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 (NASDAQ: CRNT) is portrayed in its public communications as a global innovator and solutions provider of end-to-end wireless connectivity, with a focus on transport, access, and AI-powered managed and professional services. The Ceragon news flow reflects this positioning, with regular updates on financial performance, technology developments, managed services contracts, and participation in industry and investor events.
News about Ceragon often includes quarterly and interim financial results, furnished to the U.S. Securities and Exchange Commission on Form 6-K. These releases discuss revenues, geographic revenue mix, operating income, cash flow, and management’s commentary on business conditions and visibility across regions such as North America and India. Investors following CRNT news can use these updates to understand how Ceragon’s wireless connectivity business is evolving over time.
Ceragon’s news also highlights business wins and project updates, such as managed services contracts with mobile operators and private network modernization projects for utilities in EMEA. These announcements describe how Ceragon’s high-capacity wireless solutions, high power radios, and AI-powered services are applied in real-world deployments, including multi-vendor network environments and nationwide backbone networks.
Another recurring theme in Ceragon’s news is technology innovation. Press releases describe proof-of-concept E-band deployments with Tier-1 operators and ISPs, demonstrations of next-generation products and solutions at events like India Mobile Congress, and the use of tools such as Ceragon Network Digital Twin and Ceragon Insight for AI-optimized networks. These items provide insight into the company’s technical focus areas and how its solutions are used for 5G and 4G broadband wireless connectivity, smart cities, fixed wireless access, and mission-critical services.
In addition, Ceragon issues news about investor conference participation and scheduled earnings calls, giving shareholders and analysts information on upcoming presentations and webcasts. For anyone tracking CRNT, the news stream offers a consolidated view of financial disclosures, customer engagements, product showcases, and strategic commentary from management.
Aviat Networks urges Ceragon shareholders to vote for board changes to enhance shareholder value. In a letter, Aviat criticized the current board's entrenched positions and alleged conflicts of interest, particularly concerning directors with ties to Chairman Zohar Zisapel. Aviat proposed increasing the board size, removing three directors, and electing five independent nominees with diverse expertise. The letter emphasizes the urgent need for governance reform to restore shareholder confidence and address Ceragon's ongoing financial struggles, including a cumulative negative cash flow of $29 million since early 2021.
Joseph D. Samberg, the largest shareholder of Ceragon Networks (NASDAQ: CRNT), has expressed support for the company and its management while rejecting the recent acquisition offer from Aviat Networks (NASDAQ: AVNW). Samberg, owning nearly 10% of Ceragon's stock, believes the acquisition undervalues the company. He also plans to vote in favor of current directors at the upcoming shareholder meeting. Samberg cites confidence in CEO Doron Arazi and a positive outlook for Ceragon's growth driven by improved supply chains and technological advancement.
Aviat Networks, Inc. (AVNW) has issued an open letter urging Ceragon Networks Ltd. (CRNT) shareholders to advocate for the acceptance of Aviat's acquisition proposal. Aviat highlights Ceragon's poor stock performance, down 12% over five years versus a 33% gain for the Russell 2000, and a decline in gross margins from 34% to 30%. Additionally, Ceragon faces $42 million in negative free cash flow. Aviat criticizes the current leadership's mismanagement, especially regarding delays in developing a next-generation chip, and calls for board changes to ensure better oversight and strategic direction.
Aviat Networks, Inc. (NASDAQ: AVNW) issued an open letter to the Board of Ceragon Networks Ltd. (NASDAQ: CRNT) urging the scheduling of an extraordinary general meeting. As Ceragon's third-largest shareholder, Aviat, holding over 5% of shares, seeks to replace three directors with five new independent candidates. Aviat expressed disappointment over Ceragon's lack of engagement regarding its acquisition proposal, emphasizing the need for transparency and accountability for shareholders.
Ceragon Networks Ltd. (NASDAQ: CRNT) confirmed receipt of letters from competitor Aviat Networks, requesting an extraordinary general meeting to propose changes to Ceragon's Board of Directors. Aviat's letters hinted at a potential acquisition interest in Ceragon. The Board will review these proposals with its advisors and act in the best interests of the company and shareholders. Importantly, shareholders are advised that no action is required from them at this time, allowing them to await the Board's response.
Aviat Networks, Inc. (NASDAQ: AVNW) is pushing for significant changes at Ceragon Networks Ltd. (NASDAQ: CRNT), calling for an extraordinary meeting to restructure its board of directors. Aviat, which holds over 5% of Ceragon shares, plans to remove three current directors and elect five independent candidates. This move follows Aviat's claim that Ceragon’s board has led to significant shareholder value destruction and ignored a premium acquisition offer of $2.80 per share. Aviat emphasizes the need for a board that prioritizes shareholder interests and creates value.
Aviat Networks has proposed to acquire Ceragon Networks for $2.80 per share in cash, representing a 51% premium to Ceragon's recent trading average. This nonbinding proposal aims to create a leading wireless transport solutions company, enhancing operational efficiencies and competitive positioning through significant synergies estimated at $35 million. Aviat, holding over 5% of Ceragon's shares, is calling for an extraordinary general meeting to elect new directors to evaluate this acquisition. The proposal reflects Aviat's belief in delivering immediate value to Ceragon shareholders.
Ceragon Networks Ltd. (CRNT) reported Q1 2022 revenues of $70.3 million, a 2.9% increase from Q1 2021 but down 9.6% from Q4 2021. A GAAP operating loss stood at $(1.3) million, with net loss at $(2.3) million or $(0.03) per diluted share. Despite strong bookings across North America, India, Europe, and LATAM, supply chain issues hindered product delivery. The company expects annual revenue between $300-$315 million pending improvements in supply chains and gross margins. Cash reserves improved to $25.0 million.
Ceragon Networks Ltd. announced an agreement with DISH Wireless to supply 5G transport solutions, including IP-50C microwave and IP-50E millimeter wave technologies. This partnership aims to support DISH's rollout of its cloud-native 5G Smart Network™. Ceragon's advanced solutions promise enhanced reliability, reduced total cost of ownership, and rapid deployment capabilities. With over 400 service providers as customers, Ceragon emphasizes its leadership in 5G wireless transport.
Ceragon Networks Ltd. (NASDAQ: CRNT) will announce its Q1 2022 earnings on May 2, 2022, before market opening. The company will host a web conference at 9:00 a.m. ET on the same day to discuss results, followed by a Q&A session. Registration for this conference is available through the provided link. Ceragon is a leader in 5G wireless transport solutions, assisting various service providers globally. Its technology facilitates reliable connectivity and quick network modernization, supporting over 400 service operators across more than 150 countries.
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