Growth Conference on January 17-18, 2024 in New York. CEO Doron Arazi and CFO Ronen Stein will host a live webcast presentation at 10:15 a.m. ET on January 17, 2024. The presentation will be available on Ceragon's website. They will also conduct one-on-one investor meetings throughout the conference.
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Ceragon Networks Completes Acquisition of Siklu

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Ceragon Networks Ltd. (CRNT) has completed the acquisition of Siklu, a provider of multi-Gigabit 'wireless fiber' connectivity. This acquisition is expected to increase Ceragon's market presence in North America, particularly with small service providers and private networks. The company anticipates the acquisition to be accretive (Non-GAAP) by the end of 2024 and expects it to increase 2024 revenue by approximately $25-$29 million.
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Ceragon Networks to Participate in the Needham Virtual Security, Networking, & Communications Conference

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Ceragon Networks Ltd. (NASDAQ: CRNT) announced CEO Doron Arazi and CFO Ronen Stein will participate in a fireside chat at the 17th Annual Needham Virtual Security, Networking, & Communications Conference on November 14, 2023. The live webcast will be available on Ceragon's website. Investors can also schedule meetings with company management.
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Ceragon Reports 11% Growth in Third Quarter of 2023, Narrows Full-Year Guidance Range, Raising Midpoint

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Ceragon Networks Ltd. reported its Q3 2023 financial results, with revenues of $87.3 million, up 10.9% YoY. The company generated $3.4 million in GAAP net income and $10.8 million in positive free cash flow. Ceragon announced the definitive agreement to acquire Siklu to expand presence in North America. India was the strongest region in terms of revenue. Ceragon management raised the midpoint of its full-year revenue guidance to $338 million to $346 million.
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Ceragon Networks to Acquire Siklu, Expanding Presence With Private Networks and Small Service Providers in North America

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Ceragon Networks is set to acquire Siklu for $13-15 million, which is expected to increase its global market share in the mmW market and expand its offering with PtMP solutions. The acquisition is projected to generate $25-$29 million in incremental revenue by 2024 and improve Ceragon's gross margins. The company expects the transaction to be accretive to non-GAAP earnings by the second half of 2024.
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FAQ

What is the current stock price of Ceragon Networks (CRNT)?

The current stock price of Ceragon Networks (CRNT) is $3.01 as of February 21, 2025.

What is the market cap of Ceragon Networks (CRNT)?

The market cap of Ceragon Networks (CRNT) is approximately 274.0M.

What does Ceragon Networks Ltd specialize in?

Ceragon Networks Ltd specializes in high-capacity wireless connectivity solutions, focusing on 5G and 4G broadband wireless transport.

Who are Ceragon’s customers?

Ceragon's customers include wireless service providers, public safety organizations, government agencies, and utility companies.

What are Ceragon’s core products?

Ceragon's core products include the IP-50 Platform, IP-20 Platform, and PointLink solutions.

Where does Ceragon generate most of its revenue?

Ceragon generates the major part of its revenue from India.

What was a recent major achievement for Ceragon?

A recent major achievement for Ceragon is securing a $150 million agreement with a Tier 1 operator in India for a network modernization project.

What significant acquisition did Ceragon make recently?

Ceragon recently acquired Siklu, enhancing its portfolio with advanced millimeter wave solutions.

What are Ceragon’s revenue expectations for 2024?

Ceragon expects full-year 2024 revenues to be between $385-405 million.

What sectors does Ceragon serve with its private network solutions?

Ceragon serves sectors like energy, oil & gas, utilities, public safety, municipalities, government, and small service providers with its private network solutions.

What innovative technology did Ceragon showcase at Mobile World Congress 2024?

At Mobile World Congress 2024, Ceragon showcased its Neptune SoC-based millimeter wave technology capable of 100 Gbps.

How many countries does Ceragon operate in?

Ceragon operates in over 130 countries.
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Ceragon Networks Ltd

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CRNT Stock Data

274.05M
70.87M
20.41%
17.23%
0.1%
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