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Ceragon Networks receives $66M in orders

Dec. 04, 2017 11:58 AM ETCeragon Networks Ltd. (CRNT) StockBy: Brandy Betz, SA News Editor
  • Ceragon Networks (NASDAQ:CRNT) announces receiving $66M n orders for its IP-20 Platform.
  • The orders came from a tier 1 operator located in India.
  • Total orders for products and services from tier 1 operators in India now totals over $100M during 2H17.
  • Order shipments will begin in December and Ceragon expects to recognize $10M in Q4 with the balance coming in 1H18.
  • Ceragon shares are up 11.6%.   
  • Previously: Ceragon Networks down after Q3 revenue miss, "lumpiness" in India business (Nov. 6)

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