DALLAS, Aug. 31, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Ceragon Networks Ltd. (Nasdaq:CRNT). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Ceragon Networks Ltd. (CRNT) provides wireless backhaul solutions, which enables cellular operators and other wireless service providers to deliver voice and data services, such as Internet browsing, music and video applications. The wireless backhaul solutions use microwave technology to transfer telecommunication traffic between base stations and the core of the service provider's network. It also provides the solutions to businesses and public institutions, which operate their own private communications networks.
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In the report, the analyst notes:
"Net income in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for the second quarter of 2010 was $2.6 million or $0.07 per basic share and diluted share, including a one-time expense of $1.15 million to acquire technology for further development. Net income in the second quarter of 2009 was $0.2 million, or $0.01 per basic and diluted share.
"CRNT also recently announced that it has received new orders for its advanced FibeAir® platforms from a leading Indian operator. CRNT's equipment will be deployed in a number of circles to facilitate the operator's network expansion. CRNT is an important player in India's expanding wireless backhaul market. The Company's advanced hybrid (IP/TDM) and all-IP solutions are used by most of India's leading mobile operators to provide vital, high quality and high-capacity connectivity."
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