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<SEC-DOCUMENT>0001178913-09-000999.txt : 20090505
<SEC-HEADER>0001178913-09-000999.hdr.sgml : 20090505
<ACCEPTANCE-DATETIME>20090505135841
ACCESSION NUMBER:		0001178913-09-000999
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20090505
DATE AS OF CHANGE:		20090505
EFFECTIVENESS DATE:		20090505

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:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-158983
		FILM NUMBER:		09796796

	BUSINESS ADDRESS:	
		STREET 1:		24 RAOUL WALLENBERG ST
		STREET 2:		972-3-645-5733
		CITY:			TEL AVIV ISRAEL
		STATE:			L3
		ZIP:			69719
		BUSINESS PHONE:		0119723645

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GIGANET LTD
		DATE OF NAME CHANGE:	20000719
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>zk96690.htm
<TEXT>
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     <!-- Control Number: 96690                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Ceragon Networks Ltd                                             -->
     <!-- Project Name:   S-8                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>S-8</TITLE>
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<TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="TOP">
     <TD WIDTH="100%" align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2">As filed with the U.S. Securities and Exchange Commission on May 5, 2009</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Registration No. 333-____________</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><HR ALIGN=LEFT WIDTH=100% SIZE=4 NOSHADE STYLE="margin-top: -5px"><HR ALIGN=LEFT WIDTH=100% SIZE=1 NOSHADE STYLE="margin-top: -10px"></TD></TR>
</TABLE>
<BR>




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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="4"><B>U.S. SECURITIES AND EXCHANGE
COMMISSION</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>WASHINGTON, D.C. 20549 </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM S-8 </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>REGISTRATION STATEMENT </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNDER THE </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES ACT OF 1933 </FONT></H1>

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<p ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><B>Ceragon Networks Ltd.</B> </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact Name of Registrant as Specified in Its charter)</FONT></P>



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     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
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     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Israel</B> </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>N/A</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>(State or Other Jurisdiction of</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>(I.R.S. Employer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>Incorporation or Organization)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>Identification No.)</FONT></TD></TR>
</TABLE>
<BR>



<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>24 Raoul Wallenberg Street
<BR>Tel Aviv 69719, Israel
<BR>972-3-645-5733</B> </FONT>
<BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address, including Zip Code, and Telephone Number, Including Area Code of Principal Executive Offices)</FONT></P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Ceragon Networks Ltd. 2003 Share Option Plan
</B><BR>(Full Title of the Plan) </FONT>
</P>



<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Ceragon Networks, Inc.
<BR>10 Forest Avenue
<BR>Paramus, New Jersey 07652
<BR>(201) 845-6955
</B><BR>(Name, Address, including Zip Code, and Telephone Number, including Area Code, of Agent for Service) </FONT>
</P>

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<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH WIDTH=50%><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH>
     <TH WIDTH=50%><FONT FACE="Times New Roman" SIZE="2"><B></B> </FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER colspan=2><FONT FACE="Times New Roman" SIZE="2"><B>Copies to:</B> </FONT></TD>
     </TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Richard H. Gilden, Esq.</B> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Ira Palti</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Kramer Levin Naftalis &amp; Frankel LLP</B> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Ceragon Networks Ltd.</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>1177 Avenue of the Americas</B> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>24 Raoul Wallenberg Street</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>New York, New York 10036</B> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Tel Aviv 69719, Israel</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Tel: 212-715-9486</B> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Tel: 972-3-766-6402</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Fax: 212-715-8085</B> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><B>Fax: 972-3-645-5499</B> </FONT></TD></TR>
</TABLE>
<BR>

<p align=center>
<font size=2></font></p>
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<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1>Title of Each Class Of<BR>
Securities To Be Registered</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman" SIZE="1">Amount To Be<BR>
Registered <SUP>(1)</SUP> </FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1>Proposed Maximum<BR>
Offering Price Per<BR>
Security</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1>Proposed Maximum<BR>
Aggregate Offering<BR>
Price</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1>Amount Of<BR>
Registration Fee</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH>
     <TH><FONT FACE="Times New Roman" SIZE=1></FONT></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="40%" ALIGN="left"><FONT FACE="Times New Roman" SIZE=2>Ordinary Shares, par value NIS 0.01 per share</FONT></TD>
     <TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2">1,450,000<SUP>(2)</SUP> </FONT></TD>
     <TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2">$5.04<SUP>(3)</SUP>&nbsp; </FONT></TD>
     <TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE="2">$7,308,000.00<SUP>(3)</SUP>&nbsp; </FONT></TD>
     <TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman" SIZE=2>$407.79&nbsp;</FONT></TD></TR>
</TABLE>
<BR>


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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Pursuant to Rule 416 under the Securities Act of 1933, as amended (the
          &#147;Securities Act&#148;), this registration statement shall also cover any
          additional ordinary shares that may become issuable by reason of any stock
          dividend, stock split, recapitalization or other similar transaction effected
          without receipt of consideration that increases the number of outstanding
          ordinary shares of the registrant. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Represents the number of ordinary shares which may be issued upon exercise of
          options granted under the Ceragon Networks Ltd. 2003 Share Option Plan, over and
          above the number of ordinary shares issuable pursuant to such plan that were
          previously registered under the Securities Act. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(3)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Pursuant to Rule 457(h)(1) under the Securities Act, the proposed maximum
          offering price per security and the proposed maximum aggregate offering price
          are based on the average of the high and low sale prices per share of the
          registrant&#146;s ordinary shares as reported by The Nasdaq Global Market on
          April 29, 2009. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

<p align=center>
<font size=2>2</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>


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<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>STATEMENT
UNDER GENERAL INSTRUCTION E &#150; REGISTRATION OF ADDITIONAL SECURITIES</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with General Instruction E to Form S-8, the number of ordinary shares of
Ceragon Networks Ltd. (the &#147;Registrant&#148;) to be registered as set forth above
represents 1,450,000 ordinary shares which may be issued upon exercise of options granted
under the Ceragon Networks Ltd. 2003 Share Option Plan (the &#147;2003 Plan&#148;) over
and above the number of ordinary shares issuable pursuant to the 2003 Plan that were
previously registered under the Securities Act. Reference is made to the Registrant&#146;s
Registration Statements on Form S-8 filed with the Securities and Exchange Commission (the
&#147;Commission&#148;) on August 2, 2004 (Registration No. 333-117849) and on August 15,
2006 (Registration No. 333-136633) (the &#147;Prior Registration Statements&#148;),
pursuant to which a total of 4,281,080 ordinary shares issuable under the 2003 Plan were
registered under the Securities Act. Pursuant to General Instruction E to Form S-8, the
contents of the Prior Registration Statements are hereby incorporated by reference in
their entirety, except as otherwise updated or modified by this Registration Statement. </FONT></P>

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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 3. INCORPORATION OF
DOCUMENTS BY REFERENCE. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed by the Registrant with the Commission pursuant to the Securities
Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) (File No. 0-30862) are
hereby incorporated herein by reference and made a part hereof: </FONT></P>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
Registrant&#146;s Annual Report on Form 20-F for the fiscal year ended
                    December 31, 2008, filed with the Commission on April 1, 2009; </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
Registrant&#146;s report on Form 6-K filed with the Commission on May 1,
                    2009; and </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
description of the Registrant&#146;s ordinary shares, par value NIS 0.01 per
                    share, contained in the Registrant&#146;s Prospectus dated August 3,
2000 filed                     with the Commission pursuant to Rule 424(b) under the
Securities Act. </FONT></TD>
</TR>
</TABLE>
<BR>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Registrant with the Commission pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, after the date of this Registration
Statement and prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then remaining
unsold, and all Reports of Foreign Private Issuer on Form 6-K submitted by the Registrant
to the Commission during such period, or portions thereof that are identified in such
forms as being incorporated into this Registration Statement, shall be deemed to be
incorporated by reference in this Registration Statement and to be a part hereof from the
date of filing such documents. Any document, or any statement contained in a document,
incorporated or deemed to be incorporated by reference herein shall be deemed to be
modified or superseded for purposes of this Registration Statement to the extent that a
document or statement contained herein, or in any other subsequently filed document that
also is deemed to be incorporated by reference herein, modifies or supersedes such
document or statement. Any statement so modified or superseded shall not be deemed, except
as so modified or superseded, to constitute a part of this Registration Statement. Subject
to the foregoing, all information appearing in this Registration Statement is qualified in
its entirety by the information appearing in the documents incorporated by reference. </FONT></P>

<p align=center>
<font size=2>3</font></p>
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<P STYLE="page-break-after:always"></P>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 8. EXHIBITS. </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following is a list of exhibits filed as a part of this Registration Statement which are
incorporated herein: </FONT></P>

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<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>EXHIBIT NO.</B> </FONT> </TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
EXHIBIT</B> </FONT> </TD>
</TR>
</TABLE>
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<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
of Shibolet &amp; Co. regarding the legality of ordinary shares being registered </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Kost Forer Gabbay &amp; Kasierer, a Member of Ernst &amp; Young Global </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Shibolet &amp; Co. (included in Exhibit 5.1) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24.1  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney (included in the signature pages to this Registration Statement) </FONT></TD>
</TR>
</TABLE>
<BR>


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<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>ITEM 9. UNDERTAKINGS. </FONT></H1>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned registrant hereby undertakes: </FONT></P>

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          <TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
               <TR VALIGN=TOP>
               <TD ALIGN=RIGHT WIDTH=5%></TD>
               <TD WIDTH=95%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
               To file, during any period in which offers or sales are being made, a
               post-effective amendment to this Registration Statement: </FONT></P></TD>
               </TR>
               </TABLE>
               <BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
include any prospectus required by Section 10(a)(3) of the Securities Act;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
reflect in the prospectus any facts or events arising after the effective           date
of this Registration Statement (or the most recent post-effective amendment
          thereof) which, individually or in the aggregate, represent a fundamental
change           in the information set forth in the Registration Statement.
Notwithstanding the           foregoing, any increase or decrease in volume of securities
offered (if the           total dollar value of securities offered would not exceed that
which was           registered) and any deviation from the low or high end of the
estimated maximum           offering range may be reflected in the form of prospectus
filed with the           Commission pursuant to Rule 424(b) if, in the aggregate, the
changes in volume           and price represent no more than a 20 percent change in the
maximum aggregate           offering price set forth in the &#147;Calculation of
Registration Fee&#148;          table in the effective registration statement;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>To
include any material information with respect to the plan of distribution not
          previously disclosed in the Registration Statement or any material change to
          such information in the Registration Statement;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Provided,
however</I>, that paragraphs (a)(1)(i) and (a)(1)(ii) shall not apply to information
contained in periodic reports filed by the registrant pursuant to Section 13 or Section
15(d) of the Exchange Act that are incorporated by reference in this Registration
Statement.  </FONT>
</TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=5%></TD>
<TD WIDTH=95%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(2) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act,           each
such post-effective amendment shall be deemed to be a new registration
          statement relating to the securities offered therein, and the offering of such
          securities at that time shall be deemed to be the initial bona fide offering
          thereof.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=5%></TD>
<TD WIDTH=95%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(3) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.  </FONT></P></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD ALIGN=RIGHT WIDTH=5%></TD>
<TD WIDTH=95%><P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(4) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining liability of the registrant under the           Securities
Act to any purchaser in the initial distribution of the securities,           the
undersigned registrant undertakes that in a primary offering of securities           of
the undersigned registrant pursuant to this Registration Statement,           regardless
of the underwriting method used to sell the securities to the           purchaser, if the
securities are offered or sold to such purchaser by means of           any of the
following communications, the undersigned registrant will be a seller           to the
purchaser and will be considered to offer or sell such securities to such
          purchaser:  </FONT></P></TD>
</TR>
</TABLE>
<BR>

<p align=center>
<font size=2>4</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>


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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(i) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Any
preliminary prospectus or prospectus of the undersigned registrant relating           to
the offering required to be filed pursuant to Rule 424;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(ii) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Any
free writing prospectus relating to the offering prepared by or on behalf of
          the undersigned registrant or used or referred to by the undersigned
registrant;  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iii) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
portion of any other free writing prospectus relating to the offering
          containing material information about the undersigned registrant or its
          securities provided by or on behalf of the undersigned registrant; and  </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(iv) </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Any
other communication that is an offer in the offering made by the undersigned
          registrant to the purchaser.  </FONT></TD>
</TR>
</TABLE>
<BR>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned registrant hereby undertakes that, for purposes of determining
          any liability under the Securities Act, each filing of the registrant&#146;s
          annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act
          (and, where applicable, each filing of an employee benefit plan&#146;s annual
          report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
          reference in this Registration Statement shall be deemed to be a new
          registration statement relating to the securities offered herein, and the
          offering of such securities at that time shall be deemed to be the initial bona
          fide offering thereof. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Insofar as indemnification for liabilities arising under the Securities Act of
          may be permitted to directors, officers and controlling persons of the
          registrant pursuant to the foregoing provisions, or otherwise, the registrant
          has been advised that in the opinion of the Securities and Exchange Commission
          such indemnification is against public policy as expressed in the Securities Act
          and is, therefore, unenforceable. In the event that a claim for indemnification
          against such liabilities (other than the payment by the registrant of expenses
          incurred or paid by a director, officer or controlling person of the registrant
          in the successful defense of any action, suit or proceeding) is asserted by such
          director, officer or controlling person in connection with the securities being
          registered, the registrant will, unless in the opinion of its counsel the matter
          has been settled by controlling precedent, submit to a court of appropriate
          jurisdiction the question whether such indemnification by it is against public
          policy as expressed in the Securities Act and will be governed by the final
          adjudication of such issue. </FONT></P>

<p align=center>
<font size=2>5</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, the registrant certifies
that it has reasonable grounds to believe that it meets all the requirements for filing on
Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Tel Aviv, State of Israel, on the
5<SUP>th</SUP> day of May, 2009. </FONT> </P>


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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Ceragon Networks Ltd.</B><BR><BR>
<BR>By: /s/ Ira Palti<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Ira Palti<BR><I>President and Chief Executive Officer</I> </FONT></TD>
</TR>
</TABLE>
<BR>






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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That
each of the undersigned appoints Zohar Zisapel, Ira Palti and Yael Langer, and each of
them, as his true and lawful attorney-in-fact and agent, with full power of substitution
and resubstitution, for him including post-effective amendments and related registration
statements, to this Registration Statement, and to file same, with exhibits thereto and
other documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys-in-fact and agents, full power and authority to do separately
and perform each and every act requisite and necessary to be done, as fully to all intents
and purposes as he might or could so in person, hereby ratifying and confirming all that
said attorneys-in-fact and agents, or their substitutes may lawfully do or cause to be
done by virtue hereof. This Power of Attorney may be signed in several counterparts. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, as amended, this Registration Statement
has been signed by the following persons in the capacities and on the date indicated. </FONT></P>




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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><U>Name</U></B> </FONT> </TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><U>Title</U></B> </FONT> </TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B><U>Date</U></B> </FONT> </TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
/s/ Zohar Zisapel<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Zohar Zisapel</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chairman of the Board of Directors</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 5, 2009</FONT></TD>
</TR>
</TABLE>
<BR>



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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
/s/ Ira Palti<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Ira Palti</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">President and Chief Executive<BR>Officer (<I>principal executive officer</I>) </FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 5, 2009</FONT></TD>
</TR>
</TABLE>
<BR>



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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
/s/ Naftali Idan<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Naftali Idan</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Executive Vice President and Chief<BR>Financial Officer (<I>principal<BR>financial and accounting officer</I>) </FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 5, 2009</FONT></TD>
</TR>
</TABLE>
<BR>



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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
/s/ Joseph Atsmon<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Joseph Atsmon</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 5, 2009</FONT></TD>
</TR>
</TABLE>
<BR>



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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
/s/ Yael Langer<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Yael Langer</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 5, 2009</FONT></TD>
</TR>
</TABLE>
<BR>


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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
/s/ Yair Orgler<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Yair Orgler</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 5, 2009</FONT></TD>
</TR>
</TABLE>
<BR>



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<TABLE WIDTH=100% CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Avi Patir</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>___________, 2009</FONT></TD>
</TR>
</TABLE>
<BR>

<p align=center>
<font size=2>6</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of Section 6(a) of the Securities Act, the undersigned has signed the
Registration Statement solely in the capacity of the duly authorized representative of the
Registrant in the United States on May 5, 2009. </FONT></P>

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<TR VALIGN=TOP>
<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Ceragon Networks, Inc.</B><BR><BR>
<BR>By: /s/ Jayne Leighton<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Jayne Leighton<BR><I>President</I> </FONT></TD>
</TR>
</TABLE>
<BR>


<p align=center>
<font size=2>7</font></p>
<HR SIZE="1" NOSHADE  STYLE="margin-top: -2px">
<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INDEX TO EXHIBITS </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The following is a list of exhibits
filed as part of this Registration Statement: </FONT></P>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>EXHIBIT NO.</B> </FONT> </TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>
EXHIBIT</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
of Shibolet &amp; Co. regarding the legality of ordinary shares being registered </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Kost Forer Gabbay &amp; Kasierer, a Member of Ernst &amp; Young Global </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Shibolet &amp; Co. (included in Exhibit 5.1) </FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=12%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24.1  </FONT></TD>
<TD WIDTH=88%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney (included in the signature pages to this Registration Statement) </FONT></TD>
</TR>
</TABLE>
<BR>

<p align=center>
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<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>exhibit_5-1.htm
<TEXT>

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     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
     <!-- Project:        \\Backup\edgar filing\Ceragon Networks Ltd\96690\a96690.eep      -->
     <!-- Control Number: 96690                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Ceragon Networks Ltd                                             -->
     <!-- Project Name:   S-8                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>S-8</TITLE>
</HEAD>
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<P align=right><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit 5.1</B></U> </FONT> </P>

<IMG SRC="shibolet.jpg"><BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Museum Tower, 4 Berkowitz St. Tel Aviv 64238, Israel
<BR>Tel: 972 3 7778333 &nbsp;&nbsp;&nbsp;&nbsp;Fax: 972 3 7778444
<BR>e &#150; mail: manager@shibolet.com
<BR>official website: www.shibolet.com
</FONT></P>

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<TD WIDTH=40%>&nbsp;</TD>
<TD WIDTH=60%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Tel
Aviv, May 5<SUP>th</SUP>, 2009 <BR>Ref: C-296-0</B> </FONT></TD>
</TR>
</TABLE>
<BR>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Ceragon Networks&nbsp;Ltd. </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>24 Raoul Wallenberg Street, </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Tel Aviv 69719 </FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>Israel </FONT></P>

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<TD WIDTH=95%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Re: Ceragon
Networks Ltd. &#150; Registration Statement on Form&nbsp;S-8 for the Registration of an
Aggregate of 1,450,000 Ordinary Shares authorized for issuance under the Ceragon Networks
Ltd. 2003 Option Plan</B></U> </FONT> </TD>
</TR>
</TABLE>
<BR>

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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Ladies and Gentlemen: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We refer to the registration
statement of form S-8 (the &#147;Registration Statement&#148;), filed by Ceragon Networks
Ltd., an Israeli Company (the &#147;Company&#148;), with the Securities and Exchange
Commission under the Securities Act of 1933, as amended (the &#147;Act&#148;), relating to
the registration of 1,450,000 of the Company&#146;s Ordinary Shares, nominal value NIS
0.01 each (the &#147;Shares&#148;), authorized for issuance under the Company&#146;s 2003
Option Plan (the &#147;2003 Plan&#148;). </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This opinion is being furnished in
accordance with the requirements of Item 8 of Form&nbsp;S-8. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In our capacity as the Company&#146;s
Israeli counsel in connection with the preparation and filing of the Registration
Statement, we have examined the Company&#146;s Articles, the 2003 Plan (as amended), and
protocols of meetings of the board of directors of the Company and its shareholders with
respect to the 2003 Plan and other documents we have considered necessary or appropriate
for the purpose of this opinion, which were presented to us by the Company. We have
assumed that the Company presented to us all such protocols and documents relating to or
having any bearing on the 2003 Plan. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>In connection with the authorization,
issuance and sale of the Shares pursuant to the 2003 Plan, and for purposes of this
opinion, we have assumed, without having conducted any independent investigation or
verification, that, the documents we examined are in full force and effect and have not
been amended or otherwise modified and that all actions, resolutions, documents and other
instruments required under the 2003 Plan and all related documents have been and shall be,
with regard to future actions, duly and validly taken by the Company and authorized by all
relevant persons and entities and have been or shall be duly, validly and timely completed
in the manner required both with regard to their adoption procedures and to their
contents. In our examination, we have assumed the genuineness of all signatures, the legal
capacity of all natural persons, the correctness and completeness of certificates of
public officials and the representations set forth therein, the authenticity of all
documents submitted to us as originals and the conformity to authentic original documents
of all documents submitted to us as copies. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We are members of the Israeli Bar and
we are opining herein as to the effect on the subject matter only of the internal laws of
the State of Israel, and we express no opinion with respect to the applicability thereto,
or the effect thereon, of the laws of any other jurisdiction. </FONT></P>

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<font size=2></font></p>
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<HR SIZE="4" NOSHADE  STYLE="margin-top: -10px">
<P STYLE="page-break-after:always"></P>

<P align=center><FONT FACE="Times New Roman, Times, Serif" SIZE=2><IMG SRC="shibolet.jpg"></FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Subject to the foregoing, we are of
the opinion that, if, as and when the Shares shall have been paid for and issued in
accordance with all the terms and conditions of the 2003 Plan and all applicable laws,
such Shares will be duly authorized, legally issued, fully paid and nonassessable. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We consent to the filing of this
opinion letter as Exhibit 5 to the Registration Statement. This consent is not to be
construed as an admission that we are a party whose consent is required to be filed with
the Registration Statement under the provisions of the Act. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This opinion letter is rendered as of
the date first written above and we disclaim any obligation to advise the Company of
facts, circumstances, events or developments, including, without limitation, in the law,
which hereafter may be brought to our attention and which may alter, affect or modify the
opinion expressed herein. Our opinion is expressly limited to the matters set forth above
and we render no opinion, whether by implication or otherwise, as to any other matters
relating to the Company, the 2003 Plan or the Shares. </FONT></P>

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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Very truly yours,<BR><BR>/s/ Shibolet &amp; Co.<BR><BR>Advocates and Notaries</FONT></TD>
</TR>
</TABLE>
<BR>



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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>NEW YORK AFFILIATED OFFICE</B>: 1
Penn Plaza, Suite 2527, New York, NY 10019, Phone: (212)244-4111, Fax: (212)563-7108</FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>ISRAELI-CHINESE LEGAL DESK</B>:
(in Cooperation with the Zong Lun Law Firm) Bank of China Tower, <BR>200 Yincheng Road
Central, Pudong, Shanghai 200120, Phone: 86-21-5037-2668; Fax: 86-21-5037-2178 </FONT></P>

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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>exhibit_23-1.htm
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     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
     <!-- Project:        \\Backup\edgar filing\Ceragon Networks Ltd\96690\a96690.eep      -->
     <!-- Control Number: 96690                                                            -->
     <!-- Rev Number:     1                                                                -->
     <!-- Client Name:    Ceragon Networks Ltd                                             -->
     <!-- Project Name:   S-8                                                              -->
     <!-- Firm Name:      Zadok-Keinan Ltd                                                 -->
     <TITLE>S-8</TITLE>
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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>EXHIBIT 23.1</B></U> </FONT> </P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CONSENT OF INDEPENDENT
REGISTERED PUBLIC ACCOUNTING FIRM </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>We consent to the reference in the
Registration Statement (Form S-8) pertaining to the Ceragon Networks Ltd. 2003 Share Option
Plan and to the incorporation by reference therein of our report dated April 1, 2009, with
respect to the consolidated financial statements of Ceragon Networks Ltd. included in its
Annual Report (Form 20-F) for the year ended December 31, 2008, and the effectiveness of internal control over financial reporting of Ceragon Networks Ltd., filed with the Securities
and Exchange Commission. </FONT></P>


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     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="2"><U>/s/ KOST FORER GABBAY &amp; KASIERER</U> </FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Tel-Aviv, Israel</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>KOST FORER GABBAY &amp; KASIERER</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>May 5, 2009</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>A Member of Ernst &amp; Young Global</FONT></TD></TR>
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