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Press releases

August 18, 2022

Independent Proxy Advisory Firm Glass Lewis Recommends that Ceragon Shareholders Vote for Change

August 16, 2022

Aviat Networks Sends Letter Urging Fellow Shareholders of Ceragon Networks to Vote on the GOLD Proxy Card Before Time Runs Out 


August 11, 2022

Independent Proxy Advisory Firm ISS Recognizes the Need for Board Change at Ceragon to Ensure a "More Fulsome Evaluation of Strategic Alternatives"

August 10, 2022

Aviat Networks Issues Open Letter to Ceragon Networks Shareholders to Correct the Latest False Claims and Mischaracterizations from the Ceragon Board

August 2, 2022

Aviat Networks Revises Proposal to Acquire Ceragon Networks to $3.08 Per Share

July 28, 2022

Aviat Networks Urges Ceragon Networks Shareholders to Vote for Highly-Qualified Director Nominees

July 18, 2022


Aviat Networks Urges Ceragon Networks Shareholders to Push for Board Change


July 12, 2022


Aviat Networks Issues Open Letter to Ceragon Networks Shareholders


July 6, 2022


Aviat Networks Calls Out Ceragon Networks' Failure to Respond to Acquisition Proposal and Request for Extraordinary Meeting of Shareholders


June 27, 2022


Ceragon Networks Shareholder Aviat Networks Calls for Extraordinary General Meeting of Ceragon Shareholders and Nominates Five Highly Qualified, Independent Candidates for Election to the Ceragon Board of Directors


June 27, 2022


Aviat Networks Proposes to Acquire Ceragon Networks for $2.80 Per Share in Cash

In the news

What the analysts are saying (1)

George Iwanyc of Oppenheimer & Co.

“Bottom Line: We view Aviat's offer positively for Ceragon and see potential value in combining the two companies.”

Scott W. Searle of Roth Capital Partners

“Potentially hugely accretive: AVNW estimates the combined entity would generate $35M of cost synergies with the first two years, translating to 15%+ EBITDA margins by year 3. The transaction is expected to be accretive in year 1 with no revenue synergies assumed in the model. We estimate that financed with debt and with fully recognized cost synergies the combined entity could conservatively generate EPS 30%+ above current model expectations. Even with equity consideration, we see the deal as meaningfully accretive.”

Alex Henderson and Matt Dezort of Needham & Company

“Much Better Together: Aviat and Ceragon combined would bring together strong technology, represent a larger US market share, and benefit from better scale, and better penetration of Enterprise and Government markets. We have told both management teams a merger makes strategic sense.”

Tim Savageaux of Northland Capital Markets

“We see multiple strategic, with a very complementary mix of private vs carrier and US vs Intl exposures, and financial positives from the proposed deal, reflected only in small part in our increased PT, with revenue and COGS synergies likely beyond the $35M in annual cost savings the company is targeting.”

(1) - Permission to use quotations was neither sought nor obtained.

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