Ceragon Networks (CRNT) 6-K 28 Sep 18 2018 Q2 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant Name	CERAGON NETWORKS LTD
Entity Central Index Key	1,119,769
Document Type	6-K
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS:
Cash and cash equivalents	$ 29,398	$ 25,877
Trade receivables (net of allowance for doubtful accounts of $ 7,883 and $ 5,721 at December 31, 2017 and June 30, 2018 (unaudited), respectively)	118,545	113,719
Other accounts receivable and prepaid expenses	10,512	17,052
Inventories	46,040	54,164
Total current assets	204,495	210,812
NON-CURRENT ASSETS:
Long-term bank deposits	996	996
Deferred taxes, net	529	988
Severance pay and pension fund	5,115	5,459
Other accounts receivable	3,212	3,269
PROPERTY AND EQUIPMENT, NET	30,055	29,870
INTANGIBLE ASSETS, NET	2,810	2,199
Total non-current assets	42,717	42,781
Total assets	247,212	253,593
CURRENT LIABILITIES:
Trade payables	63,614	75,476
Deferred revenues	6,357	5,193
Other accounts payable and accrued expenses	25,390	24,781
Total current liabilities	95,361	105,450
LONG-TERM LIABILITIES:
Deferred tax liability	92	141
Accrued severance pay and pension	9,555	10,085
Other long-term payables	3,730	4,019
Total long-term liabilities	13,377	14,245
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:
Share capital: Ordinary shares of NIS 0.01 par value - Authorized: 120,000,000 shares at December 31, 2017 and June 30, 2018 (unaudited); Issued: 81,526,715 and 81,851,915 shares at December 31, 2017 and June 30, 2018 (unaudited), respectively; Outstanding: 78,045,192 and 78,370,392 shares at December 31, 2017 and June 30, 2018 (unaudited), respectively.	214	214
Additional paid-in capital	412,223	410,817
Treasury shares at cost - 3,481,523 ordinary shares as of December 31, 2017 and June 30, 2018 (unaudited).	(20,091)	(20,091)
Accumulated other comprehensive loss	(9,367)	(7,171)
Accumulated deficits	(244,505)	(249,871)
Total shareholders' equity	138,474	133,898
Total liabilities and shareholders' equity	$ 247,212	$ 253,593

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Jun. 30, 2018USD ($)shares	Jun. 30, 2018₪ / shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2017₪ / shares
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts | $	$ 5,721		$ 7,883
Ordinary shares, par value | ₪ / shares		₪ 0.01		₪ 0.01
Ordinary shares, shares authorized	120,000,000		120,000,000
Ordinary shares, shares issued	81,851,915		81,526,715
Ordinary shares, shares outstanding	78,370,392		78,045,192
Treasury stock, ordinary shares	3,481,523		3,481,523

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Revenues	$ 171,603	$ 169,355
Cost of revenues	115,250	117,848
Gross profit	56,353	51,507
Operating expenses:
Research and development, net	14,035	12,235
Selling and marketing	20,931	19,776
General and administrative	9,649	9,570
Total operating expenses	44,615	41,581
Operating income	11,738	9,926
Financial expenses, net	4,680	3,079
Income before taxes	7,058	6,847
Taxes on income	1,762	1,993
Net income	$ 5,296	$ 4,854
Basic net income per share	$ 0.07	$ 0.06
Diluted net income per share	$ 0.07	$ 0.06
Weighted average number of shares used in computing basic net income per share	78,155,810	77,845,690
Weighted average number of shares used in computing diluted net income per share	80,457,636	80,359,375

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 5,296	$ 4,854
Other comprehensive income:
Change in foreign currency translation adjustment	(1,018)	150
Cash flow hedges:
Change in net unrealized gains	(1,440)	1,524
Amounts reclassified from AOCI	262	156
Net change	(1,178)	1,680
Other comprehensive income (loss), net	(2,196)	1,830
Total of comprehensive income	$ 3,100	$ 6,684

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]		Additional paid-in Capital [Member]	Treasury shares at cost [Member]	Accumulated other comprehensive income (loss) [Member]	Accumulated deficit [Member]	Total
Balance at Dec. 31, 2016	$ 214		$ 409,320	$ (20,091)	$ (7,848)	$ (265,431)	$ 116,164
Balance, shares at Dec. 31, 2016	77,768,929						77,768,929
Exercise of options and RSU's		[1]	294				$ 294
Exercise of options and RSU's, shares	276,263
Share-based compensation expense			1,203				1,203
Other comprehensive income, net					677		677
Net income						15,560	15,560
Balance at Dec. 31, 2017	$ 214		410,817	(20,091)	(7,171)	(249,871)	$ 133,898
Balance, shares at Dec. 31, 2017	78,045,192						78,045,192
Exercise of options and RSU's		[1]	374				$ 374
Exercise of options and RSU's, shares	325,200
Share-based compensation expense			1,032				1,032
Other comprehensive income, net					(2,196)		(2,196)
Cumulative effect of accounting change						70	70
Net income						5,296	5,296
Balance at Jun. 30, 2018	$ 214		$ 412,223	$ (20,091)	$ (9,367)	$ (244,505)	$ 138,474
Balance, shares at Jun. 30, 2018	78,370,392						78,370,392
[1]	Represent an amount lower than $1.

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income	$ 5,296	$ 4,854
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	3,501	4,574
Stock-based compensation expense	1,032	619
Increase in trade and other receivables, net	(109)	(9,288)
Decrease (increase) in inventory, net of write off	7,049	(10,555)
Decrease in deferred tax asset, net	410	140
Increase (decrease) in trade payables and accrued liabilities	(10,237)	18,775
Increase in deferred revenues	1,796	1,018
Other adjustments	(186)	(88)
Net cash provided by operating activities	8,552	10,049
Cash flow from investing activities:
Purchase of property and equipment	(3,957)	(3,505)
Purchase of intangible assets, net	(1,336)
Net cash used in investing activities	(5,293)	(3,505)
Cash flow from financing activities:
Proceeds from share options exercise	374	189
Repayment of bank loans		(9,000)
Net cash used in (provided by) financing activities	374	(8,811)
Effect of exchange rate changes on cash	(112)	16
Increase (decrease) in cash and cash equivalents	3,521	(2,251)
Cash and cash equivalents at the beginning of the period	25,877	36,338
Cash and cash equivalents at the end of the period	$ 29,398	$ 34,087

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1:- GENERAL a. Ceragon Networks Ltd. ("the Company") is a wireless backhaul specialist. It provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services, enabling smart-phone applications such as internet browsing, social networking applications, image sharing, music and video applications. Its wireless backhaul solutions use microwave radio technology to transfer large amounts of telecommunication traffic between base stations and small-cells and the core of the service provider's network. The Company also provides wireless fronthaul solutions that use microwave technology for ultra-high speed, ultra-low latency communication between LTE/LTE-Advanced base band digital units stations and remote radio heads. b. The Company's solutions support all wireless access technologies, including LTE-Advanced, LTE, HSPA, EV-DO, CDMA, W-CDMA and GSM. The Company's systems also serve evolving network architectures including all-IP long haul networks. c. The Company sells its products through a direct sales force, systems integrators, distributors and original equipment manufacturers. d. The Company's wholly owned subsidiaries provide research and development, marketing, manufacturing, distribution, sales and technical support to the Company's customers worldwide. e. Subsequent to balance sheet date, the Company signed commercial agreements with Orocom, a new operator in Peru, to provide broadband connectivity in rural regions. The Peruvian Government (“Fitel”) . In anticipation of signing the commercial agreements mentioned above and after signing an operating agreement with Orocom and its shareholders, the Company provided, in the second quarter of 2018, bank guarantees amounting to $29.1 million, on behalf of Orocom to Fitel, to secure the return of a down payment to be received by Orocom, or part of it, in case Orocom fails to meet the down payment related obligations. These bank guarantees came into effect subsequent to the balance sheet date, when a down payment of $29.1 million was received by Orocom . Orocom’s down payment related agreement between Orocom and Fitel, these Fitel ; Orocom down payment related towards Provisions of the operating agreement mentioned above grant the Company certain protective rights in Orocom during the network build-out phase and These Orocom’s directors a requirement for receipt of consent by all board members to various decisions, including but not limited to, for the approval of any commitment exceeding one hundred thousand dollars; and any other data, including audit rights.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES- a. Interim Financial Statements The accompanying consolidated balance sheet as of June 30, 2018, the consolidated statements of operations, the consolidated statements of comprehensive income and the consolidated statements of cash flows for the six months ended June 30, 2017 and 2018, as well as the statement of changes in shareholders' equity for the six months ended June 30, 2018, are unaudited. These unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. In the management’s opinion, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position as of June 30, 2018, as well as its results of operations and cash flows for the six months ended June 30, 2017 and 2018. The results of operations for the six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018. b. Use of estimates The preparation of the consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates, judgments and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, the Company's management evaluates its estimates, including those related to accounts receivable, fair values and useful lives of intangible assets, fair values of stock-based awards, income taxes, and contingent liabilities, among others. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of the Company’s assets and liabilities. c. Significant accounting policies The accompanying unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (the "SEC") on March 27, 2018. Other than the change described below, there have been no changes to the significant accounting policies described in the Annual Report on Form 20-F for the fiscal year ended December 31, 2017 that have had a material impact on the unaudited interim consolidated financial statements and related notes. d. Revenue Recognition The Company recognizes revenue when (or as) it satisfies performance obligations by transferring promised products or services to its customers in an amount that reflects the consideration the Company expects to receive. The Company applies the following five steps: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a customer. For each contract, the Company considers the promise to transfer tangible products, network roll-out, professional services and customer support, each of which are distinct, to be the identified performance obligations. In determining the transaction price, the Company evaluates whether the price is subject to rebates and adjustments to determine the net consideration to which the Company expects to receive. As the Company’s standard payment terms are less than one year, the contracts have no significant financing component. The Company allocates the transaction price to each distinct performance obligation based on their relative standalone selling price. Revenue from tangible products is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied). The revenues from customer support is recognized ratably over the contract period and the costs associated with these contracts are recognized as incurred. Revenues from network roll-out and professional services are recognized when the Company's performance obligation is satisfied, usually upon customer acceptance. Most of the Company’s distributors are entitled to a right of return related to stock rotation and rebates. Distributors have the right to return a certain amount of product in exchange for new products, and/or the right for rebates, according to the agreed specification in the contracts. e. Impact of recently issued Accounting Standards: In February 2016, the FASB issued ASU 2016-02, “Leases”, on the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for in a manner similar to the accounting under existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASC 842 supersedes the previous leases standard, ASC 840, "Leases". In July 2018, the FASB also issued ASU 2018-11, Targeted Improvements to Topic 842, which provides an alternative transition method at the transition date, allowing entities to recognize a cumulative effect adjustment to the opening balance of retained earnings upon adoption. The guidance is effective for the interim and annual periods beginning on or after December 15, 2018, and early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its condensed consolidated financial statements and footnote disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which provides guidance with the intent of reducing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The Company adopted ASU 2016-15 during 2018. The adoption of this new guidance had no impact on the Company’s condensed consolidated balance sheets, statements of income and cash flows. In July 2018, the FASB issued ASU 2018-07, ”Compensation - Stock Compensation (Topic 718) - Improvements to Non-employee Share-based Payment Accounting." ASU 2018-07 was issued to simplify several aspects of the accounting for nonemployee share-based payment transactions resulting from expanding the scope of Topic 718, Compensation - Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The ASU is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its condensed consolidated financial statements and footnote disclosures. In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). The standard replaced the revenue recognition guidance in U.S. GAAP under Topic 605 and was required to be applied retrospectively to each prior period presented, or applied using a modified retrospective method with the cumulative effect recognized in the beginning retained earnings during the period of initial application. Subsequently, the FASB issued several additional ASUs related to ASU No. 2014-09, collectively they are referred to as the “new revenue standards”, which became effective for the Company beginning January 1, 2018. The Company adopted the standard using the modified retrospective method. See Note 8 for details about the impact from adopting the new revenue standard and other required disclosures.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 3:- INVENTORIES December 31, June 30, 2017 2018 Raw materials $ 12,011 $ 10,268 Work in progress 576 730 Finished products 41,577 35,042 $ 54,164 $ 46,040 During the six-month ended June 30, 2017 and 2018 the Company recorded inventory write-offs for excess inventory and slow moving inventory in a total amount of $ 2,912 and $ 1,106, respectively that have been included in cost of revenues.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	NOTE 4:- FAIR VALUE MEASUREMENT The carrying amounts of financial instruments carried at cost, including cash and cash equivalents, short-term deposits, restricted cash, accounts receivable, prepaid expenses and other assets, accounts payable, accrued expenses and other liabilities, approximate their fair value due to the short-term maturities of such instruments. The following table present liabilities measured at fair value on a recurring basis as of June 30, 2018 : June 30, 2018 Fair value measurements using input type Level 2 Total Derivatives instruments $ (919 ) $ (919 ) Total liabilities $ (919 ) $ (919 ) The following table present liabilities measured at fair value on a recurring basis as of December 31, 2017: Year ended December 31, 2017 Fair value measurements using input type Level 2 Total Derivatives instruments $ (7 ) $ (7 ) Total liabilities $ (7 ) $ (7 )

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	NOTE 5:- DERIVATIVE INSTRUMENTS As of December 31, 2017, the Company had outstanding forward exchange contracts designated as a cash flow hedge for the acquisition of NIS 38,077 in consideration for $ 10,743 maturing in a period of up to one year. As of June 30, 2018, the Company had outstanding forward exchange contracts designated as a cash flow hedge for the acquisition of NIS 78,348 in consideration for $ 22,518 maturing in a period of up to one year. The Company also enters into forward exchange contracts to hedge a portion of its certain monetary items in the balance sheet, such as trade receivables and trade payables denominated in foreign currencies for a period of up to one month (the "Fair Value Hedging Program"). The purpose of the Company's Fair Value Hedging Program is to protect the fair value of the monetary assets from foreign exchange rates fluctuations. Gains and losses from derivatives related to the Fair Value Hedging Program are not designated as hedging instruments. Loss recognized in Statements of Comprehensive income Gain (loss) recognized Six months ended June 30, 2018 Statement of Six months ended June 30, Operations item 2017 2018 Derivatives designated as hedging instruments: forward contract $ (875 ) Operating expenses $ (156 ) $ (262 ) Derivatives not designated as hedging instruments: Foreign exchange forward contracts - Financial expenses (1,374 ) 1,076 Total $ (875 ) $ (1,530 ) $ 814 December 31, June 30, Balance sheet 2017 2018 Derivatives designated as hedging instruments: Foreign exchange forward contracts "Other account receivables and prepaid expenses" $ 303 $ - "Other account payables and accrued expenses" $ - $ (875 ) "Other comprehensive income (loss)" $ 303 $ (875 ) Derivatives not designated as hedging instruments: Foreign exchange forward contracts and other derivatives "Other receivables and prepaid expenses" $ 148 $ 216 "Other account payables and accrued expenses" $ (457 ) $ (260 )

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 6:- COMMITMENTS AND CONTINGENT LIABILITIES a. Lease commitments: The Company and its subsidiaries lease their facilities and motor vehicles under various operating lease agreements that expire on various dates. Aggregate minimum rental commitments under non-cancelable leases at June 30, 2018, were as follows: Year ended December 31, 2018 $ 2,751 2019 4,850 2020 1,206 2021 376 2022 244 $ 9,427 Expenses for lease of facilities for the six months ended June 30, 2018 and 2017 were approximately $ 2,396 and $ 2,189 respectively. Expenses for the lease of motor vehicles for the six months ended June 30, 2018 and 2017 were approximately $ 397 and $ 389, respectively. b. During the six months ended June 30, 2017 and 2018, the Company received several grants from the Israeli Innovation Authority (“IIA”). The grants require the Company to comply with the requirements of the Research and Development Law, however, the Company is not obligated to pay royalties on sales of products based on technology or know how developed from the grants. In a case involving the transfer of technology or know how developed from the grants outside of Israel, the Company may be required to pay royalties related to past sales of products based on the technology or the developed know how. The Company recorded the IIA grants as a reduction of research and development expenses in the six months ended June 30, 2017 and 2018 in the amount of $ 937 and $ 626, respectively. c. Charges and guarantees: As of June 30, 2017 In addition, the Company has a collateral deposit in the amount of $ 996 for outstanding letters of credit. d. Litigations: The Company is currently involved in various claims and legal proceedings. The Company reviews the status of each matter and assesses its potential financial exposure. If the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated, the Company accrues a liability for the estimated loss. On January 6, 2015 the Company was served with a motion to approve a purported class action, naming the Company, its Chief Executive Officer and its directors as defendants. The motion was filed with the District Court of Tel-Aviv. The purported class action alleges breaches of duties by making false and misleading statements in the Company's SEC filings and public statements. The plaintiff seeks specified compensatory damages in a sum of up to $75,000,000, as well as attorneys’ fees and costs. The Company filed its defense on June 21, 2015, and on October 22, 2015 the plaintiff filed a request for discovery of specific documents. The Company filed its response to the plaintiffs' request for discovery on January 25, 2016 and the plaintiffs submitted their response on February 24, 2016. On June 8, 2016, the District Court partially accepted the plaintiff's request for discovery and ordered the Company to disclose some of the requested documents. The Company's request to appeal this decision was denied by the Supreme Court on October 25, 2016, and the Company disclosed the required documents to the plaintiff. The plaintiff filed his reply to the Company’s defense by April 2, 2017. A preliminary hearing was held on May 22, 2017, in the framework of which the court set dates for response to the Company’s above mentioned requests as well as dates for evidence hearings. In May 2017, the Company filed two requests: the first, requesting to dismiss the plaintiff’s response to the Company’s defense, or, alternatively, to allow the Company to respond to it; the second, to continue discussions with regards to the legal question of the governing law. On July 17, 2017, the court issued its decision in the first request, denying the requested dismissal of plaintiff’s response to the Company’s defense, but allowing the Company to respond to it; on July 29, 2017, the Court issued its decision in the second request, and denied it. The Company filed its response on September 18, 2017. On October 2, 2017, the Plaintiff filed a request to summon two of the Company's officers (Company's chairman, Mr. Zisapel and Company's Chief Executive Officer, Mr. Palti) to the upcoming evidence hearing. The Company filed its response on October 26, 2017; and the Plaintiff filed its reply to Company's response. The first evidence hearing took place on November 2, 2017, as scheduled. During the hearing the Company agreed to consider summoning to the second evidence hearing one of the abovementioned requested Company's officers, and on October 8 Summaries were filed by the Plaintiff on March 21, 2018 and the Company filed its summaries on June 12, 2018. The Plaintiff filed their reply summaries on September 5, 2018. The initial procedure (i.e. until the District Court decides whether to approve the motion or to deny it) has been conducted for over three and a half years now and the Company is unable to estimate when the District Court will issue a decision. The Company believes that the District Court should deny the motion. However, there is no assurance that the Company's position will be accepted by the District Court. In such case the Company may have to divert attention of its executives to deal with this class action as well as incur expenses that may be beyond its insurance coverage for such cases, which cause a risk of loss and expenditures that may adversely affect its financial condition and results of operations. The Company believes it has strong defense arguments and in light of recent legal rulings regarding dual listed companies, and after the evidence hearings were conducted and summaries were submitted, the Company believes it is more likely than not, that the District Court will reject the motion for class action. Therefore, the Company did not record a provision as of June 30, 2018.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 7:- SHAREHOLDERS' EQUITY a. Ordinary shares The ordinary shares of the Company entitle their holders to receive notice to participate and vote in general meetings of the Company, the right to share in distributions upon liquidation of the Company, and to receive dividends, if declared. b. Stock Options, Restricted Stock Units In 2003, the Company adopted a share option plan (the "Plan"). Upon adoption of the Plan, the Company reserved for issuance 8,639,000 ordinary shares in accordance with the respective terms thereof. Any options or RSU’s, which are canceled or forfeited before the expiration date, become available for future grants. On June 14, 2018, the Company`s board of directors decided to reserve an additional amount of 1,600,000 ordinary shares under the plan. As of June 30, 2018, the Company has 1,845,955 Ordinary shares available for future grant under the Plan. On September 6, 2010, the Company's board of directors amended the Plan so as to enable to grant Restricted share Units ("RSUs") pursuant to such Plan. The following table summarizes the activities for the Company’s stock options and RSU’s for the six months ended June 30, 2018: Six months ended June 30, 2018 Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 7,939,978 $ 3.61 3.75 $ 2,839 Granted 432,401 $ 3.00 Exercised (314,384 ) $ 1.75 Forfeited or expired (250,505 ) $ 6.52 Outstanding at end of the period 7,807,490 $ 3.56 3.43 $ 10,386 Options exercisable at end of the year 5,025,948 $ 4.48 2.86 $ 5,940 Vested and expected to vest 7,402,176 $ 3.67 3.36 $ 9,778 Number of RSUs Aggregate intrinsic value Outstanding at beginning of year 327,093 $ 648 Granted - Vested (10,816 ) Forfeited (13,150 ) Outstanding at end of period 303,127 $ 1,082 Vested and expected to vest 220,420 $ 787 During the six months ended June 30, 2018, the Company's Board of Directors granted 432,401 options to employees and directors to purchase 432,401 ordinary shares of the Company. The exercise prices for the options are from $ 1.95 to $ 3.14 per share, with vesting to occur in up to 4 years. During the six months ended June 30, 2017 and 2018 the Company recorded share based compensation in total amount of $ 619 and $ 1,032, respectively. During the year ended December 31, 2017, 237,410 options were exercised at a weighted average exercise price of $ 1.19. In addition, 37,269 RSU’s were vested during the year. During the six months ended June 30, 2018, 314,384 options were exercised at a weighted average exercise price of $ 1.75. In addition, 10,816 RSU’s were vested during the period. As of June 30, 2018, the total unrecognized estimated compensation cost related to non-vested stock options granted prior to that date was $ 1,462, which is expected to be recognized over a weighted average period of approximately one year.

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2018
Revenues [Abstract]
REVENUES	NOTE 8:- REVENUES On January 1, 2018, the Company adopted ASC Topic 606-10 using the modified retrospective method and applied the standard to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606-10, while prior period amounts are not adjusted and continue to be reported in accordance with the historic accounting under Topic 605. The Company recognized the cumulative effect of initially adopting Topic 606-10 as an adjustment to the opening balance of retained earnings as of January 1, 2018. The most significant impact of the Standard on the Company's condensed financial statements, relates to completion of its performance obligations in accordance with variable considerations, which primarily contributed to the adjustment to the opening balance of retained earnings as well as the impact of adoption disclosed in the tables below. The cumulative effect of the changes made to the consolidated balance sheet as of January 1, 2018 for the adoption of Topic 606-10 were as follows: December 31, 2017 Adjustments January 1, 2018 Trade receivables $ 113,719 $ 117 $ 113,836 Trade payables $ 75,476 $ 47 $ 75,523 Accumulated deficits $ (249,871 ) $ 70 $ (249,801 ) In accordance with Topic 606-10, the disclosure of the impact of adoption on the consolidated balance sheet as of June 30, 2018 was as follows: As Reported Impact of Adoption Amounts under Topic 605 Condensed Consolidated Balance Sheet Trade receivables $ 118,545 $ (260 ) $ 118,285 Trade payables $ 63,614 $ (10 ) $ 63,604 Deferred revenues $ 6,357 $ 18 $ 6,375 Accumulated deficits $ (244,505 ) $ (268 ) $ (244,773 ) The following table summarizes the impacts of adopting Topic 606-10 on our consolidated condensed statements of income during the six months ended June 30, 2018: As Reported Impact of Adoption Amounts under Topic 605 Condensed Consolidated Statements of Income Revenue $ 171,603 $ (278 ) $ 171,325 Cost of Sales $ 115,250 $ (10 ) $ 115,240 Gross margin $ 56,353 $ (268 ) $ 56,085 The Company records contract liabilities as deferred revenues, when it receives payments from customers before performance obligations have been performed Because the performance obligations are part of a contracts that have an original expected duration of one year or less, all performance obligations in the Company’s contracts with customers, other than post-contract customer support, the Company has elected to apply the optional exemption and is not required to disclose the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. The following table presents the significant changes in the deferred revenue balance during the six months ended June 30, 2018: Six months ended June 30, 2018 Balance, beginning of the period $ 5,193 New performance obligations 8,934 Reclassification to revenue as a result of satisfying performance obligations (7,770 ) Balance, end of the period $ 6,357

GEOGRAPHIC INFORMATION

GEOGRAPHIC INFORMATION	6 Months Ended
	Jun. 30, 2018
Geographic Areas, Revenues from External Customers [Abstract]
GEOGRAPHIC INFORMATION	NOTE 9:- GEOGRAPHIC INFORMATION The following table presents the total revenues for the six months ended June 30, 2017 and 2018, allocated to the geographic areas in which it was generated: Six months ended June 30, 2017 2018 North America $ 17,782 $ 17,373 Europe 18,189 19,553 Africa 7,494 5,560 Asia-Pacific and Middle East 24,940 23,233 India 77,210 80,281 Latin America 23,740 25,603 $ 169,355 $ 171,603 Revenues are attributed to geographic areas based on the location of the end-users. The following table presents the locations of the Company’s property and equipment as of December 31, 2017 and June 30, 2018: December 31 June 30, 2017 2018 Israel $ 25,419 $ 25,060 Others 4,451 4,995 $ 29,870 $ 30,055

SUMMARY OF SIGNIFICANT ACCOUN17

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Interim Financial Statements	a. Interim Financial Statements The accompanying consolidated balance sheet as of June 30, 2018, the consolidated statements of operations, the consolidated statements of comprehensive income and the consolidated statements of cash flows for the six months ended June 30, 2017 and 2018, as well as the statement of changes in shareholders' equity for the six months ended June 30, 2018, are unaudited. These unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission regarding interim financial reporting. In the management’s opinion, the unaudited interim consolidated financial statements include all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position as of June 30, 2018, as well as its results of operations and cash flows for the six months ended June 30, 2017 and 2018. The results of operations for the six months ended June 30, 2018 are not necessarily indicative of the results to be expected for the year ending December 31, 2018.
Use Of Estimates	b. Use of estimates The preparation of the consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates, judgments and assumptions that affect the amounts reported and disclosed in the financial statements and the accompanying notes. Actual results could differ materially from those estimates. On an ongoing basis, the Company's management evaluates its estimates, including those related to accounts receivable, fair values and useful lives of intangible assets, fair values of stock-based awards, income taxes, and contingent liabilities, among others. Such estimates are based on historical experience and on various other assumptions that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of the Company’s assets and liabilities.
Significant accounting policies	c. Significant accounting policies The accompanying unaudited interim financial statements should be read in conjunction with the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission (the "SEC") on March 27, 2018. Other than the change described below, there have been no changes to the significant accounting policies described in the Annual Report on Form 20-F for the fiscal year ended December 31, 2017 that have had a material impact on the unaudited interim consolidated financial statements and related notes.
Revenue Recognition	d. Revenue Recognition The Company recognizes revenue when (or as) it satisfies performance obligations by transferring promised products or services to its customers in an amount that reflects the consideration the Company expects to receive. The Company applies the following five steps: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when a performance obligation is satisfied. The Company considers customer purchase orders, which in some cases are governed by master sales agreements, to be the contracts with a customer. For each contract, the Company considers the promise to transfer tangible products, network roll-out, professional services and customer support, each of which are distinct, to be the identified performance obligations. In determining the transaction price, the Company evaluates whether the price is subject to rebates and adjustments to determine the net consideration to which the Company expects to receive. As the Company’s standard payment terms are less than one year, the contracts have no significant financing component. The Company allocates the transaction price to each distinct performance obligation based on their relative standalone selling price. Revenue from tangible products is recognized when control of the product is transferred to the customer (i.e., when the Company’s performance obligation is satisfied). The revenues from customer support is recognized ratably over the contract period and the costs associated with these contracts are recognized as incurred. Revenues from network roll-out and professional services are recognized when the Company's performance obligation is satisfied, usually upon customer acceptance. Most of the Company’s distributors are entitled to a right of return related to stock rotation and rebates. Distributors have the right to return a certain amount of product in exchange for new products, and/or the right for rebates, according to the agreed specification in the contracts.
Impact Of Recently Issued Accounting Standards	e. Impact of recently issued Accounting Standards: In February 2016, the FASB issued ASU 2016-02, “Leases”, on the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight line basis over the term of the lease, respectively. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for in a manner similar to the accounting under existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASC 842 supersedes the previous leases standard, ASC 840, "Leases". In July 2018, the FASB also issued ASU 2018-11, Targeted Improvements to Topic 842, which provides an alternative transition method at the transition date, allowing entities to recognize a cumulative effect adjustment to the opening balance of retained earnings upon adoption. The guidance is effective for the interim and annual periods beginning on or after December 15, 2018, and early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its condensed consolidated financial statements and footnote disclosures. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments, which provides guidance with the intent of reducing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The Company adopted ASU 2016-15 during 2018. The adoption of this new guidance had no impact on the Company’s condensed consolidated balance sheets, statements of income and cash flows. In July 2018, the FASB issued ASU 2018-07, ”Compensation - Stock Compensation (Topic 718) - Improvements to Non-employee Share-based Payment Accounting." ASU 2018-07 was issued to simplify several aspects of the accounting for nonemployee share-based payment transactions resulting from expanding the scope of Topic 718, Compensation - Stock Compensation, to include share-based payment transactions for acquiring goods and services from nonemployees. The amendments specify that Topic 718 applies to all share-based payment transactions in which a grantor acquires goods or services to be used or consumed in a grantor’s own operations by issuing share-based payment awards. The ASU is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact of the adoption of this standard on its condensed consolidated financial statements and footnote disclosures. In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers (Topic 606). The standard replaced the revenue recognition guidance in U.S. GAAP under Topic 605 and was required to be applied retrospectively to each prior period presented, or applied using a modified retrospective method with the cumulative effect recognized in the beginning retained earnings during the period of initial application. Subsequently, the FASB issued several additional ASUs related to ASU No. 2014-09, collectively they are referred to as the “new revenue standards”, which became effective for the Company beginning January 1, 2018. The Company adopted the standard using the modified retrospective method. See Note 8 for details about the impact from adopting the new revenue standard and other required disclosures.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule Of Inventory	December 31, June 30, 2017 2018 Raw materials $ 12,011 $ 10,268 Work in progress 576 730 Finished products 41,577 35,042 $ 54,164 $ 46,040

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule Of Assets And Liabilities Measured At Fair Value On Recurring Basis	The following table present liabilities measured at fair value on a recurring basis as of June 30, 2018 : June 30, 2018 Fair value measurements using input type Level 2 Total Derivatives instruments $ (919 ) $ (919 ) Total liabilities $ (919 ) $ (919 ) The following table present liabilities measured at fair value on a recurring basis as of December 31, 2017: Year ended December 31, 2017 Fair value measurements using input type Level 2 Total Derivatives instruments $ (7 ) $ (7 ) Total liabilities $ (7 ) $ (7 )

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule Of Derivative Instruments	Loss recognized in Statements of Comprehensive income Gain (loss) recognized Six months ended June 30, 2018 Statement of Six months ended June 30, Operations item 2017 2018 Derivatives designated as hedging instruments: forward contract $ (875 ) Operating expenses $ (156 ) $ (262 ) Derivatives not designated as hedging instruments: Foreign exchange forward contracts - Financial expenses (1,374 ) 1,076 Total $ (875 ) $ (1,530 ) $ 814 December 31, June 30, Balance sheet 2017 2018 Derivatives designated as hedging instruments: Foreign exchange forward contracts "Other account receivables and prepaid expenses" $ 303 $ - "Other account payables and accrued expenses" $ - $ (875 ) "Other comprehensive income (loss)" $ 303 $ (875 ) Derivatives not designated as hedging instruments: Foreign exchange forward contracts and other derivatives "Other receivables and prepaid expenses" $ 148 $ 216 "Other account payables and accrued expenses" $ (457 ) $ (260 )

COMMITMENTS AND CONTINGENT LI21

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Future Minimum Rental Commitments	Aggregate minimum rental commitments under non-cancelable leases at June 30, 2018, were as follows: Year ended December 31, 2018 $ 2,751 2019 4,850 2020 1,206 2021 376 2022 244 $ 9,427

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2018
Share-based Compensation [Abstract]
Summary Of Stock Options And RSUs Granted	The following table summarizes the activities for the Company’s stock options and RSU’s for the six months ended June 30, 2018: Six months ended June 30, 2018 Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 7,939,978 $ 3.61 3.75 $ 2,839 Granted 432,401 $ 3.00 Exercised (314,384 ) $ 1.75 Forfeited or expired (250,505 ) $ 6.52 Outstanding at end of the period 7,807,490 $ 3.56 3.43 $ 10,386 Options exercisable at end of the year 5,025,948 $ 4.48 2.86 $ 5,940 Vested and expected to vest 7,402,176 $ 3.67 3.36 $ 9,778 Number of RSUs Aggregate intrinsic value Outstanding at beginning of year 327,093 $ 648 Granted - Vested (10,816 ) Forfeited (13,150 ) Outstanding at end of period 303,127 $ 1,082 Vested and expected to vest 220,420 $ 787

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2018
Revenues [Abstract]
Schedule of Revenues	The cumulative effect of the changes made to the consolidated balance sheet as of January 1, 2018 for the adoption of Topic 606-10 were as follows: December 31, 2017 Adjustments January 1, 2018 Trade receivables $ 113,719 $ 117 $ 113,836 Trade payables $ 75,476 $ 47 $ 75,523 Accumulated deficits $ (249,871 ) $ 70 $ (249,801 ) In accordance with Topic 606-10, the disclosure of the impact of adoption on the consolidated balance sheet as of June 30, 2018 was as follows: As Reported Impact of Adoption Amounts under Topic 605 Condensed Consolidated Balance Sheet Trade receivables $ 118,545 $ (260 ) $ 118,285 Trade payables $ 63,614 $ (10 ) $ 63,604 Deferred revenues $ 6,357 $ 18 $ 6,375 Accumulated deficits $ (244,505 ) $ (268 ) $ (244,773 )
Schedule of Consolidated Condensed Statements of Income	The following table summarizes the impacts of adopting Topic 606-10 on our consolidated condensed statements of income during the six months ended June 30, 2018: As Reported Impact of Adoption Amounts under Topic 605 Condensed Consolidated Statements of Income Revenue $ 171,603 $ (278 ) $ 171,325 Cost of Sales $ 115,250 $ (10 ) $ 115,240 Gross margin $ 56,353 $ (268 ) $ 56,085
Schedule of Significant Changes in Deferred Revenues	The following table presents the significant changes in the deferred revenue balance during the six months ended June 30, 2018: Six months ended June 30, 2018 Balance, beginning of the period $ 5,193 New performance obligations 8,934 Reclassification to revenue as a result of satisfying performance obligations (7,770 ) Balance, end of the period $ 6,357

GEOGRAPHIC INFORMATION (Tables)

GEOGRAPHIC INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Geographic Areas, Revenues from External Customers [Abstract]
Schedule Of Revenues From Sales To Unaffiliated Customers	The following table presents the total revenues for the six months ended June 30, 2017 and 2018, allocated to the geographic areas in which it was generated: Six months ended June 30, 2017 2018 North America $ 17,782 $ 17,373 Europe 18,189 19,553 Africa 7,494 5,560 Asia-Pacific and Middle East 24,940 23,233 India 77,210 80,281 Latin America 23,740 25,603 $ 169,355 $ 171,603
Schedule of Property and Equipment by Location	The following table presents the locations of the Company’s property and equipment as of December 31, 2017 and June 30, 2018: December 31 June 30, 2017 2018 Israel $ 25,419 $ 25,060 Others 4,451 4,995 $ 29,870 $ 30,055

GENERAL (Details)

GENERAL (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Jun. 30, 2017
Bank guarantees	$ 79,923	$ 34,988
On behalf of Orocom [Member]
Bank guarantees	$ 29,100

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 10,268		$ 12,011
Work in progress	730		576
Finished products	35,042		41,577
Inventories, Net	46,040		$ 54,164
Inventory write-off	$ 1,106	$ 2,912

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives instruments	$ (919)	$ (7)
Total liabilities	(919)	(7)
Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives instruments	(919)	(7)
Total liabilities	$ (919)	$ (7)

DERIVATIVE INSTRUMENTS (Narrati

DERIVATIVE INSTRUMENTS (Narrative) (Details) ₪ in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2018ILS (₪)	Dec. 31, 2017ILS (₪)
Outstanding forward exchange contracts | $		$ 10,743	$ 22,518
Forward exchange contract remaining maturity	1 year	1 year
Israel, New Shekels
Outstanding forward exchange contracts | ₪				₪ 78,348	₪ 38,077

DERIVATIVE INSTRUMENTS (Schedul

DERIVATIVE INSTRUMENTS (Schedule Of Derivative Instruments) (Statement of Operations) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Loss recognized in Statements of Comprehensive Income	$ (875)
Gain (loss) recognized in consolidated statements of operations	814	$ (1,530)
Foreign Exchange Option And Forward Contract [Member] | Derivatives designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss recognized in Statements of Comprehensive Income	(875)
Foreign Exchange Option And Forward Contract [Member] | Derivatives designated as hedging instruments [Member] | Operating Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in consolidated statements of operations	(262)	(156)
Foreign exchange forward contracts [Member] | Derivatives not designated as hedging instruments [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss recognized in Statements of Comprehensive Income
Foreign exchange forward contracts [Member] | Derivatives not designated as hedging instruments [Member] | Financial Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in consolidated statements of operations	$ 1,076	$ (1,374)

DERIVATIVE INSTRUMENTS (Sched30

DERIVATIVE INSTRUMENTS (Schedule Of Derivative Instruments) (Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Derivatives designated as hedging instruments [Member] | Foreign exchange forward contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other account receivables and prepaid expenses		$ 303
Other account payables and accrued expenses	(875)
Other comprehensive income (loss)	(875)	303
Derivatives not designated as hedging instruments [Member] | Foreign exchange forward contracts and other derivatives [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other account receivables and prepaid expenses	216	148
Other account payables and accrued expenses	$ (260)	$ (457)

COMMITMENTS AND CONTINGENT LI31

COMMITMENTS AND CONTINGENT LIABILITIES (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating Leased Assets [Line Items]
Collateral deposit in the amount for outstanding letters of credit	$ 996
Bank guarantees	79,923	$ 34,988
Income from OCS grants	626	937
Damages sought by plaintiff	75,000	75,000
Project guarantee	29,089
Facilities [Member]
Operating Leased Assets [Line Items]
Operating lease expense	2,396	2,189
Vehicles [Member]
Operating Leased Assets [Line Items]
Operating lease expense	$ 397	$ 389

COMMITMENTS AND CONTINGENT LI32

COMMITMENTS AND CONTINGENT LIABILITIES (Schedule Of Future Minimum Lease Payments For Capital Leases) (Details) $ in Thousands	Dec. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,018	$ 2,751
2,019	4,850
2,020	1,206
2,021	376
2022 and thereafter	244
Operating Leases, Future Minimum Payments Due, Total	$ 9,427

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Vesting period	4 years
Ordinary shares reserved for issuance	8,639,000
Ordinary shares available for future grant	1,845,955
Stock-based compensation expense	$ 1,032	$ 619
Unrecognized compensation cost related to non-vested stock options	$ 1,462
Unrecognized compensation cost, period for recognition	1 year
Additional Shares authorized	1,600,000
Minimum [Member]
Expiration period	6 years
Maximum [Member]
Expiration period	10 years
Stock Option [Member]
Awards exercised during the period	314,384		237,410
Exercise price	$ 1.75		$ 1.19
Stock Option [Member] | Employees and Directors [Member]
Vesting period	4 years
Awards granted during period	432,401
Stock Option [Member] | Employees and Directors [Member] | Minimum [Member]
Exercise price	$ 1.95
Stock Option [Member] | Employees and Directors [Member] | Maximum [Member]
Exercise price	$ 3.14
Restricted Stock Units RSUs [Member]
Awards granted during period
Awards vested during the period	10,816		37,269

SHAREHOLDERS' EQUITY (Summary O

SHAREHOLDERS' EQUITY (Summary Of Stock Options And RSUs Granted) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Stock Options and Restricted Stock Units [Member]
Number of awards
Outstanding at beginning of year	7,939,978
Granted	432,401
Exercised	(314,384)
Forfeited or expired	(250,505)
Outstanding at end of the period	7,807,490	7,939,978
Options exercisable at end of the period	5,025,948
Vested and expected to vest	7,402,176
Weighted average exercise price
Outstanding at beginning of year	$ 3.61
Granted	3
Exercised	1.75
Forfeited or expired	6.52
Outstanding at end of the period	3.56	$ 3.61
Options exercisable at end of the period	4.48
Vested and expected to vest	$ 3.67
Weighted-average remaining contractual term
Outstanding at end of year/period	3 years 5 months 5 days	3 years 9 months
Options exercisable at end of the period	2 years 10 months 10 days
Vested and expected to vest	3 years 4 months 9 days
Aggregate intrinsic value
Outstanding at beginning of year	$ 2,839
Outstanding at end of the period	10,386	$ 2,839
Options exercisable at end of the period	5,940
Vested and expected to vest	$ 9,778
Restricted Stock Units RSUs [Member]
Number of awards
Outstanding at beginning of year	327,093
Granted
Vested	(10,816)	(37,269)
Forfeited or expired	(13,150)
Outstanding at end of the period	303,127	327,093
Vested and expected to vest	220,420
Aggregate intrinsic value
Outstanding at beginning of year	$ 648
Outstanding at end of the period	1,082	$ 648
Vested and expected to vest	$ 787

REVENUES (Schedule of Revenues)

REVENUES (Schedule of Revenues) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Trade receivables		$ 113,719
Trade payables		75,476
Accumulated deficits	$ (244,505)	(249,871)
Adjustments [Member]
Trade receivables		117
Trade payables		47
Accumulated deficits		70
Amount after Adjustments [Member]
Trade receivables		113,836
Trade payables		75,523
Accumulated deficits		$ (249,801)
As Reported [Member]
Trade receivables	118,545
Trade payables	63,614
Deferred revenues	6,357
Accumulated deficits	(244,505)
Impact of Adoption [Member]
Trade receivables	(260)
Trade payables	(10)
Deferred revenues	18
Accumulated deficits	(268)
Amounts under Topic 605 [Member]
Trade receivables	118,285
Trade payables	63,604
Deferred revenues	6,375
Accumulated deficits	$ (244,773)

REVENUES (Schedule of Consolida

REVENUES (Schedule of Consolidated Condensed Statements of Income) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Revenues	$ 171,603	$ 169,355
Gross profit	56,353	$ 51,507
As Reported [Member]
Revenues	171,603
Cost of revenues	115,250
Gross profit	56,353
Impact of Adoption [Member]
Revenues	(278)
Cost of revenues	(10)
Gross profit	(268)
Amounts under Topic 605 [Member]
Revenues	171,325
Cost of revenues	115,240
Gross profit	$ 56,085

REVENUES (Schedule of Significa

REVENUES (Schedule of Significant Changes in Deferred Revenue) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)
Revenues [Abstract]
Balance, beginning of the period	$ 5,193
New performance obligations	8,934
Reclassification to revenue as a result of satisfying performance obligations	(7,770)
Balance, end of the period	$ 6,357

GEOGRAPHIC INFORMATION (Schedul

GEOGRAPHIC INFORMATION (Schedule Of Revenues From Sales To Unaffiliated Customers) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 171,603	$ 169,355
Long-lived assets	30,055		$ 29,870
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	17,373	17,782
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	19,553	18,189
Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	5,560	7,494
Asia-Pacific and Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	23,233	24,940
India [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	80,281	77,210
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	25,603	$ 23,740
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	25,060		25,419
Others [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 4,995		$ 4,451