LITTLE FALLS, New Jersey,
Feb. 20, 2019 /PRNewswire/ -- Ceragon
Networks Ltd. (NASDAQ: CRNT), the #1 wireless backhaul specialist,
today announced that it has appointed Ran Vered to serve as its
chief financial officer, replacing Doron
Arazi, who will continue in his role as Ceragon's deputy CEO
with expanded business and strategic responsibilities.
With almost 20 years of experience as a financial executive with
companies such as Check Point Software, Radcom, and Amdocs, Ran
brings extensive financial knowledge and experience with
publicly-traded companies, as well as a deep understanding of
multinational organizations.
"We are very pleased to welcome Ran to our management team and
we are most fortunate be able to attract someone with Ran's
extensive background and experience," said Ira Palti, president and CEO. "Ran will be a
real asset to our organization and his financial leadership will
enable Doron to work even more closely with me on business and
strategic initiatives to lead Ceragon into the 5G era."
"I am excited to be joining Ceragon and to be part of a team
that has already demonstrated such excellent performance by
increasing net income for the fourth consecutive year," commented
Ran Vered. "I look forward to contributing to the company's future
success, especially during such an exciting period, as Ceragon
enables its customers to address increasingly complex challenges on
the road to 5G."
Ran joins Ceragon from Check Point Software, where he served as
VP – Finance since 2018, and he previously served as CFO of Radcom.
His career also included various financial positions at Amdocs and
several years in public accounting with KPMG.
About Ceragon Networks Ltd.
Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless backhaul
specialist. We help operators and other service providers worldwide
smoothly evolve their networks towards 5G, while increasing
operational efficiency and enhancing end customers' quality of
experience, with innovative wireless backhaul solutions. Our
customers include wireless service providers, public safety
organizations, government agencies and utility companies, that use
our solutions to deliver mission-critical multimedia services and
other applications at high reliability and speed.
Ceragon's unique multicore technology and wireless backhaul
solutions provide highly reliable, 5G high-capacity connectivity
with minimal use of spectrum, power and other resources. Our
solutions enable increased productivity, as well as simple and
quick network modernization. We deliver a range of professional
services that ensure efficient network rollout and optimization to
achieve the highest value for our customers. Ceragon's solutions
are deployed by more than 460 service providers, as well as
hundreds of private network owners, in more than 130
countries.
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Safe Harbor
Ceragon Networks® and FibeAir® are registered trademarks of
Ceragon Networks Ltd. in the United
States and other countries. CERAGON ® is a trademark of
Ceragon Networks Ltd., registered in various countries. Other names
mentioned are owned by their respective holders.
This press release contains statements concerning Ceragon's
future prospects that are "forward-looking statements" as defined
in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on the current beliefs,
expectations and assumptions of Ceragon's management. Examples of
forward-looking statements include: projections of revenues, net
income, gross margin, capital expenditures and liquidity,
competitive pressures, growth prospects, product development,
financial resources, cost savings and other financial matters. You
may identify these and other forward-looking statements by the use
of words such as "may", "plans", "anticipates", "believes",
"estimates", "targets", "expects", "intends", "potential" or the
negative of such terms, or other comparable terminology. These
forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including risks
relating to the concentration of Ceragon's business in certain
geographic regions and particularly in India, risks associated with a decline
in demand from the single market segment on which we focus; risk
relating to certain guarantees granted by Ceragon on behalf of
Orocom to FITEL, in the framework of the FITEL project; risks
associated with any failure to effectively compete with other
wireless equipment providers; risks associated with a change in our
gross margin as a result of changes in the geographic mix of
revenue; risks related to the fact that our operating results
may vary significantly from quarter to quarter and from our
expectations for any specific period; risks related to our ability
to meet the supply demands of our customers in a timely manner due
to the high volatility in their supply needs; risks associated with
difficulties in obtaining market acceptance of newly
introduced product; risks associated with technical difficulties
that may be discovered in newly developed products; and other risks
and uncertainties detailed from time to time in Ceragon's Annual
Report on Form 20-F and Ceragon's other filings with the Securities
and Exchange Commission, that represent our views only as of the
date they are made and should not be relied upon as representing
our views as of any subsequent date. We do not assume any
obligation to update any forward-looking statements.
Media
Contact:
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Investor
Contact:
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Tanya
Solomon
|
Claudia
Gatlin
|
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Ceragon
Networks
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Tel:
+972-3-543-1163
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Tel. +1
212-830-9080
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tanyas@ceragon.com
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claudiag@ceragon.com
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SOURCE Ceragon Networks Ltd