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November 27, 2012
05:33 EDTCRNTCeragon receives major wireless network deals totaling $28M
Ceragon Networks announced that it is continuing to expand its footprint in Africa with long-term equipment and services orders from two large customers in sub-Saharan Africa. Totaling $28M, both orders are from existing customers who have already successfully deployed large scale high-capacity wireless backhaul networks throughout the sub-region, based on Ceragon's Evolution and FibeAir solutions. An order of $15M was received for the expansion of a mobile operator's high-capacity network within this rapidly growing mobile market. The other order of $13M was received from an existing mobile customer for Ceragon's short haul and long haul solutions as well as professional services. Both projects are now under way and are expected to be completed over the next 18 months.
News For CRNT From The Last 14 Days
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October 30, 2014
14:21 EDTCRNTCeragon Networks downgraded to Buy from Strong Buy at Needham
Needham downgraded Ceragon Networks to Buy with a $4 price target following the company's Q3 results.
09:24 EDTCRNTCeragon Networks expects US projects to start ramping up towards end of Q1
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09:19 EDTCRNTCeragon Networks expects to temper revenue in 2015 due to increased selectivity
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09:18 EDTCRNTCeragon Networks sees more optimal revenue mix in 2015 due to geography shift
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09:13 EDTCRNTCeragon Networks says biggest challenge in 2014 is direct result of success
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08:44 EDTCRNTCeragon Networks reports Q3 adjusted EPS (5c), consensus (3c)
Reports Q3 revenue $99.0M, consensus $94.96M.

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