Shares of wireless infrastructure specialist Ceragon Networks
New rules intended to keep India's data networks free of spyware and viruses forced some of Ceragon's largest customers to stop ordering new equipment over the summer. Those customers started coming back at the end of the third quarter, explaining the strong sales and concomitant earnings boost, and management expects order patterns in that region to get back to normal in short order.
This should also help some of Ceragon's network equipment rivals in the Indian market, and also give a boost to the network installers that buy and install Ceragon's and competitors' equipment. For example, LM Ericsson
In short, Ceragon is telling us that the vowel of the crucial BRIC bloc is open to telecom infrastructure business again. If I owned shares of companies like DragonWave
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