Ceragon Networks received new orders for its wireless network equipment from a leading wireless carrier in India, helping push its shares up 9 percent Monday. The Israeli company did not release the terms of the deal or the name of the customer. Ceragon, which makes equipment used in the "backhaul" networks that connect wireless towers to the telecommunications network, said it expects to record revenue from the new orders next year. The company also said it continues to target revenue growth of 30 percent to 35 percent for 2010. Shares of Ceragon Networks Ltd. ( CRNT - news - people ) rose 70 cents to $8.48 Monday. Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice. |
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