Ceragon Books Over $10M in Q2 Private Network Deals Across Public Safety, Utilities
CRNT sits 18% above its 52-week low of $1.82.
Summary
Ceragon secured over $10 million in private network bookings in Q2, spanning public safety, utilities, and smart cities. The deals include a Next Generation 9-1-1 project in Ohio, a P25 public safety network modernization in the Pacific Northwest, and a major metropolitan emergency network in Latin America. This follows a $70 million Tier-1 APAC operator agreement announced two days ago, reinforcing momentum in mission-critical wireless. The bookings represent a material addition to backlog for a company with a $205 million market cap, signaling growing demand for private wireless infrastructure.
At the time of this announcement, CRNT was trading at $2.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $204.5M. The 52-week trading range was $1.82 to $3.29. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.