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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 Ltd. (NASDAQ: CRNT) announced it will release its fourth quarter and full year 2021 earnings results on February 7, 2022, before market opening. A web conference will take place at 9:00 AM ET the same day, accompanied by a Q&A session for investors. Ceragon, a leader in 5G wireless transport, provides solutions to enhance operational efficiency for over 400 service providers globally. The company emphasizes its commitment to delivering reliable 5G and 4G connectivity.
Ceragon Networks Ltd (NASDAQ: CRNT) and IP Infusion announced a strategic partnership on December 7, 2021, aimed at delivering innovative solutions for the $4 billion wireless transport and $2 billion cell-site routing markets. The collaboration introduces a new family of open disaggregated wireless transport solutions through Ceragon's IP-50FX platform, utilizing IP Infusion's customized OcNOS network operating system. This partnership is expected to enhance operational efficiency for operators and accelerate the introduction of advanced technologies in the 5G landscape.
Ceragon Networks Ltd. (NASDAQ: CRNT) announced that RAI WAY S.p.A., Italy's national TV and radio network provider, has selected Ceragon for a $2.1 million contract to deploy and maintain its wireless transport network. Ceragon will provide a full turnkey solution, including its IP-20 microwave platform and comprehensive services from design to maintenance. This partnership aims to enhance RAI WAY's offerings to local broadcasters and support the rollout of a new TV broadcasting standard (DVB-T2/HEVC). The selection highlights Ceragon's experience and flexibility in managing complex installations.
Ceragon Networks Ltd. (NASDAQ: CRNT) reported Q3 2021 revenues of $76.1 million, a 7.8% increase from Q3 2020, driven by strong sales in India. Operating income stood at $2.9 million (GAAP), with non-GAAP operating income at $4.0 million. Gross margin decreased to 30.9% from 33.4% in Q3 2020. The company reported a net income of $0.3 million or $0.00 per share (GAAP). 5G bookings represented over 50% of North American bookings. Despite challenges in component supply chains, guidance remains optimistic, projecting revenue between $275-$295 million for 2021.
Ceragon Networks Ltd. (NASDAQ: CRNT) will announce its earnings for Q3 2021 on November 1, 2021, before market opening. A zoom web conference is scheduled for 9:00 a.m. ET on the same day to discuss the financial results with the investment community. Investors can register for the event via a provided link. Ceragon is recognized as a leader in 5G wireless transport, providing innovative solutions to service providers and public organizations worldwide, enhancing operational efficiency and service quality.
Ceragon Networks Ltd. (NASDAQ: CRNT) has secured a multi-million-dollar contract to design and supply a microwave network in Indonesia, aimed at enhancing Internet access in rural areas. This project, part of the government's initiative to fulfill its Universal Service Obligation, includes providing solutions for schools, government offices, and hospitals. Ceragon will leverage its all-outdoor microwave solutions, optimizing costs and logistics. The company's CEO emphasized its commitment to equitable digital access and competitive advantages through innovative technologies.
Ceragon Networks Ltd. (NASDAQ: CRNT) reported Q2 2021 revenues of $68.6 million, marking a 9.9% increase year-over-year. The company achieved a gross margin of 31.9%, up from 26.4% in Q2 2020, attributed to a favorable customer mix. Operating income was $0.5 million, with a net loss of $(1.7) million or $(0.02 per diluted share. Notably, strong bookings were recorded, particularly in North America and India, with 52% of bookings in H1 2021 being 5G-related. The company anticipates 2021 revenues between $275-$295 million.
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.
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