1. Ceragon Networks (CRNT)
The Officers

2. Background Established in 1996 Headquartered in Tel Aviv, Israel
NASDAQ in 2000
Headquartered in Tel Aviv, Israel
Locations
Tel Aviv and Bergen, Norway (R&D)
sales offices throughout the world
Part of the RAD Group
develop, manufacture and market solutions for diverse segments of the networking and telecommunications industry

3. What They Do? #1 Wireless Backhaul Specialist
Enable service providers to have premium voice and data services.
Provide private communication networks for companies
Products include:
LTE/WiMAX networks (high speed networks used by Sprint and Verizon)
Rural broadband
Next generation networks (deliver support for high- bandwidth needs)

4. Competitors Aviat Networks (AVNW) LM Ericsson Telephone Co. (ERIC)
just finished a restructuring plan
mass layoffs and plant closings
Lower Gross Margin and Market Cap
LM Ericsson Telephone Co. (ERIC)
Nokia Siemens Networks (PRIVATE)
privately owned

5. Recent News February March Secured orders from Tele2 Russia
one of Europe's leading telecommunications companies with over 20 million subscribers
Selected by Telefonica to be a global microwave backhaul vendor
approximately 25 million customers
March
$6 million with Globacom Nigeria (GLO)

6. Technicals Price: 9.19 52 week: 7.25-13.76 Mkt cap: 324.11 Million
P/E: -
Div/yield: -
EPS
Shares: Million
Beta:

7. 1-Month Chart

8. 6-Month Chart

9. 1-Year Chart

10. Analysts

11. Financials

12. Future First Quarter Results on May 7th similar to 4th quarter results
$118.5 million in revenues
analysts expected
$117.5 million in revenues
if they beat analysts expectations...

13. Reasons to Buy Growth in the telecommunications industry
Smartphones like Android/iPhone
More and more bandwidth is needed (streaming Hulu, e.g.)
Largest out of its competitors (market cap)
Wireless Backhaul Deployment in Nigeria
Currently receiving orders from many countries (Mexico, Russia, etc.)
Has networks in countries around the world.

14. CAPS Rating
5/5 star

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