Ceragon Networks Announces Public Offering of its Ordinary Shares

      Ceragon Networks Announces Public Offering of its Ordinary Shares

PR Newswire

PARAMUS, New Jersey, July 28, 2014

PARAMUS, New Jersey, July 28, 2014 /PRNewswire/ --

Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 high-capacity wireless hauling
specialist today announced that it is offering to sell its ordinary shares in
an underwritten public offering. Needham & Company, LLC is acting as lead
book-running manager with Oppenheimer & Co. Inc. as co-book runner on the

Ceragon intends to use the net proceeds of the offering for general corporate

The shares described above are being offered by Ceragon pursuant to a
registration statement on Form F-3, including a base prospectus, previously
filed with and subsequently declared effective by the Securities and Exchange
Commission (the "SEC"). A preliminary prospectus supplement relating to the
offering has also been filed with the SEC and is available on the SEC's
website at http://www.sec.gov. Copies of the preliminary prospectus supplement
and accompanying base prospectus relating to this offering may also be
obtained from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, via
telephone at (800) 903-3268 or by email to prospectus@needhanco.com.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any of the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

About Ceragon Networks Ltd.

Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 high-capacity wireless hauling
specialist. We provide innovative, flexible and cost-effective wireless
backhaul and fronthaul solutions that enable mobile operators and other
wired/wireless service providers to deliver 2G/3G, 4G/LTE and other broadband
services to their subscribers. Ceragon's high-capacity solutions use
microwave technology to transfer voice and data traffic, while maximizing
bandwidth efficiency, to deliver more capacity over longer distances under any
deployment scenario. Based on our extensive global experience, Ceragon
delivers turnkey solutions that support service provider profitability at
every stage of the network lifecycle enabling faster time to revenue,
cost-effective operation and simple migration to all-IP networks. As the
demand for data pushes the need for ever-increasing capacity, Ceragon is
committed to serve the market with unmatched technology and innovation,
ensuring effective solutions for the evolving needs of the marketplace. Our
solutions are deployed by more than 430 service providers in over 130

Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks
Ltd. in the United States and other countries. CERAGON ® is a trademark of
Ceragon Networks Ltd., registered in various countries. Other names mentioned
are owned by their respective holders.

Safe Harbor 

This press release containsstatements concerning Ceragon's future prospects
that are "forward-looking statements" under the Private Securities Litigation
Reform Act of 1995.Examples of forward-looking statements include:
projections of capital expenditures and liquidity, competitive pressures,
revenues, growth prospects, product development, financial resources,
restructuring costs, cost savings and other financial matters. You can
identify these and other forward-looking statements by the use of words such
as "may," "plans," "anticipates," "believes," "estimates," "predicts,"
"expects," "intends," "potential" or the negative of such terms, or other
comparable terminology.These forward-looking statements are subject to risks
and uncertainties that may cause actual results to differ materially,
including risks associated withincreased working capital needs; risks
associated with the ability of Ceragon to meet its liquidity needs; risks
associated with the ability of Ceragon to successfully complete its announced
follow on public offering; the risk that sales of Ceragon's new IP-20
products will not meet expectations;, risks associated with doing business in
Latin America, including currency export controls and recent economic
concerns;, risks relating to the concentration of our business in developing
nations; the risk of significant expenses in connection with potential
contingent tax liability associated with Nera's prior operations or
facilities; and other risks and uncertainties detailed from time to time in
Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the
Securities and Exchange Commission, and represent our views only as of the
date they are made and should not be relied upon as representing our views as
of any subsequent date. We do not assume any obligation to update any
forward-looking statements.

Aviram Steinhart    
Claudia Gatlin          

Jonathon Gordon   

SOURCE Ceragon Networks Ltd
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