Exhibit A

Press Release

Ceragon Reports First Quarter 2014 – May 8 2014

CERAGON NETWORKS REPORTS FIRST QUARTER 2014

FINANCIAL RESULTS

Paramus, New Jersey, May 8, 2014 - Ceragon Networks Ltd. (NASDAQ: CRNT), the #1 wireless hauling specialist today reported results for the first quarter which ended March 31, 2014.

Revenues for the first quarter of 2014 were within the range of updated guidance at $70.5 million, down 22% from $90.1 million for the first quarter of 2013, and down 21% from $89.5 million in the fourth quarter of 2013.

Net loss in accordance with US Generally Accepted Accounting Principles (GAAP) for the first quarter of 2014 was $(27.0) million or $(0.51) per basic share and diluted share, compared to net loss of $(14.1) million in the first quarter of 2013, or $(0.38) per basic share and diluted share.

On a non-GAAP basis, net loss for the first quarter was $(12.9) million, or $(0.25) per basic share and diluted share, excluding (a) $1.1 million of stock-based compensation expenses, (b) $0.5 million amortization of intangible assets, (c) $4.4 million restructuring and other expenses associated with the 2013 restructuring (d) $0.3 million of changes in pre-acquisition indirect tax positions (e) $4.1 million finance expenses related to a currency devaluation in Venezuela (f) $2.2 million related to  certain transactions to expatriate cash from Venezuela and Argentina, and (g) $1.5 million of non-cash tax adjustments. Non-GAAP net loss for the first quarter of 2013 was $(5.7) million, or $(0.16) per basic share and diluted share. (Please refer to the accompanying financial tables for reconciliation of GAAP financial information to non-GAAP.)

Gross margin on a GAAP basis in the first quarter of 2014 was 22.1% of revenues. Gross margin on a non-GAAP basis was 23.3% of revenues.

Operating loss on a GAAP basis in the first quarter of 2014 was $(17.1) million. On a non-GAAP basis, operating loss was $(10.8) million.

Cash and cash investments at the end of the quarter were $30.5 million. On April 2, the company announced a settlement agreement with Eltek ASA pursuant to which it has received $17 million in cash in the second quarter.

“We are pleased to see the strong bookings during the first quarter, especially for our new IP-20 products,” said Ira Palti, President and CEO of Ceragon. “As previously indicated, our bookings increased substantially from the fourth quarter and the IP-20 products accounted for more than 40% of total bookings. The number of requests for proposals, evaluations, trials and other new business activity continues to increase with both existing and new customers, and we are making progress on some large projects. These factors are the basis of our expectation that the second half of the year will be substantially better than the first half.

“Meanwhile, as we indicated in our update on April 2nd, our first quarter revenues were affected  by our decision not to ship and install an order we received from a large customer pending renegotiation of payment terms, and  the higher than expected proportion of orders for new IP-20 products during the initial phase of the manufacturing ramp. We have reached an understanding with the customer that will improve payment terms but also will result in spreading shipments over a longer time period in the future. We have made good progress during the initial phase of ramping our manufacturing for the new products during the first quarter, and we continue to ramp production as quickly as possible to meet the growing demand for the IP-20 products.”

Supplemental revenue breakouts:

Geographical breakdown, first quarter of 2014:

· Europe: 19%

· Africa: 11%

· North America: 13%

· Latin America: 30%

· India: 14%

· APAC: 13%

A conference call will follow today, May 8, 2014, beginning at 9:00 a.m. EDT. Investors are invited to join the Company’s teleconference by calling (877) 777-1968, or international +1(612) 332-0632 from 8:50 a.m. EDT. The call-in lines will be available on a first-come, first-serve basis.

- 2 -

Investors can also listen to the call live via the Internet by accessing Ceragon Networks’ website at the investors’ page: www.ceragon.com/about-us/ceragon/investor-relations, selecting the webcast link and following the registration instructions.

If you are unable to join us live, the replay numbers are: USA - (800) 475-6701, or international- +1 (320) 365-3844, Access Code: 325517. A replay of both the call and the webcast will be available through June 8, 2014.

About Ceragon Networks Ltd.

Ceragon Networks Ltd. (NASDAQ: CRNT) is the #1 wireless hauling specialist. We provide innovative, flexible and cost-effective wireless backhaul and fronthaul solutions that enable mobile operators and other wired/wireless service providers to deliver 2G/3G, 4G/LTE and other broadband services to their subscribers. Ceragon’s high-capacity, solutions use microwave technology to transfer voice and data traffic while maximizing bandwidth efficiency, to deliver more capacity over longer distances under any deployment scenario. Based on our extensive global experience, Ceragon delivers turnkey solutions that support service provider profitability at every stage of the network lifecycle enabling faster time to revenue, cost-effective operation and simple migration to all-IP networks. As the demand for data pushes the need for ever-increasing capacity, Ceragon is committed to serve the market with unmatched technology and innovation, ensuring effective solutions for the evolving needs of the marketplace. Our solutions are deployed by more than 430 service providers in over 130 countries.

Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON ® is a trademark of Ceragon Networks Ltd., registered in various countries. Other names mentioned are owned by their respective holders.

Safe Harbor

This press release may contain statements concerning Ceragon’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including risks associated with increased working capital needs, the risk that sales of Ceragon’s new IP-20 products will not meet expectations, risks associated with doing business in Latin America, including currency export controls and recent economic concerns, the risks relating to the concentration of our business in developing nations, the risk of significant expenses in connection with potential contingent tax liability associated with Nera’s prior operations or facilities,  and other risks and uncertainties detailed from time to time in Ceragon’s Annual Report on Form 20-F and Ceragon’s other filings with the Securities and Exchange Commission, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.

Investors:			Media:
Aviram Steinhart	or	Claudia Gatlin	Yoel Knoll
+972 3 5431 443		+1 201 853 0228	+972 3 5431 32 or +1 201 853 0271
avirams@ceragon.com		claudiag@ceragon.com	yoelk@ ceragon.com

-tables to follow-

- 3 -

Ceragon Reports First Quarter 2014 Results

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(U.S. dollars in thousands, except share and per share data)

(Unaudited)

	Three months ended
	March 31,
	2014		2013
Revenues	$	70,515	$	90,097
Cost of revenues		54,936		62,637
Gross profit		15,579		27,460
Operating expenses:
Research and development, net		10,439		11,906
Selling and marketing		15,420		17,533
General and administrative		5,906		6,715
Restructuring costs		936		-
Total operating expenses	$	32,701	$	36,154
Operating loss		17,122		8,694
Financial expenses, net		8,164		4,629
Loss before taxes		25,286		13,323
Taxes on income		1,677		818
Net loss	$	26,963	$	14,141
Basic and diluted net loss per share	$	0.51	$	0.38
Weighted average number of shares used in computing basic and diluted net loss per share		52,457,168		36,755,603

- 4 -

Ceragon Reports First Quarter 2014 Results

CONDENSED CONSOLIDATED BALANCE SHEETS

(U.S. dollars in thousands)

 (Unaudited)

	March 31, 2014			December 31, 2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	26,055		$	42,407
Short-term bank deposits		396			446
Marketable securities		-			5,499
Trade receivables, net		129,976			131,166
Other accounts receivable and prepaid expenses		33,179			34,205
Deferred taxes, net		6,986			7,198
Inventories		62,951			64,239
Total current assets		259,543			285,160
NON-CURRENT ASSETS:
Marketable securities		4,060			3,985
Deferred taxes, net		5,620			6,542
Severance pay funds and pension		6,883			7,065
Property and equipment, net		35,140			35,245
Intangible assets, net		6,703			7,213
Goodwill		15,036			14,935
Other non-current assets		6,995			5,826
Total non-current assets		80,437			80,811
Total assets	$	339,980		$	365,971
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Short term loans, including current maturities of long term loan	$	65,032		$	46,922
Trade payables		64,841			77,979
Deferred revenues		5,070			7,968
Other accounts payable and accrued expenses		44,282			45,526
Total current liabilities		179,225			178,395
LONG-TERM LIABILITIES
Long term bank loan, net of current maturities		8,246			10,304
Accrued severance pay and pension		13,879			13,635
Other long term liabilities		29,116			28,559
		51,241			52,498
SHAREHOLDERS' EQUITY:
Share capital:
Ordinary shares		141			141
Additional paid-in capital		359,036			357,989
Treasury shares at cost		(20,091	)		(20,091	)
Accumulated other comprehensive loss, net of taxes		(1,217	)		(1,569	)
Accumulated deficit		(228,355	)		(201,392	)
Total shareholders' equity		109,514			135,078
Total liabilities and shareholders' equity	$	339,980		$	365,971

- 5 -

Ceragon Reports First Quarter 2014 Results

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

(U.S. dollars, in thousands)

(Unaudited)

	Three months ended
	March 31,
	2014			2013
Cash flow from operating activities:
Net loss	$	(26,963	)	$	(14,141	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		3,378			4,038
Stock-based compensation expense		1,047			1,075
Decrease in trade and other receivables, net		1,894			23,652
Decrease in inventory, net of write-off		1,609			2,863
Decrease in deferred tax asset, net		1,317			150
Decrease in trade payables and accrued liabilities		(15,058	)		(13,425	)
Decrease in deferred revenues		(2,899	)		(1,252	)
Other adjustments		841			(101	)
Net cash provided by (used in) operating activities	$	(34,834	)	$	2,859
Cash flow from investing activities:
Purchase of property and equipment ,net		(2,850	)		(2,895	)
Investment in short and long-term bank deposits		-			(217	)
Proceeds from short and long-term bank deposits		50			-
Proceeds from sale and maturities of marketable securities		5,161			-
Net cash provided by (used in) investing activities	$	2,361		$	(3,112	)
Cash flow from financing activities:
Proceeds from exercise of options		-			1,137
Proceeds from short-term bank loans		18,110			3,000
Repayment of loans from financial institutions		(2,058	)		(4,058	)
Net cash provided by financing activities	$	16,052		$	79
Translation adjustments on cash and cash equivalents	$	69		$	(120	)
Decrease in cash and cash equivalents	$	(16,352	)	$	(294	)
Cash and cash equivalents at the beginning of the period		42,407			47,099
Cash and cash equivalents at the end of the period	$	26,055		$	46,805

- 6 -

Ceragon Reports First Quarter 2014 Results

RECONCILIATION OF NON-GAAP FINANCIAL RESULTS

(U.S. dollars in thousands, except share and per share data)

(Unaudited)

	Three months ended March 31,
	2014					2013
	GAAP (as reported)		Adjustments	Non-GAAP		Non-GAAP
Revenues	$	70,515		$	70,515	$	90,097
Cost of revenues		54,936	(a) 866		54,070		61,342
Gross profit		15,579			16,445		28,755
Operating expenses:
Research and development, net		10,439	(b) 2,586		7,853		10,383
Selling and marketing		15,420	(c) 1,015		14,405		16,110
General and administrative		5,906	(d) 884		5,022		5,648
Restructuring costs		936	936		-		-
Total operating expenses	$	32,701		$	27,280	$	32,141
Operating loss		17,122			10,835		3,386
Financial expenses, net		8,164	(e) 6,310		1,854		1,496
Loss before taxes		25,286			12,689		4,882
Taxes on income		1,677	(f) 1,490		187		818
Net loss	$	26,963		$	12,876	$	5,700
Basic and diluted net loss per share	$	0.51		$	0.25	$	0.16
Weighted average number of shares   used in computing basic and diluted   net loss  per share		52,457,168			52,457,168		36,755,603
Total adjustments			14,087

(a) Cost of revenues includes $0.3 million of amortization of intangible assets, $0.3 million of changes in pre-acquisition indirect tax positions, $0.1 million of stock based compensation expenses and $0.2 million of restructuring plan related costs in the three months ended March 31, 2014.

(b) Research and development expenses include $2.1 million of restructuring plan related costs and $0.5 million of stock-based compensation expenses in the three months ended March 31, 2014.

(c) Selling and marketing expenses include $0.2 million of amortization of intangible assets, $0.5 million of restructuring plan related costs and $0.3 million of stock based compensation expenses in the three months ended March 31, 2014.

(d) General and administrative expenses include $0.6 million of restructuring plan related costs and $0.3 million of stock based compensation expenses in the three months ended March 31, 2014.

(e) Financial expenses include $4.1 million of currency devaluation in Venezuela and $2.2 million related to certain transactions to expatriate cash from Venezuela and Argentina in the three months ended March 31, 2014.

(f) Taxes on income include $1.5 million of non-cash tax adjustments in the three months ended March 31, 2014.

- 7 -

Ceragon Reports First Quarter 2014 Results

RECONCILIATION BETWEEN REPORTED AND NON-GAAP

NET LOSS

(U.S. dollars in thousands)

(Unaudited)

	Three months ended
	March 31,
	2014		2013
Reported GAAP net loss		26,963		14,141
Stock based compensation expenses		1,047		1,075
Amortization of intangible assets		523		666
Inventory step-up		-		459
Restructuring expenses		4,440		2,844
Changes in pre-acquisition indirect tax positions		277		264
Currency devaluation in Venezuela		4,140		3,133
Expenses related to certain transactions to expatriate cash from Venezuela and Argentina		2,170		-
Non-cash tax adjustments		1,490		-
Non-GAAP net loss		12,876		5,700

 - 8 -