Ceragon to provide $8 million network upgrade for power utility

ROSH HA’AIN, Israel - Ceragon Networks Ltd. (NASDAQ:CRNT), a wireless connectivity solutions provider with a market capitalization of $173 million, is expanding its partnership with an existing customer to modernize a private communications network for a power utility in the EMEA region, a project expected to generate approximately $8 million in revenue. The company, which generated $380.5 million in revenue over the last twelve months, continues to secure significant contracts despite trading near its 52-week low.

The initiative, which began earlier this year, aims to increase capacity, replace end-of-life systems, and ensure reliable nationwide connectivity using Ceragon’s high-power indoor and split-mount radio technology.

According to a company press release, Ceragon’s solutions were selected following a competitive evaluation process that compared offerings from multiple global vendors. The project focuses on enhancing the utility’s nationwide backbone network with advanced microwave solutions.

The first phase of the project is currently being delivered, with additional upgrades planned through the end of 2025. Ceragon has received orders valued at approximately 75% of the project’s total and expects to receive the remainder within 2025.

The company has recognized about 50% of the anticipated revenues during the first half of 2025. The successful implementation could position Ceragon for subsequent project phases in coming years.

Doron Arazi, CEO of Ceragon, said the selection "highlights the strength of our cutting-edge technology and scalable solutions" that will help the utility "meet its ambitious operational goals while ensuring robust network performance."

Ceragon provides wireless connectivity solutions to service providers, utilities, public safety organizations, government agencies, and energy companies in more than 130 countries.

In other recent news, Ceragon Networks has announced it will release its second-quarter 2025 financial results on August 6, 2025, followed by an investor conference call. This upcoming release will provide insights into the company’s financial performance for the period ending June 30, 2025. Meanwhile, Needham has adjusted its price target for Ceragon Networks, lowering it from $4.50 to $3.00, while maintaining a Buy rating. This revision comes after Ceragon’s second-quarter results fell short of expectations, largely due to a slowdown in India attributed to carrier financing issues and logistics execution challenges. These developments are significant for investors tracking Ceragon Networks, as they highlight both the company’s recent performance issues and the anticipation surrounding its forthcoming earnings report.

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