Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ceragon Rises to 3-Year High on Buying Nera Networks

Ceragon Networks Ltd. climbed to the highest level in more than three years after the wireless networking-systems developer entered into an agreement to buy all the outstanding shares of Nera Networks from Eltek ASA.

The stock surged 6 percent to 51.32 shekels, the highest level since December 2007, giving the company a market value of 1.72 billion shekels ($471 million).

Ceragon, based in Tel Aviv, said it will pay about $48.5 million for Nera on a cash-free, debt-free basis.

“Year 2011 is expected to be a transition year with no immediate profitability,” Chief Executive Officer Ira Palti told reporters today. With the merger, “we expect to produce more profitability than we would have produced ourselves by 2012.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.