Ceragon shares rose after the company said that a long-standing Tier-1 APAC customer has awarded it a new five-year agreement valued at $70 million.
The stock is 7% higher at $2.27. Ceragon shares hit their 52-week high of $3.29 on June 2, and are up 1.3% in the past 12 months.
Under the agreement, the technology company said it will continue supplying transport technology and services to support the operator's nationwide mobile network infrastructure, helping to expand and modernize its 4G and 5G transport network.
Ceragon said the new agreement includes the supply and deployment of technology such as IP-50CX, IP-50GP and E-band technology, including IP-50E, IP-50EX and IP-50EXP.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
July 21, 2026 10:17 ET (14:17 GMT)
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