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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ceragon Networks's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ceragon Networks's position in the market.

Rhea-AI Summary

Ceragon Networks (NASDAQ: CRNT) reported nearly $10 million in quarterly bookings for the energy sector, marking its highest-ever quarterly booking. The company finalized deals in Q1 2024, including network upgrades for the Oil and Gas sector, Natural Gas Pipeline connectivity, and offshore vessel connectivity. These strategic deals showcase Ceragon's role in driving digital transformation through innovative wireless solutions.

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3.25%
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Rhea-AI Summary
Ceragon Networks (CRNT) will announce its first quarter 2024 financial results on May 7, 2024. The company, a global leader in 5G wireless transport solutions, will host an investor conference call to discuss the results and answer questions. Investors can register to participate in the call and access a replay on Ceragon's website.
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Ceragon Networks Ltd. CEO, Doron Arazi, to participate in the 36th Annual Roth Conference for networking and industry insights. The event will host executives from various sectors including Technology, Healthcare, and Energy.
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7.02%
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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 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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3.08%
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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 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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4.25%
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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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11.97%
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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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-0.47%
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conferences
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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 Ltd

Nasdaq:CRNT

CRNT Rankings

CRNT Stock Data

244.93M
68.59M
21.69%
13.7%
0.56%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States of America
24 Raoul Wallenberg Street

About CRNT

ceragon networks ltd. (nasdaq: crnt) is the world’s #1 wireless backhaul specialist. we help operators and other service providers worldwide increase operational efficiency and enhance end customers’ quality of experience with innovative wireless backhaul solutions. our customers include wireless service providers, public safety organizations, government agencies and utility companies, which use our solutions to deliver 4g, mission-critical multimedia services and other applications at high reliability and speed. ceragon’s unique multicore technology provides a highly reliable, high-capacity 4g wireless backhaul with minimal use of spectrum, power and other resources. it enables increased productivity, as well as simple and quick network modernization. we deliver a range of professional services that ensure efficient network rollout and optimization to achieve the highest value for our customers. our solutions are deployed by more than 460 service providers, as well as hundreds of priv