Followers | 144 |
Posts | 27707 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Wednesday, November 14, 2007 3:57:56 AM
As mentioned earlier, I am returning Ceragon to my portfolio, after it emerged bruised and battered from its recent offering, and had to make do with a price of $13.50 per share, as opposed to the high of almost $22 it reached not so long ago. I feel that all the talk about Ceragon being harmed by Sprint Nextel Corp's (NYSE: S) decision to scrap its WiMAX roll-out is far-fetched. I am not sure at all whether this project even featured in Ceragon's guidance for 2008 and if it did then it probably was be a nominal sum.
One important fact should be borne in mind here. Ceragon provides wireless backhaul equipment in the US to companies that build telecommunications relay stations and lease these to telephony companies. It does not concern itself with the type of communications these stations transmit, be it WiMAX, 2G, 2.5G, 3G or 4G. It is highly likely that Ceragon will still be in the picture should Sprint decide to upgrade its existing networks, instead of rolling out a new WiMAX network.
It is my belief that the launch and runaway success of Apple's latest handset, the iPhone, has had a positive and immediate impact on Ceragon's US business in a far greater measure than the much-vaunted WiMAX project, since this revolutionary handset and its counterparts have prompted the telecommunications companies to upgrade their networks. In addition, Ceragon is also enjoying strong growth in markets in the East, most notably India, where millions of cellular subscribers join local operators every month, requiring the company to deploy tens of thousands of relay stations across this massive country.
Published by Globes [online], Israel business news - www.globes.co.il - on November 13, 2007
http://globes-online.com/serveEN/globes/docView.asp?did=1000274434&fid=1176
Recent CRNT News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/06/2024 10:10:18 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 11:30:27 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/28/2024 10:03:32 AM
- Ceragon to Participate at Lake Street Best Ideas Growth Conference on September 12, 2024 • PR Newswire (US) • 08/28/2024 09:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/27/2024 11:49:23 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 11:59:02 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 10:50:50 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2024 11:00:33 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 10:29:46 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 11:00:04 AM
- Ceragon Reports 11.5% Increase in Quarterly Revenue, GAAP EPS of $0.09 Per Share in the Second Quarter • PR Newswire (US) • 08/07/2024 11:00:00 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/06/2024 02:23:17 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 10:01:09 AM
- Ceragon to Announce Second Quarter 2024 Financial Results and Host Investor Conference Call on August 7, 2024 • PR Newswire (US) • 07/24/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 11:00:05 AM
- Ceragon's New Smart Activation Key Software Gains Significant Adoption, Enabling SaaS Models and Recurring Revenue Streams • PR Newswire (US) • 07/23/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/09/2024 10:00:59 AM
- Leading American ISP Orders Siklu by Ceragon E-Band Product in Multi-Million Dollar Deal to Expand Network Coverage • PR Newswire (US) • 07/09/2024 10:00:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/13/2024 07:58:25 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:07:48 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 12:30:06 PM
- Ceragon Names Robert Wadsworth to its Board of Directors • PR Newswire (US) • 05/30/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/28/2024 12:07:14 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 08:08:48 PM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 05/20/2024 05:05:58 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM