CRNT: Ceragon Networks Ltd. Message Board

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Technology Stocks : CRNT: Ceragon Networks Ltd.

CRNT 2.600

-6.8%

Oct 31 3:59 PM EST

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From: JakeStraw	2/22/2010 8:52:14 AM
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Ceragon is purveyor of microwave backhaul solutions and it reported December quarter results earlier this month that were easily above consensus on both the top and bottom line. Demand was especially strong in the EMEA region with growth of 24% YY and 38% QQ, driven largely by a contract with Hutchison 3. But the big winner was North American revenue up 80% from last year and 175% sequentially driven by an unnamed US wireless carrier. The company continues to see demand for backhaul being very strong throughout Asia but it was overshadowed by the other two regions in the fourth quarter. I think the biggest surprise for investors was guidance for 2010. The company expects revenue to grow 30%-35% or $240-$249 million versus current consensus of $222 million. Look at it from a carrier perspective: If your subscribers are taxing your 3G network with their smartphones and netbooks, what’s going to happen when you want them to migrate to 4G? Carriers have no choice but to spend money now to improve throughput because, if they don’t, there are alternatives. minyanville.com

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