Ceragon Networks (CRNT) has released an update.
Ceragon Networks Ltd., a leader in wireless connectivity solutions, is successfully transitioning to a Software as a Service (SaaS) business model, driving a shift towards more stable and recurring revenue streams. The company’s innovative Smart Activation Key software, which allows efficient network device activation and feature licensing, has seen substantial adoption with tens of thousands of licenses ordered in the first half of the fiscal year. This move towards SaaS is part of Ceragon’s strategy to smooth out the volatility typically associated with hardware sales cycles.
For further insights into CRNT stock, check out TipRanks’ Stock Analysis page.
