Featured Company News - Ceragon Announces Receipt of Orders for Its IP-20 Platform from a Wireless Communications Wholesaler in Southeast Asia
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LONDON, UK / ACCESSWIRE / October 12, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Ceragon Networks Ltd (NASDAQ: CRNT), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=CRNT. The Company announced on October 10, 2017, that it has received orders totaling more than $5 million for its IP-20 Platform and related professional services, from a wireless communications wholesaler in Southeast Asia. The Company was also the primary supplier of backhaul for the initial phase of this project in a remote island region in Southeast Asia. The majority of the equipment is likely to be delivered in Q1 2018. For immediate access to our complimentary reports, including today's coverage, register for free now at:
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Ceragon provides better total cost of ownership as compared to its competitors. Its offering includes both its market-leading technology and its professional services and expertise in network design, network planning, and rollout optimization.
The Company's products and services combination provides a significant advantage in both operational efficiency and the ability to quickly roll-out support. Its IP-20 Platform, with its unique multicore technology and high-power radios, delivers the needed capacity with the least number of sites and the least amount of equipment.
Ceragon will provide expertise for both the planning and deployment of the highest performance equipment and technology for this project, since the area covers challenging terrain over mountains, rivers and sea, combined with very long distances that span across 420,000 km.
Ceragon's Wireless Backhaul Solutions Provide Wholesale Capacity for the Country's Service Providers at Lowest Ownership Cost
Ira Palti, President and CEO of Ceragon, stated that the Company is thrilled to support such an imperative national initiative to develop and connect a large under-served region, and is proud to be able to supply its vast experience in such challenging terrains. Ira added that the Company's wireless backhaul solutions and services allow the customer to quickly provide wholesale capacity for the country's service providers, and do so at the lowest total cost of ownership.
Southeast Asia Wireless Service Provider Selected Ceragon to Modernize and Expand its Network
On August 16, 2017, Ceragon's FibeAir IP-20 Platform was selected by a Southeast Asia wireless service provider to expand and modernize its nationwide 450MHz low-band high coverage CDMA network to a 4G-LTE network. The Company received an initial order for its products and related services from this new customer totaling over $1.5 million, with further orders expected over the next 2 years.
About IP-20 Platform
The FibeAir IP-20 Platform is a comprehensive wireless backhaul solution that incorporates the industry's most advanced radio technologies creating a winning robust wireless backhaul solution. The FibeAir IP-20 Platform provides a wide range of configurations and operates at every microwave and millimeter-wave band to match the requirements of diverse network scenarios. It offers flexibility in choosing all-outdoor, split-mount, and all-indoor configurations to suit any deployment scenario.
About Ceragon Networks Ltd
Founded in 1996, Ceragon Networks is the world's number one wireless backhaul specialist, delivering innovative wireless backhaul solutions that helps to increase operational efficiency and enhance end-customers' quality of experience. The Company's solutions are deployed by more than 460 service providers as well as hundreds of private network owners, in more than 130 countries. Ceragon Networks is headquartered in Tel Aviv, Israel.
Last Close Stock Review
On Wednesday, October 11, 2017, Ceragon Networks' stock closed the trading session at $2.07, marginally up 0.98% from its previous closing price of $2.05. A total volume of 195.31 thousand shares were exchanged during the session. Shares of the Company have a PE ratio of 9.90 and currently have a market cap of $153.08 million.
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