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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-01-001296.txt : 20010223
<SEC-HEADER>0000950123-01-001296.hdr.sgml : 20010223
ACCESSION NUMBER:		0000950123-01-001296
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010201
FILED AS OF DATE:		20010214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CERAGON NETWORKS LTD
		CENTRAL INDEX KEY:			0001119769
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		
		SEC FILE NUMBER:	000-30862
		FILM NUMBER:		1540519

	BUSINESS ADDRESS:	
		STREET 1:		24 RAOUL WALLENBERG ST
		STREET 2:		972-3-645-5733
		CITY:			TEL AVIV 69719 ISRAE
		STATE:			L3
		ZIP:			00000
		BUSINESS PHONE:		01197236455733

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GIGANET LTD
		DATE OF NAME CHANGE:	20000719
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>y45099e6-k.txt
<DESCRIPTION>REPORT OF FOREIGN ISSUER
<TEXT>

<PAGE>   1







                                    FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                            REPORT OF FOREIGN ISSUER


                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934


                         For the month of February, 2001


                              CERAGON NETWORKS LTD.
               --------------------------------------------------
                 (Translation of registrant's name into English)


               24 Raoul Wallenberg Street, Tel Aviv 69719, Israel
               --------------------------------------------------
                    (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.

                           Form 20-F X   Form 40-F
                                    ---           ---

Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934

                                  Yes    No X
                                     ---   ---

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
                                   -----
<PAGE>   2
                                    SIGNATURE


             Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.

                                 CERAGON NETWORKS LTD.


Date: February 14, 2001          By /s/  Shraga Katz
                                    ----------------
                                    Name:  Shraga Katz
                                    Title: President and Chief Executive Officer
<PAGE>   3
                                  EXHIBIT INDEX


Exhibit Description

Press Release: Ceragon Networks to Expand Manufacturing Capacity Through
Agreement with Flextronics
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>y45099ex99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>

<PAGE>   1
                            [CERAGON NETWORKS LOGO]



FOR IMMEDIATE RELEASE



                    CERAGON NETWORKS TO EXPAND MANUFACTURING
                  CAPACITY THROUGH AGREEMENT WITH FLEXTRONICS



         TEL AVIV, ISRAEL, FEBRUARY 13, 2001 - Ceragon Networks Ltd. (NASDAQ:
CRNT), a global provider of high-capacity broadband wireless systems for next
generation communications networks, today announced that it has signed a
strategic manufacturing agreement with Flextronics (NASDAQ: FLEX), a world-class
electronics manufacturing services (EMS) provider. Under the agreement,
Flextronics will provide Ceragon with additional manufacturing capacity,
enabling the company to expand production of its FibeAir product family while
reducing costs.

         "Our aggressive global expansion strategy has created a growing demand
for FibeAir products," said Shraga Katz, president and CEO, Ceragon Networks
Ltd. "We are always exploring new ways to maintain our leadership in the
broadband wireless industry, which includes finding better ways to meet our
production goals. This outsourcing move will allow us to increase our production
capacity so we can dedicate more company resources to developing our next
generation of high-capacity wireless networking products."

         Ceragon's products enable high-capacity networking connections in the
metropolitan market. Service providers use Ceragon systems in metropolitan ring
topologies, private networks and as access connections to large corporate
offices, MTUs or lower capacity technologies, such as point-to-multipoint
networks.


ABOUT CERAGON NETWORKS LTD.

         Ceragon Networks Ltd. is a pacesetter in broadband wireless networking
systems, enabling high-capacity connectivity in metropolitan areas. Uniquely
designed for high-growth, global communications service providers to generate
immediate revenue, Ceragon's commercially proven intelligent broadband network
solutions support high-speed Internet access


                                     (more)
<PAGE>   2
CERAGON EXPANDS MANUFACTURING - 2


and integrated data, video and voice services. Ceragon's FibeAir product family
operates across multiple licensed frequencies from 18 to 38 GHz while complying
with North American and International standards and delivering IP, SONET/SDH and
ATM broadband networks. Ceragon's products enable quick and cost-effective
connections for capacity constrained business customers within their own
networks, or as a gateway onto the backbone infrastructure. Founded in 1996,
Ceragon is headquartered in Tel Aviv, Israel, with North American headquarters
in New Jersey and European headquarters in the UK. More information is available
at www.ceragon.com. Ceragon Networks - the shape of next generation networks.

Certain statements concerning Ceragon's future prospects are "forward-looking
statements" under the Private Securities Litigation Reform Act of 1995. There
can be no assurances that future results will be achieved, and actual results
could differ materially from forecasts and estimates. Important factors that
could cause actual results to differ materially from forecasts and estimates
include: Ceragon's limited operating history and history of losses; Ceragon's
dependence on a limited number of key customers, independent manufacturers and
suppliers; Ceragon's ability to increase its manufacturing capacity; and the
demand for Ceragon's products. These risks and uncertainties, as well as others,
are discussed in greater detail in Ceragon's filings with the Securities and
Exchange Commission. Ceragon makes no commitment to revise or update any
forward-looking statements in order to reflect events or circumstances after the
date any such statement is made.



Contacts:         Brad Ritter
                  GAJ Services Inc.
                  740-363-2141
                  britter@gajservices.com


                  Laura Yatim
                  Ceragon Networks Ltd.
                  972-3-765-7560
                  laura@ceragon.com


                                    # # #
</TEXT>
</DOCUMENT>
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