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Stock impact report

Ceragon Receives Follow-on Orders Totaling Over $19 Million From India

Ceragon Networks Ltd. - Ordinary Shares (CRNT) 
Last ceragon networks ltd. - ordinary shares earnings: 2/10 07:00 am Check Earnings Report
Company Research Source: PR Newswire
LITTLE FALLS, New Jersey, Aug. 1, 2019 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist, today announced that India's largest operators continue to rely on its IP-20 Platform and professional services to achieve nation-wide 4G coverage and network densification. Ceragon has received follow-on orders totaling over $19 million to support India's rapidly growing data demands. Shipments for these orders will commence in Q3, with most of the related revenues expected to be recognized in the third quarter. The remainder is expected to be recognized before the end of 2019.These Tier 1 India operators aim to deliver the highest 4G coverage and service capacity, targeting 100% population coverage. They require a wireless backhaul partner that can support extremely large-scale network rollouts and commissioning, as well as capacity ramp-up. Ceragon's IP-20 Platform and turnkey network rollout services simplify network expansion and densification enabling Show less Read more
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