Ceragon Networks Ltd. (CRNT:US) headed for the biggest advance in more than two months after the maker of wireless networking systems received orders for high-capacity wireless equipment.
The shares advanced 3.1 percent, poised for the largest gain since Feb. 21, to 36.40 shekels at 12:25 p.m. in Tel Aviv. The benchmark TA-25 index advanced less than 0.1 percent.
Ceragon said it will provide high-capacity wireless point- to-point and point-to-multipoint solutions and “last mile” equipment to the Florida Rural Broadband Alliance. The new network will provide high-speed broadband services to 15 counties in Florida.
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