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  • Ceragon Networks (CRNT) To Build A High-Capacity Wireless Backbone, Meru Networks (MERU) Initiated With A Buy 0 comments
    Mar 19, 2014 9:26 AM | about stocks: CRNT, MERU

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/1/13/saupload_crnt.jpg Ceragon Networks Ltd. (NASDAQ:CRNT)

    CRNT reported that it was selected to design and build a high-capacity wireless backbone for India's Oil and Natural Gas Corporation Limited. The new network will be used to connect offshore and onshore sites and will replace existing VSAT infrastructure.

    CRNT will provide its Evolution(NYSE:TM) Long Haul solution along with a range of services including: site-survey, system design and engineering, project management and installation. The full turnkey project is valued at several million US dollars.

    Oil and Natural Gas Corporation Limited is India's largest oil and gas exploration and production company. It produces nearly 70% of India's crude oil and approximately 60% of its natural gas.


    CRNT provides innovative, flexible and cost-effective wireless backhaul and fronthaul solutions that enable mobile operators and other wired/wireless service providers to deliver 2G/3G, 4G/LTE and other broadband services to their subscribers. CRNT's high-capacity, solutions use microwave technology to transfer voice and data traffic while maximizing bandwidth efficiency, to deliver more capacity over longer distances under any deployment scenario.

    More about Ceragon Networks Ltd. (CRNT) at www.ceragon.com


    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/3/19/saupload_meru.jpg Meru Networks, Inc. (NASDAQ:MERU)

    MERU was initiated with a Buy rating and a price target of $6.00 per share by brokerage firm Mizuho.


    MERU is a market leader in the development of mobile access and virtualized Wi-Fi solutions.

    More about Meru Networks, Inc. (MERU) at www.merunetworks.com


    Read Full Disclaimer at www.pennyomega.com/disclaimer

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CRNT, MERU
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