Ceragon Heads for Biggest Gain in Two Months on Wireless Orders

Ceragon Networks Ltd. (CRNT) headed for the biggest advance in more than two months after the maker of wireless networking systems received orders for high-capacity wireless equipment.

The shares advanced 3.1 percent, poised for the largest gain since Feb. 21, to 36.40 shekels at 12:25 p.m. in Tel Aviv. The benchmark TA-25 index advanced less than 0.1 percent.

Ceragon said it will provide high-capacity wireless point- to-point and point-to-multipoint solutions and “last mile” equipment to the Florida Rural Broadband Alliance. The new network will provide high-speed broadband services to 15 counties in Florida.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.