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ROSH HA’AIN, Israel - Ceragon Networks Ltd. (NASDAQ: CRNT), a global provider of wireless connectivity solutions with a market capitalization of $195 million, has announced a $4.1 million contract with a prominent North American oil and gas company. The agreement tasks Ceragon’s E2E by Ceragon division with developing and deploying a comprehensive operational technology (OT) network infrastructure across over 100 critical sites. According to InvestingPro data, the company has demonstrated strong revenue growth of 13.5% over the last twelve months.
The project, which is expected to be completed and contribute to the company’s revenues over the next three quarters, will leverage advanced wireless technology to support vital security, safety, and operational communications. This development marks a strategic milestone following Ceragon’s acquisition of E2E Technologies, enhancing the company’s capabilities in delivering end-to-end network solutions for essential industrial operations. InvestingPro analysis indicates that Ceragon maintains a strong financial health score and operates with a moderate level of debt, positioning it well for such strategic initiatives.
Ceragon’s CEO, Doron Arazi, emphasized the significance of this project, indicating that it reflects the company’s reliability in providing network solutions for critical infrastructure. The successful completion of this initiative may lead to further opportunities in 2026, potentially involving projects of similar or greater scale.
Ceragon specializes in wireless connectivity, including transport, access, and AI-powered managed and professional services, catering to a wide array of customers such as service providers, utilities, public safety organizations, and government agencies. The company’s solutions are designed to address the increasing demand for digital transformation and are deployed in over 130 countries by more than 600 service providers and over 1,600 private network owners.
The announcement underscores Ceragon’s commitment to advancing critical industry networks by integrating cutting-edge technologies, expertise in systems integration, and network management capabilities. The information in this article is based on a press release statement from Ceragon Networks Ltd.
In other recent news, Ceragon Networks Ltd. reported an 18.3% increase in quarterly revenue and earnings of $0.04 per share for the fourth quarter. This financial performance reflects the company’s ability to leverage its expertise in wireless backhaul solutions, as detailed in their latest SEC filing. Additionally, Ceragon unveiled a series of new products at the Mobile World Congress 2025, aimed at enhancing wireless communication networks. These launches are part of Ceragon’s strategy to address the growing demand for advanced wireless backhaul solutions, particularly with the expansion of 5G services.
In another development, Ceragon announced its participation in the upcoming Needham Technology, Media, & Consumer 1x1 Conference and the 37th Annual Roth Conference. These events provide opportunities for the company to engage with investors and discuss its performance and strategic plans. Furthermore, Craig-Hallum initiated coverage of Ceragon with a Buy rating and a $5 price target, highlighting the stock’s valuation and potential for recovery in the latter part of 2025. The firm noted the company’s modest net cash position and the recent decline in share price as an attractive entry point for investors.
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