CRNT - Ceragon Networks rises on $44M+ contract win

• Ceragon Networks ( NASDAQ: CRNT ) shares gained over 7% pre-market on Tuesday after it signed a multi-year contract with a tier 1 Pacific Rim operator to extend and enhance its 4G and 5G coverage across regional areas nationwide.
• The contract is valued at a potential of $44M+ over 3 years, with delivery starting as early as Nov 2022.
• Under the contract, the operator will use Ceragon's ( CRNT ) microwave and millimeter wave solutions, alongside its SDN Suite and full turn-key services to achieve optimal coverage.
• Ceragon CEO Doron Arazi commented: "This contract signifies an immense vote of confidence in Ceragon, as potential average annual bookings are expected to increase by over 50%. By leveraging Ceragon's high-power and multiband solutions, the operator can cover longer distances with fewer sites, delivering ultra-high capacity with up to 20Gbps capacity, hence leading to reduced capital and operating expenses."

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