search
Front > News

Ceragon delisting from TASE

Ira Palti
Ira Palti
11 Sep, 2017 16:21
שלח תגובה במיילShiri Habib-Valdhorn

Rad group companies Radware, Radcom, and Silicom were delisted in previous years.

The wave of dual-listed companies being delisted from the Tel Aviv Stock Exchange (TASE) is striking again. In addition to the healthcare companies that recently announced their delisting, communications equipment manufacturer company Ceragon Networks Ltd. (Nasdaq: CRNT; TASE:CRNT) is following the same path. The company today announced its intention of being delisting from the TASE, leaving it listed exclusively on Nasdaq. It is relatively easy for a dual-listed company to delist from the TASE; all it has to do is to provide 90 days notice. Ceragon will be traded on the TASE until December 11, when it will be delisted.

Managed by president and CEO Ira Palti, Ceragon provides wireless high capacity solutions for communications between base stations and the main network switch. Ceragon said today, "The company believes that having its shares traded in one theater will be more effective and also more beneficial for both the investors and the company." The company probably hopes that being traded only on Nasdaq will help increase its trading volumes, and might also boost its share price. Trading volumes in the share are currently not very large on either stock exchange.

Revenue up, share price down

Ceragon has been listed on the TASE since 2004, and on Nasdaq since 2000. The company's market cap is $163 million, following a 20% drop over the past year. Ceragon is actually the last company in the Rad group (controlled by the Zisapel brothers) still listed on the TASE. The shares of Rad group companies Radware Ltd. (Nasdaq:RDWR), Radcom Ltd. (Nasdaq: RDCM), and Silicom Ltd. (Nasdaq:SILC) were delisted from the TASE in previous years.

Published by Globes [online], Israel Business News - www.globes-online.com - on September 11, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Israel formulates measures to cut planned US tariff

Two delegations will fly to Washington for talks on the matter with proposals including cutting bureaucracy for US imports.

Ashkelon vacation home fetches unexpectedly high price

US buyers paid NIS 4.37 million for the 20th floor apartment overlooking the marina.

Igal Zamir credit: TAT Technologies Buoyant TAT Technologies "no longer under investors' radar"

The Israeli aerospace company's share price has risen 27.9% since the start of 2025.

Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Jerusalem, Beit Shemesh, Tel Aviv, Ness Ziona, Nahariya, and Netivot.

Zutacore cofounder and CEO Erez Freibach credit: Gal Bref, Moshe Filberg and Zutacore PR SoftBank teams with Israeli chip liquid cooling startup ZutaCore

The Sderot-based company has developed an innovative cooling technology that dramatically cuts energy costs for data centers.

Hearst Tower New York credit: Shutterstock Hearst Ventures shuts down Israel office

The closure is part of a global move to shut down offices outside the US, but the fund will continue investment in Israeli companies.

US President Donald Trump credit: Shutterstock US reciprocal procurement demands put Israel in a bind

Reciprocal procurement on major tenders injects billions of dollars into Israel every year and supports hundreds of local companies but Israel may need to relax them in exchange for US tariff cuts.

Israeli stocks on Wall Street credit Nasdaq, Raanan Tal, Itay Tagar, Space Cut design: Tali Bogdanovsky Despite turmoil, analysts bullish on Israel Wall Street stocks

After recent strong declines, analysts are tipping Israeli tech stocks, with relative immunity to recession and limited exposure to tariffs.

Intel's 2025 vision credit: Intel Will Intel's sell-off include Israeli assets?

After the sale of Altera, "Globes" considers whether the troubled chipmaker will sell Mobileye or its Kiryat Gat fab.

CloudShare management team credit: PR Bow River Capital buys Israeli co CloudShare

The Denver-based alternative asset manager is paying an estimated $60-80 million for the SaaS provider of AI guided solutions for complex technical training requirements.

Housing prices continue to rise credit: Tali Bogdanovsky Israel's housing price rise riddle

Despite a huge inventory of unsold new homes in central Israel and weak sales, apartment prices are still rising. "Globes" analyzes the data.

Inflation credit: Tali Bogdanovsky March CPI higher than expected, housing prices rise

The March reading brings annual inflation in Israel down to 3.3% from 3.4% at the end of February.

Ben Gurion airport credit: Tali Bogdanovsky Abundance of affordable last minute Passover flight deals

The return of foreign airlines to Israel has brought down fares dramatically even for last minute vacations.

Karish rig credit: Eyal Izhar Kesem Energy signs gas deals worth $2.8b

The power plant, scheduled to begin operating in 2029, will buy gas worth $2 billion from Energean and a further $700-800 million from the Tamar partners.

Kosher for Passover Coca Cola bottles credit: social media Why are yellow cap Coca Cola bottles different from all others?

Nostalgic Coca Cola aficionados claim that the kosher for Passover version, made from sugar cane instead of high fructose corn syrup, is the genuine taste of the soft drink.

Avigdor Willenz credit: Intel Exclusive: Avigdor Willenz's Element Labs raises $50m

The Israeli startup is developing AI processors for inference, the stage in which AI models are activated after they have already been trained.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018