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Last $1.32 USD
Change Today -0.05 / -3.65%
Volume 132.8K
CRNT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Tel Aviv
As of 8:10 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

ceragon networks ltd (CRNT) Snapshot

Open
$1.36
Previous Close
$1.37
Day High
$1.37
Day Low
$1.31
52 Week High
05/5/14 - $2.84
52 Week Low
01/30/15 - $0.88
Market Cap
101.1M
Average Volume 10 Days
501.4K
EPS TTM
$-1.05
Shares Outstanding
76.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CERAGON NETWORKS LTD (CRNT)

ceragon networks ltd (CRNT) Related Businessweek News

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ceragon networks ltd (CRNT) Details

Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services worldwide. Its wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations, small sells, and the core of the service provider’s network. The company also provides wireless fronthaul solutions that use microwave technology for communication between LTE/LTE-advanced base band digital unit stations and remote radio units. In addition, it offers IP-20 Platform solutions for various short-haul and long-haul applications, including FibeAir IP-20G and IP-20GX; FibeAir IP-20N/IP-20A; FibeAir IP-20C; FibeAir IP-20S; FibeAir IP-20E; FibeAir IP-20C HP; FibeAir IP-20LH; and Evolution IP-20 LH, as well as products that address the backhaul needs of IP-based, hybrid, and circuit-switched networks, such as FibeAir IP-10C, FibeAir IP-70T, FibeAir 2500, FibeAir IP-10E, FibeAir IP-10Q, FibeAir IP-10G, and FibeAir 2000/4800. Further, the company provides products for high capacity IP, TDM, or hybrid long-haul and backbone applications comprising evolution long-haul, FibeAir 3200, evolution IP-10 compact long-haul, evolution long-haul, and pointlink. Additionally, it offers network management systems to monitor network element status; and IP/Ethernet solutions to wireless broadband service providers, and businesses and public institutions that operate their own private communications networks. The company also provides network and radio planning, site survey, solutions development, installation, maintenance, training, and more; and requisite services. It sells its products through direct sales, original equipment manufacturers, resellers, distributors, and system integrators. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

1,016 Employees
Last Reported Date: 04/2/15
Founded in 1996

ceragon networks ltd (CRNT) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ceragon networks ltd (CRNT) Key Developments

Ceragon Networks Ltd. to expand its Ceragon-Based Backbone with the IP-20 Platform to Provide Connectivity to Rural Regions

Ceragon Networks Ltd. is investing approximately $4 million to expand its large scale Ceragon-based backbone network, deploying the IP-20 Platform Long Haul solution. The solution will provide hybrid 3G connectivity, and in the future full packet-based 4G connectivity, to remote locations, bridging the digital divide between rural and urban regions. The operator chose to deploy the Ceragon IP-20LH solution for its exceptional high transmit power capabilities, offering longer reach across wide sections of the country and the benefit of using smaller antennas for improved total cost of ownership (TCO). With its unique multicore technology, available only by Ceragon, the IP-20LH allows for the unprecedented distribution of SDH traffic, combined with Ethernet traffic, on all radio channels.

Ceragon Networks Ltd. Announces its New Advanced Frequency Reuse Technology

Ceragon Networks Ltd. announced that it will showcase its new Advanced Frequency Reuse solution at Mobile World Congress 2015, in Barcelona, Spain. Adding cell sites and providing backhaul is a major challenge for service providers as available backhaul spectrum channels are scarce. Often operators are just not able to obtain additional frequency channels to support their wireless backhaul needs. Securing spectrum for network growth as technology shifts from 3G to 4G and, in the future, 5G also must be considered in order to achieve long term business success. Ceragon's Advanced Frequency Reuse solution, available with the IP-20 platform, changes the way operators plan and deploy their network by providing the freedom to deploy cell sites wherever they are needed while alleviating many of the wireless backhaul constraints. Enabled by Ceragon's unique multicore technology which is at the heart of the IP-20 Platform, the solution enables the use of a single frequency channel where multiple channels are often required to meet wireless backhaul demand. The result is an overwhelming saving of at least 50% of the wireless spectrum required. It also allows for doubling the capacity of the wireless backhaul network. It does so by requiring far smaller angular separation between wireless backhaul links that utilize the same frequency channel; Instead of employing a separation of at least 90 degrees as required today, it reduces the needed separation to a mere 15 degrees. The result is flexibility in network deployment and a significant reduction in operational and capital expenditure. The Advanced Frequency Reuse solution is an integral part of the company's IP-20 Platform, vastly adopted by service providers, public safety and private network operators worldwide and will be available via a CeraOS software release, Ceragon's advanced Operating System.

Ceragon Networks Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Write Off of Goodwill for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the First Quarter Ending March 31, 2015

Ceragon Networks Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's revenue was $111.2 million against $89.5 million last year, was mainly a result of a strong booking from India during the first three quarters of the year. Operating loss was $25.9 million against $9.6 million last year. Loss before taxes was $50.2 million against $14.7 million last year. Net loss was $52 million against $15.4 million last year. Basic and diluted net loss per share was $0.68 against $0.35 last year. Net cash provided by operating activities was $1.4 million against net cash used in operating activities of $16.1 million last year. Purchase of property and equipment, net was $4.2 million against $4.7 million last year. Non-GAAP revenue was $111.2 million against $89.5 million last year. Non-GAAP operating profit was $0.9 million against non-GAAP operating loss of $1.6 million last year. Non-GAAP loss before taxes was $3 million against $3.4 million last year. Non-GAAP net loss was $3.7 million against $4.1 million last year. Non-GAAP basic and diluted loss per share was $0.05 against $0.09 last year. The significant sequential increase in revenue was the result of the strong order pattern from India, mainly from one large customer, which also impacted gross margin. For the year, the company's revenue was $371.1 million against $361.8 million last year. Operating loss was $32.0 million against $26.9 million last year. Loss before taxes was $70 million against $40.9 million last year. Net loss was $76.5 million against $47.5 million last year. Basic and diluted net loss per share was $1.22 against $1.23 last year. Net cash used in operating activities was $32.3 million against $29.5 million last year. Purchase of property and equipment, net was $12.7 million against $16.4 million last year. Non-GAAP revenue was $371.1 million against $361.8 million last year. Non-GAAP operating loss was $12.5 million against $9.9 million last year. Non-GAAP loss before taxes was $23.7 million against $17.5 million last year. Non-GAAP net loss was $25.2 million against $20 million last year. Non-GAAP basic and diluted loss per share was $0.40 against $0.52 last year. For the quarter, the company recorded charge of $14.8 million for impairment of goodwill from the Nera acquisition. For the first quarter ending March 31, 2015, the company expects revenue of $90 million to $100 million. The company expects to begin a gradual improvement in non-GAAP gross margin during the first quarter and, as expense reduction measures begin to take effect, the company also targets an improvement in operating profit in the first quarter.

 

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