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 reported strong financial results for the first quarter of 2024, with revenues of $88.5 million, up 6.1% year-over-year. The company highlighted continued strong demand in North America and India, with a focus on 5G wireless transport solutions. Ceragon's CEO expressed confidence in the full-year outlook, expecting revenue growth of 11% to 17% compared to 2023. The company aims for non-GAAP operating margins of at least 10% and anticipates increased profitability and positive free cash flow for 2024.
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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