Ceragon Networks Ltd. announced that it learned in late December that a large customer requires additional acceptance procedures and documentation for equipment purchased. Ceragon estimates that the delay will postpone recognition of $11 million to $14 million revenue from 2012 to 2013. Ceragon adds that the equipment was installed and accepted previously by the customer pursuant to the process in place at the time. In its previous guidance, Ceragon announced that the fourth quarter of 2012 would be weak, due to the global macroeconomic situation.

The company also estimated that its full year revenue at $459 million to $465 million, 3% to 4.4% growth over 2012. Ceragon did not disclose whether the revenue would be recognized in the first quarter of 2013 or in subsequent quarters. It cannot be ruled out that part of the revenue from this customer will not be recognized in 2013 at all, and that recognition will be delayed until 2014.