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. provides end-to-end wireless connectivity solutions for public and private network operators worldwide. News about CRNT commonly covers financial results and guidance, order activity in India and North America, and demand for microwave, millimeter wave and IP-50EXA wireless transport platforms used in 4G, 5G and fixed wireless access deployments.
Company updates also address private network contracts for utilities, mining, defense and public sector customers, as well as network design, integration, deployment, support, managed and professional services. Product and industry-event announcements describe Ceragon's transport and access portfolio, private 5G/LTE capabilities, AI-powered services and mission-critical connectivity applications.
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.
Ceragon Networks Ltd. (NASDAQ: CRNT) reported Q4 2020 revenues of $74.0 million, up 3.8% year-over-year, and $262.9 million for the full year, down 7.9% from 2019. Operating loss was $(1.5) million in Q4, with a GAAP EPS of $(0.08). Gross margin decreased to 29.1% in Q4 from 31.7% a year prior, attributed to customer agreements and supply chain costs. The company anticipates 2021 revenue between $275-$295 million, citing ongoing 5G momentum as a growth driver.
Ceragon Networks Ltd. (NASDAQ: CRNT) will announce its fourth quarter and full year earnings results on February 8, 2021, before market opens. A conference call will follow at 9:00 a.m. ET to discuss the results, accessible via the USA at (877)-692-8955 or internationally at +1 (234)-720-6979. A live webcast is available online, with a replay option lasting until March 8, 2021. Ceragon specializes in innovative wireless backhaul and fronthaul solutions for 5G and 4G networks, positioning itself as a key player in enhancing service efficiency for customers globally.