Ceragon Networks Heads for Biggest Two-Year Surge in Tel Aviv

Ceragon Networks Ltd. (CRNT) headed for the biggest advance in almost two years after the U.S. shares of the maker of wireless networking systems jumped yesterday.

The shares gained 6.9 percent, the biggest rise since August 2010, to 32.98 shekels, or the equivalent of $8.22, at 10:30 a.m. in Tel Aviv. The U.S.-traded shares jumped 6.5 percent to $8.21 yesterday.

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 edit or 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.