Last $2.44 USD
Change Today +0.09 / 3.83%
Volume 393.7K
CRNT On Other Exchanges
Symbol
Exchange
NASDAQ GS
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Tel Aviv
As of 8:10 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

ceragon networks ltd (CRNT) Snapshot

Open
$2.38
Previous Close
$2.35
Day High
$2.44
Day Low
$2.33
52 Week High
10/1/13 - $4.35
52 Week Low
07/31/14 - $2.00
Market Cap
186.9M
Average Volume 10 Days
562.5K
EPS TTM
$-0.64
Shares Outstanding
76.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CERAGON NETWORKS LTD (CRNT)

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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 and the core of the service provider’s network. The company provides IP-20 Platform solutions for various short-haul and long-haul applications, including FibeAir IP-20G; FibeAir IP-20N/IP-20A; FibeAir IP-20C; FibeAir IP-20S; FibeAir IP-20E; FibeAir IP-20C HP; FibeAir IP-20LH/IP-20A; and Evolution IP-20, as well as products that address the hauling needs of IP-based, hybrid, and circuit-switched networks, including FibeAir IP-10C, FibeAir IP-70, FibeAir 2500, FibeAir IP-10E, FibeAir IP-10Q, FibeAir IP-10G, and FibeAir 2000/4800. It also offers products for high capacity IP, TDM, or hybrid long-haul and backbone applications comprising Evolution Long-Haul IP for wireless hauling, wireless backbone, and migration from TDM to IP long-haul; FibeAir 3200, a circuit-switched TDM; Evolution IP-10 Compact Long-Haul for long distance applications; Evolution Long-Haul, a four-channels high-capacity long-haul solution; and PointLink for offshore oil/gas rigs in vibration environment. In addition, the company provides 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. Further, it offers network and radio planning, site survey, solutions development, installation, maintenance, training services, and more. The company sells its products through direct sales, original equipment manufacturers, resellers, distributors, and system integrators. It was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. The company was founded in 1996 and is headquartered in Tel Aviv, Israel.

1,110 Employees
Last Reported Date: 06/10/14
Founded in 1996

ceragon networks ltd (CRNT) Top Compensated Officers

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ceragon networks ltd (CRNT) Key Developments

Ceragon to Provide Backhaul Solution for Large-Scale Rural Broadband Network Project in Colombia

Ceragon Networks Ltd. announced its selection by Andired, a service provider in rural connectivity projects in Colombia, to provide high-capacity backhaul solutions as part of a new nationwide broadband network deployment. Financial details of this selection were not available. Reportedly, Andired has invested several million dollars in this new network deployment, which will span over 1,500 kilometres and support voice and data services with capacities ranging from 500Mb/s to 3.5Gb/s. This high-capacity backbone network will be based on Ceragon's cutting-edge IP-20 product line and will be operated by Andired for ten years. Also, Andired will deploy Ceragon's last-mile unlicensed solutions for high-capacity access links.

Ceragon Networks Ltd. Provides Earnings Guidance for the Third Quarter of 2014

Ceragon Networks Ltd. provided earnings guidance for the third quarter of 2014. For the period, the company expects revenue to range between $90 million to $100 million. With the improvement in revenue, the company expects gross margin to improve in third quarter, but unlikely to exceed 30%.

Ceragon Networks Ltd. Announces Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Ceragon Networks Ltd. announced unaudited consolidated earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $90,420,000, operating income of $11,784,000, income before taxes of $9,609,000, net income of $7,998,000 or $0.15 per basic and diluted share, net cash provided by operating activities of $9,066,000, purchase of property and equipment of $3,328,000, non-GAAP operating loss of $2,586,000, non-GAAP loss before taxes of $4,761,000, non-GAAP net loss of $5,021,000 or $0.1 per basic and diluted share compared to the revenues of $90,084,000, operating loss of $4,615,000, income before taxes of $6,862,000, net loss of $7,520,000 or $0.2 per basic and diluted share, net cash used in operating activities of $8,824,000, purchase of property and equipment of $4,802,000, non-GAAP operating loss of $2,769,000, non-GAAP loss before taxes of $5,016,000, non-GAAP net loss of $5,674,000 or $0.15 per basic and diluted share for the same quarter a year ago. For the year to date, the company reported revenues of $160,935,000, operating loss of $5,338,000, income before taxes of $15,677,000, net loss of $18,965,000 or $0.36 per basic and diluted share, net cash used in operating activities of $25,768,000, purchase of property and equipment of $6,178,000, non-GAAP operating loss of $13,421,000, non-GAAP loss before taxes of $17,450,000, non-GAAP net loss of $17,897,000 or $0.34 per basic and diluted share compared to the revenues of $180,181,000, operating loss of $13,309,000, income before taxes of $20,185,000, net loss of $21,661,000 or $0.59 per basic and diluted share, net cash used in operating activities of $5,965,000, purchase of property and equipment of $7,697,000, non-GAAP operating loss of $6,155,000, non-GAAP loss before taxes of $9,898,000, non-GAAP net loss of $11,374,000 or $0.31 per basic and diluted share for the same period a year ago.

 

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