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 follow-on orders exceeding $35M from multiple Tier 1 mobile operators in India during Q2 2021. These orders aim to enhance digital connectivity and prepare for the anticipated 5G rollout in 2022. The mobile operators are leveraging Ceragon's advanced solutions to support increased capacity demands driven by the pandemic and recent spectrum auctions. CEO Doron Arazi highlighted the company's extensive experience in 5G deployments as a key asset in aiding India’s transition to 5G.
Ceragon Networks (NASDAQ: CRNT) has secured a multi-year managed services agreement with a leading US network service provider, enhancing its wireless connectivity offerings. This partnership will leverage Ceragon's expertise in wireless transport networks to optimize operations and maintenance. The managed services will incorporate AI-driven tools, improving efficiency and customer satisfaction. The telco managed services market is projected to grow over 13% annually from 2021 to 2028, presenting a significant growth opportunity for Ceragon.
Ceragon Networks Ltd. (NASDAQ: CRNT) will release its Q2 2021 earnings on August 2, 2021, before the market opens. A web conference is scheduled for the same day at 9:00 a.m. ET to discuss the results. Investors can register online for the event. Ceragon is a leading provider of 5G wireless transport solutions, focusing on operational efficiency and customer service quality. The company serves over 400 service providers globally, leveraging its advanced technology for reliable, high-speed connectivity.
Ceragon Networks Ltd. (NASDAQ: CRNT) announces significant orders from three major North American operators to enhance 5G connectivity in urban and rural areas. These partnerships, driven by the need for reliable broadband, have led to strong Q2 bookings. Ceragon's validated Multiband Solution delivers 10 Gbps over 4 miles, improving customer satisfaction and retention. The company is well-positioned to meet increasing demands for wireless transport, especially in remote locations, through scalable and efficient solutions.
Ceragon Networks Ltd. (NASDAQ: CRNT) reported its Q1 2021 financial results, with revenues of $68.3 million, a 22.2% increase from Q1 2020, but down 7.7% from Q4 2020. Gross profit reached $20.1 million, yielding a gross margin of 29.5%. Ceragon secured three new 5G design wins and experienced strong bookings despite ongoing component shortages. The company anticipates annual revenue between $275-$295 million, although supply chain issues may delay Q2 revenues. The transition in leadership will see Doron Arazi become the new CEO.
Ceragon Networks Ltd. (NASDAQ: CRNT) announced the appointment of Doron Arazi as the new CEO, effective July 2021, succeeding Ira Palti, who will continue as Vice Chairman. Arazi, previously the Deputy CEO and CFO, significantly increased regional revenue in APAC and India from $110M in 2016 to $179M in 2018 and eliminated over $50M of company debt. He emphasized leveraging Ceragon’s reputation and technology during the transition to 5G. The Board expressed confidence in Arazi’s leadership to capitalize on global opportunities.
Ceragon Networks Ltd. (NASDAQ: CRNT) will announce its Q1 2021 earnings results on May 3, 2021, before market opening. A Zoom conference will follow at 9:00 a.m. ET for discussion and Q&A. Ceragon, a leader in wireless hauling solutions, supports service providers and government agencies worldwide with efficient 4G and 5G networks. Its unique technology enables high-capacity and rapid deployment solutions. Interested investors can register here.
Ceragon Networks Ltd (NASDAQ: CRNT) has been chosen by TIM Brazil to participate in 5G OpenRAN trials alongside Telecom Infra-Project (TIP) and INATEL. The open field trial at INATEL's campus in Santa Rita do Sapucaí, Brazil, will evaluate various OpenRAN component combinations for effective network performance. Ceragon will deploy its advanced IP-50E millimeter wave solution, boasting capabilities of up to 20 Gbps. This collaboration signifies a strengthening partnership and highlights Ceragon's commitment to innovative solutions in Brazil's telecommunications sector.
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.
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