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Stock Market & Financial Investment News

News Breaks
April 2, 2014
05:37 EDTCRNTCeragon Networks lowers Q1 revenue guidance to $70M-$73M from $83M-$93M
Consensus $88.19M. Ceragon Networks announced updated revenue guidance for Q1 in the range of $70M-$73M, below the company's earlier guidance of $83M-$93M, primarily due to the company's decision not to ship and install equipment for a certain customer until completing the renegotiation of payment terms. A secondary factor affecting Q1 revenue was a higher than expected proportion of IP-20 products in Q1 bookings. Some of the orders were received too late in the quarter to ship within the quarter because manufacturing for the new products was ramping and had not reached full productivity.
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June 29, 2015
05:34 EDTCRNTCeragon Networks announces $13M project awarded by tier-1 mobile operator
Ceragon Networks announced that a tier-1 mobile operator in the Southern Cone of South America is again deploying Ceragon's solutions in preparation for a nationwide, 4G service launch. For this project, valued at over $13M, Ceragon is upgrading and expanding the operator's 3G backhaul networks to 4G/LTE via the IP-20 platform. This long-standing Ceragon customer continually invests in expanding and upgrading the network to maintain an excellent level of service and keep up with users' growing needs. A key requirement is the ability to quickly migrate the network with no service interruption.

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