Ceragon Networks Ltd Stock Price, News & Analysis

Ceragon (NASDAQ: CRNT) has announced a definitive agreement to acquire End 2 End Technologies, a US systems integration and software development company, for approximately $8.5 million plus potential additional $4.3 million tied to 2025 financial goals. The acquisition will be financed through available cash, unused credit facilities, and the issuance of 215,000 ordinary shares.

The deal is expected to generate $15-19 million in incremental revenue for Ceragon in 2025 and become accretive to non-GAAP earnings by the second half of 2025. End 2 End Technologies, with approximately 50 employees, specializes in private networks for Energy and Utilities markets, offering system integration capabilities and proprietary network management software.

The acquisition aims to expand Ceragon's market share in private networks in North America and enhance its capabilities in telecommunications connectivity. The transaction is expected to close by the end of January 2025, subject to customary closing conditions.

Ceragon Networks (NASDAQ: CRNT), a provider of end-to-end wireless connectivity solutions, has announced its participation in the 27th Annual Needham Growth Conference in New York City. CEO Doron Arazi and CFO Ronen Stein will deliver a presentation on Wednesday, January 15 at 8:45am ET.

Investors can access the presentation through a webcast available on Ceragon's investor relations website. The management team will also be available for one-on-one meetings during the conference, which can be arranged through Needham representatives or by contacting FNK IR.

Ceragon (NASDAQ: CRNT) reported strong Q3 2024 financial results with revenues of $102.7 million, up 17.7% year-over-year. The company achieved GAAP operating income of $14.6 million and net income of $12.2 million, resulting in EPS of $0.14 per share. India contributed 49% of revenue, hitting all-time record quarterly revenues, while North America maintained strong performance with seven consecutive quarters above $20 million. The company reiterated its 2024 outlook, expecting revenue between $390-400 million and non-GAAP operating margins of at least 10% at the midpoint.

Ceragon Networks (NASDAQ: CRNT), a wireless connectivity solutions provider, has announced its participation in two upcoming investor conferences in November 2024. The company will attend the 18th Annual Needham Security, Networking, and Communications Conference virtually on November 14, and the 13th Annual ROTH Technology Conference at the Hard Rock Hotel in New York City on November 20. Both events will feature one-on-one meetings throughout the day. Conference materials will be available on Ceragon's Investor Relations website section.

Ceragon Networks (NASDAQ: CRNT), a leading provider of 5G wireless transport solutions, has announced that it will release its third quarter 2024 financial results on Wednesday, November 13, 2024, before the market opens. The company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a Q&A session for investors. Interested parties can register for the call through a provided link. For those unable to attend the live call, a replay will be available on Ceragon's website within 24 hours after the call.

Ceragon (NASDAQ: CRNT), a leading provider of end-to-end wireless connectivity solutions, has announced its participation in the Lake Street Capital Markets 8th Annual Best Ideas Growth "Big8" Conference on September 12, 2024, in New York City. CEO Doron Arazi will be hosting one-on-one meetings with institutional investors to discuss the company's growth strategy and efforts to unlock operating leverage in its business model.

Investors interested in scheduling a meeting with Doron Arazi can contact their Lake Street representative or reach out to FNK IR at crnt@fnkir.com for more information. This conference provides an opportunity for Ceragon to showcase its wireless connectivity solutions and engage with potential investors.

Ceragon (NASDAQ: CRNT) reported strong financial results for Q2 2024, with revenues of $96.1 million, up 11.5% year-over-year. The company achieved a GAAP operating income of $10.4 million and net income of $7.8 million, resulting in EPS of $0.09 per diluted share. Ceragon's success was driven by significant penetration into private networks and robust demand in India. The company delivered over 20,000 radio units of its new IP-50CX product in India and secured nine new private network customers in North America. Management reiterated its full-year 2024 outlook, projecting revenue growth of 11% to 17% and targeting non-GAAP operating margins of at least 10% at the mid-point of revenue guidance.

Ceragon (NASDAQ: CRNT), a leading provider of 5G wireless transport solutions, has announced its plans to release second quarter 2024 financial results on August 7, 2024, before the market opens. The company will host a Zoom conference call at 8:30 a.m. ET on the same day to discuss the results and conduct a Q&A session for investors. Interested parties can register for the call online, and a replay will be available on Ceragon's website within 24 hours after the call.

Ceragon (NASDAQ: CRNT), a leading wireless connectivity solutions provider, has announced significant progress in its transition towards a recurring revenue model. The company's new Smart Activation Key software has gained substantial adoption, with tens of thousands of licenses ordered in the first half of the fiscal year. This innovative software simplifies the activation process for network radios and their features, allowing simultaneous activation and upgrade of thousands of devices.

The Smart Activation Key enables higher business flexibility, offering customers various pricing options, including term licenses and per-usage fees. It also provides intelligent usage tracking for data-driven decision-making. This shift towards a Software as a Service (SaaS) model is part of Ceragon's strategy to mitigate revenue fluctuations associated with cyclical hardware sales and create more predictable, recurring revenue streams.