Ceragon Networks (CRNT) 6-K 23 Sep 19 2019 Q2 Current report (foreign) Financial data

Document And Entity Information

Document And Entity Information	6 Months Ended
	Jun. 30, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	CERAGON NETWORKS LTD
Entity Central Index Key	0001119769
Document Type	6-K
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 29,041	$ 35,581
Short - term bank deposits		515
Trade receivables (net of allowance for doubtful accounts of $ 4,327 and $ 3,746 at December 31, 2018 and June 30, 2019 (unaudited), respectively)	121,449	123,451
Other accounts receivable and prepaid expenses	13,783	12,135
Inventories	73,900	53,509
Total current assets	238,173	225,191
NON-CURRENT ASSETS:
Long-term bank deposits	29	504
Deferred tax assets	6,236	7,476
Severance pay and pension fund	5,574	5,096
Property and equipment, net	35,009	33,613
Intangible assets, net	7,670	6,576
Other non-current assets	15,822	4,544
Total non-current assets	70,340	57,809
Total assets	308,513	283,000
CURRENT LIABILITIES:
Trade payables	79,431	78,892
Deferred revenues	3,770	3,873
Short term loans	8,900
Other accounts payable and accrued expenses	26,385	27,256
Total current liabilities	118,486	110,021
LONG-TERM LIABILITIES:
Deferred tax liability	24	28
Accrued severance pay and pensions	10,053	9,711
Deferred revenues	6,265
Other long-term payables	9,926	3,672
Total long-term liabilities	26,268	13,411
COMMITMENTS AND CONTINGENT LIABILITIES
SHAREHOLDERS' EQUITY:
Share capital: Ordinary shares of NIS 0.01 par value - Authorized: 120,000,000 shares at December 31, 2018 and June 30, 2019 (unaudited); Issued: 83,571,181 and 83,711,656 shares at December 31, 2018 and June 30, 2019 (unaudited), respectively; Outstanding: 80,089,658 and 80,230,133 shares at December 31, 2018 and June 30, 2019 (unaudited), respectively.	215	214
Additional paid-in capital	416,835	415,408
Treasury shares at cost - 3,481,523 ordinary shares as of December 31, 2018 and June 30, 2019 (unaudited).	(20,091)	(20,091)
Accumulated other comprehensive loss	(8,016)	(9,208)
Accumulated deficits	(225,184)	(226,755)
Total shareholders' equity	163,759	159,568
Total liabilities and shareholders' equity	$ 308,513	$ 283,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) $ in Thousands	Jun. 30, 2019USD ($)shares	Jun. 30, 2019₪ / shares	Dec. 31, 2018USD ($)shares	Dec. 31, 2018₪ / shares
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts | $	$ 3,746		$ 4,327
Ordinary shares, par value | ₪ / shares		₪ 0.01		₪ 0.01
Ordinary shares, shares authorized	120,000,000		120,000,000
Ordinary shares, shares issued	83,711,656		83,571,181
Ordinary shares, shares outstanding	80,230,133		80,089,658
Treasury stock, ordinary shares	3,481,523		3,481,523

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenues	$ 142,164	$ 171,603
Cost of revenues	91,171	115,250
Gross profit	50,993	56,353
Operating expenses:
Research and development, net	12,418	14,035
Selling and marketing	19,583	20,931
General and administrative	11,636	9,649
Total operating expenses	43,637	44,615
Operating income	7,356	11,738
Financial expenses, net	2,939	4,680
Income before taxes	4,417	7,058
Taxes on income	2,532	1,762
Equity loss in affiliates	314
Net income	$ 1,571	$ 5,296
Basic net income per share	$ 0.02	$ 0.07
Diluted net income per share	$ 0.02	$ 0.07
Weighted average number of shares used in computing basic net income per share	80,153,038	78,155,810
Weighted average number of shares used in computing diluted net income per share	82,192,544	80,457,636

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 1,571	$ 5,296
Other comprehensive income (loss):
Change in foreign currency translation adjustment	63	(1,018)
Cash flow hedges:
Change in net unrealized gains (losses)	1,214	(1,440)
Amounts reclassified into net income	(85)	262
Net change	1,129	(1,178)
Other comprehensive income (loss), net	1,192	(2,196)
Total of comprehensive income	$ 2,763	$ 3,100

CONSOLIDATED STATEMENTS OF CHAN

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, 2017	$ 214		$ 410,817	$ (20,091)	$ (7,171)	$ (249,871)	$ 133,898
Balance, shares at Dec. 31, 2017	78,045,192
Exercise of options and vesting of RSU's		[1]	2,611				2,611
Exercise of options and vesting of RSU's, shares	2,044,466
Share-based compensation expense			1,980				1,980
Other comprehensive income (loss), net					(2,037)		(2,037)
Cumulative effect of adoption of new accounting standard						70	70
Net income						23,046	23,046
Balance at Dec. 31, 2018	$ 214		415,408	(20,091)	(9,208)	(226,755)	$ 159,568
Balance, shares at Dec. 31, 2018	80,089,658						80,089,658
Exercise of options and vesting of RSU's	$ 1		255				$ 256
Exercise of options and vesting of RSU's, shares	140,475
Share-based compensation expense			1,172				1,172
Other comprehensive income (loss), net					1,192		1,192
Net income						1,571	1,571
Balance at Jun. 30, 2019	$ 215		$ 416,835	$ (20,091)	$ (8,016)	$ (225,184)	$ 163,759
Balance, shares at Jun. 30, 2019	80,230,133						80,230,133
[1]	Represent an amount lower than $1.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flow from operating activities:
Net income	$ 1,571	$ 5,296
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	4,438	3,501
Stock-based compensation expense	1,172	1,032
Increase in trade and other receivables, net	(10,188)	(109)
Decrease (increase) in inventory, net of write off	(20,813)	7,049
Decrease in deferred tax asset, net	1,236	410
Increase (decrease) in trade payables and accrued liabilities	9,463	(10,237)
Increase in deferred revenues	6,150	1,796
Other adjustments	(136)	(186)
Net cash provided by (used in) operating activities	(7,107)	8,552
Cash flow from investing activities:
Purchase of property and equipment, net	(6,707)	(3,957)
Purchase of intangible assets, net	(2,792)	(1,336)
Proceeds from bank deposits	920
Net cash used in investing activities	(8,579)	(5,293)
Cash flow from financing activities:
Proceeds from exercise of stock options	256	374
Proceeds from bank credits and loans, net	8,900
Net cash provided by financing activities	9,156	374
Foreign currency translation adjustments on cash and cash equivalents	(10)	(112)
Increase (decrease) in cash and cash equivalents	(6,540)	3,521
Cash and cash equivalents at the beginning of the period	35,581	25,877
Cash and cash equivalents at the end of the period	$ 29,041	$ 29,398

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2019
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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2:- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a. Unaudited interim consolidated financial statements The accompanying 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 consolidated financial position as of June 30, 2019, as well as its results of operations and cash flows for the six months ended June 30, 2018 and 2019. The results of operations for the six months ended June 30, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019. 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, inventory write-off, warranty provision, 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 April 1, 2019. Other than the change described below (see note 2d), 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, 2018 that have had a material impact on the unaudited interim consolidated financial statements and related notes. d. Recently adopted accounting standards 1. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires lessees to recognize almost all leases on the balance sheet as a right-of-use (“ROU”) asset and a lease liability and requires leases to be classified as either an operating or a finance type lease. The standard excludes leases of intangible assets or inventory. The standard became effective for the Company beginning January 1, 2019. The adoption of the standard had material impact of the Company`s consolidated balance sheets due to the recognition of the ROU assets and lease liabilities related to the Company`s operating leases. The standard did not have a material impact on the Company`s results of operations or cash flows. See Note 7 “Leases” for details about the impact from adopting the new lease standard and other required disclosures. 2. In August 2017, the FASB issued ASU No. 2017-12 (Topic 815) Derivatives and Hedging — Targeted Improvements to Accounting for Hedging Activities, which expands an entity's ability to hedge financial and nonfinancial risk components and amends how companies assess effectiveness as well as changes the presentation and disclosure requirements. The new standard is to be applied on a modified retrospective basis and is effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company adopted the provisions of this update as of January 1, 2019 with no material impact on its consolidated financial statements.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 3:- INVENTORIES December 31, June 30, 2018 2019 Raw materials $ 15,065 $ 16,227 Work in progress 374 783 Finished products 38,070 56,890 $ 53,509 $ 73,900 During the six-month ended June 30, 2018 and 2019 the Company recorded inventory write-offs for excess inventory and slow-moving inventory in a total amount of $ 1,106 and $ 1,112, respectively that have been included in cost of revenues.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2019
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 presents assets (liabilities) measured at fair value on a recurring basis as of June 30, 2019: June 30, 2019 Fair value measurements using input type Level 2 Total Derivatives instruments $ 460 $ 460 Total assets $ 460 $ 460 The following table presents assets (liabilities) measured at fair value on a recurring basis as of December 31, 2018: December 31, 2018 Fair value measurements using input type Level 2 Total Derivatives instruments $ (1,028 ) $ (1,028 ) Total liabilities $ (1,028 ) $ (1,028 )

DERIVATIVE INSTRUMENTS

DERIVATIVE INSTRUMENTS	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS	NOTE 5:- DERIVATIVE INSTRUMENTS The Company enters into foreign currency forward and option contracts with financial institutions to protect against the exposure to changes in exchange rates of several foreign currencies that are associated with forecasted cash flows and existing assets and liabilities. The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value. The accounting for changes in the fair value of a derivative depends on the intended use of the derivative and the resulting designation. The fair value of derivative contracts in the unaudited consolidated balance sheets at June 30, 2019 and December 31, 2018 were as follows: Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses June 30, 2019 Derivatives designated as hedging instruments Currency forward contracts $ 545 $ - Derivatives not designated as hedging instruments Currency forward and option contracts $ 54 $ 139 Total derivatives $ 599 $ 139 Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses December 31, 2018 Derivatives designated as hedging instruments Currency forward contracts $ 3 $ 587 Derivatives not designated as hedging instruments Currency forward and option contracts $ 2 $ 446 Total derivatives $ 5 $ 1,033 The notional amounts of outstanding derivative contracts in U.S. dollars at June 30, 2019 and December 31, 2018 were as follows: December 31, 2018 June 30, 2019 Derivatives designated as hedging instruments Currency forward contracts $ 37,398 $ 18,757 Derivatives not designated as hedging instruments Currency forward and option contracts $ 21,882 $ 29,209 Total derivatives $ 59,280 $ 47,966 The maximum length of time over which the Company is hedging its exposure to the variability in future cash flows for forecasted transactions is up to 12 months. For derivative instruments that are designated and qualify as a cash flow hedge (i.e., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains or losses from contracts that were not designated as hedging instruments are recognized in "financial income (expenses), net". The effect of derivative contracts on the unaudited consolidated statements of operations for the six months ended June 30, 2019 and 2018 was as follows: Six months ended June 30, 2018 2019 Operating income (expenses) $ (262 ) $ 85 Financial income (expenses) $ 1,076 $ (559 )

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 6:- COMMITMENTS AND CONTINGENT LIABILITIES a. Leases See Note 7 “Leases” for lease related commitments as of June 30, 2019. b. During the six months ended June 30, 2018 and 2019, 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, 2018 and 2019 in the amount of $ 626 and $ 541, respectively. c. Charges and guarantees: As of December 31, 2018, and June 30, 2019, the Company provided bank guarantees in an aggregate amount of $ 72,842 and $ 66,020, respectively, with respect to tender offer guarantees, financial guarantees, warranty guarantees and performance guarantees to its customers (including bank guarantee disclosed in Note 6d). d. In September 2018, the Company signed commercial agreements with Orocom, a new operator in Peru, to provide broadband connectivity in rural regions. The Peruvian Government (“Fitel”) chose Orocom for the deployment of transport and broadband access networks in three of six regions in Peru. Orocom is owned by a consortium of companies, comprising telecommunications license holders as well as companies with expertise in fiber-based technologies. After signing the commercial agreements mentioned above and 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 in July 2018, when a down payment of $29.1 million was received by Orocom. Orocom’s down payment related obligations include primarily meeting specifications and timelines as defined in the agreement between Orocom and Fitel, unless justified or otherwise agreed between these parties; using the funds provided by Fitel properly for the purpose of the project; and maintaining certain composition of shareholders in Orocom for at least three years. The Company’s bank guarantees may be gradually reduced as the network build-out process progresses. Should Orocom meet its down payment related obligations towards Fitel, the bank guarantees are expected to be returned to the Company on 2020. Provisions of the operating agreement mentioned above, grant the Company certain protective rights in Orocom during the network build-out phase and until the bank guarantees are returned to the Company, as well as recovery rights against Orocom and its shareholders. These protective rights include, among others, two seats in Orocom’s board of directors that comprise half of the board seats; 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 full access to Orocom’s books and records and any other data, including audit rights. Based on the above, Orocom and its shareholders were defined as related companies. e. 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 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, 2017 the Company filed a notice to the court that it agrees that Company's Chief Executive Officer will be summoned to the next evidence hearing. The second and final evidence hearing took place on January 8, 2018. 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. On October 4, 2018, an interim decision regarding dual listed companies, which corresponds with the Company’s arguments in this case, was rendered by the Supreme Court of Israel. This Supreme court decision upholds two recent rulings of District Court of Tel-Aviv (Economic Department), which determined that all securities litigation regarding dual listed companies should be decided only in accordance with US law (herein after: “Supreme Court Decision”). In light of this, on October 15, 2018, the plaintiff asked from court to add a plea to his summaries. The court has approved plaintiff’s request and gave to the defendants the right to reply. In accordance, the Company’s response was submitted on December 4, 2018. Plaintiff’s reply to Company’s response was submitted on December 26, 2018. On April 14, 2019 the court rendered a decision resolving that according to Supreme Court Decision, examination of the legal questions standing in the basis of the motion, should be based upon US law. Therefore, court allowed the plaintiff to amend its motion within 45 days, so that it would include an expert opinion regarding US law, and an argument regarding US law implementation in the specific circumstances. Court also decided that amendment of the motion is subject to plaintiff’s payment of 40,000 NIS to the Company. The Company’s response to the amended motion is to be submitted 90 days after receiving the amended motion; plaintiff`s answer to Company’s response is to be submitted 30 days thereafter. At the request of the plaintiff and agreement of the Company, the court extended the last date in which the plaintiff may file the amended motion towards the end of September 2019. 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, 2019.

LEASES

LEASES	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
LEASES	NOTE 7:- LEASES On January 1, 2019, the Company adopted Topic 842 and elected the available practical expedient to recognize the cumulative effect of initially adopting Topic 842 as an adjustment to the opening balance sheet of the period of adoption (i.e., January 1, 2019). The Company also elected the other available practical expedients and will not separate lease components from non-lease components, will not reassess whether contracts are or contain leases, lease classification, or initial direct costs for existing leases as of January 1, 2019. In addition, the Company elected not to apply the transition requirements for leases for which the lease term is less than 12 months. The consolidated balance sheets and results from operations for reporting periods beginning after January 1, 2019 are presented under Topic 842, while prior period amounts are not adjusted and continue to be reported in accordance with the historic accounting under Topic 840. The Company`s leases include offices and warehouses for its facilities worldwide, as well as car leases, which are all classified as operating leases. Certain leases include renewal options that are under the Company`s sole discretion. The renewal options were included in the ROU and liability calculation if it was reasonably certain that the Company will exercise the option. The cumulative effect of the changes made to the balance sheet as of January 1, 2019 for the adoption of Topic 842 were as follows: December 31, 2018 Adjustments January 1, 2019 Other non-current assets $ 4,544 $ 7,129 $ 11,673 Other accounts payable and accrued expenses $ (27,256 ) $ (4,952 ) $ (32,208 ) Other long-term payables $ (3,672 ) $ (2,177 ) $ (5,849 ) The lease related accounts as of June 30, 2019 were as follows: June 30, 2019 Other non-current assets $ 9,779 Other accounts payable and accrued expenses $ (3,838 ) Other long-term payables $ (6,133 ) The components of lease expense and supplemental cash flow information related to leases for the six months ended June 30, 2019 were as follows: Six months ended June 30, 2019 Components of lease expense Operating lease cost $ 2,667 Short-term lease $ 39 Total lease expenses $ 2,706 Six months ended June 30, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 2,819 Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets $ 5,391 For the six months ended June 30, 2019, the weighted average remaining lease term is three years, and the weighted average discount rate is 3.51 percent. The discount rate was determined based on the estimated collateralized borrowing rate of the Company, adjusted to the specific lease term and location of each lease. Maturities of lease liabilities as of June 30, 2019 were as follows: 2019 (remaining of the year) $ 2,750 2020 4,860 2021 1,077 2022 608 2023 382 2024 and thereafter 1,180 Total operating lease payments 10,857 Less: imputed interest 886 Present value of lease liability $ 9,971 Related party balances and transactions are with related companies and principal shareholder. The Company leases its offices in Israel from real estate holding companies controlled by Yehuda and Zohar Zisapel. Yehuda Zisapel is a principal shareholder of the Company and Zohar Zisapel is the Chairman of the Board of Directors of the Company. Yehuda and Zohar Zisapel are brothers who do not have a voting agreement between them. Jointly or severally, they are also founders, directors and principal shareholders of several other companies that are known as the RAD-BYNET group. The leases of this facility will expire end of December 2020. Transactions with related parties are as follows Six months ended June 30, June 30, 2018 2019 Rent and maintenance expenses $ 958 $ 955 Balances with related parties are as follows December 31, June 30, 2018 2019 Trade payables and accrued expenses $ 43 $ 4

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2019
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	NOTE 8:- 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 and Restricted share Units (“RSU's”) plans In 2003, the Company adopted a share option plan (the "Plan"). Under the Plan and September 6, 2010 amendment options and RSU’s may be granted to officers, directors, employees and consultants of the Company or its subsidiaries. The options vest primarily over four years. The options expire between six to ten years from the date of grant. In December 2012, the Company extended the term of the Plan for an additional period of ten years. 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, 2019, the Company has 1,166,665 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 RSU’s pursuant to such Plan. The following table summarizes the activities for the Company’s stock options for the six months ended June 30, 2019: Six months ended June 30, 2019 Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 6,751,606 $ 3.99 3.47 $ 7,937 Granted 228,822 3.57 Exercised (138,985 ) 1.84 Forfeited or expired (290,082 ) 5.14 Outstanding at end of the period 6,551,361 $ 3.99 3.19 $ 4,172 Options exercisable at end of the period 4,542,841 $ 4.52 2.60 $ 3,237 Vested and expected to vest 6,246,178 $ 4.03 3.11 $ 4,078 The weighted average fair value of options granted during the six months ended June 30, 2019 and 2018 were $1.57 and $2.13, respectively. The following table summarizes the activities for the Company’s RSUs for the six months ended June 30, 2019: Number of RSUs Aggregate intrinsic value Unvested at beginning of year 376,811 $ 1,424 Granted 20,000 Vested (1,713 ) Forfeited (15,959 ) Unvested at end of period 379,139 $ 1,111 Vested and expected to vest 284,615 $ 834 The weighted average fair value at grant date of RSUs granted for the six months ended June 30, 2019 was $3.84. RSUs were not granted during the six months ended June 30, 2018. As of June 30, 2019, the total unrecognized estimated compensation cost related to non-vested stock options and RSU`s granted prior to that date was $ 1,560, which is expected to be recognized over a weighted average period of approximately one year. The following table sets forth the total share-based compensation expenses included in the consolidated statements of operations for the six months ended June 30, 2019 and 2018: Six months ended June 30, 2018 2019 Cost of revenues 18 31 Research and development 127 201 Selling and marketing 286 382 General and administrative 601 558 Total share-based compensation expense $ 1,032 $ 1,172

REVENUES

REVENUES	6 Months Ended
	Jun. 30, 2019
Revenues [Abstract]
REVENUES	NOTE 9:- REVENUES The Company recognizes contract liabilities, or deferred revenues, when it receives advance payments from customers before performance obligations have been performed. The balance of deferred revenues approximates the aggregate amount of the transaction price allocated to the unsatisfied performance obligations at the end of reporting period. The following table presents the changes in deferred revenues balance during the six months ended June 30, 2019: Six months ended June 30, 2019 Balance, beginning of the period $ 3,873 New performance obligations 8,770 Reclassification to revenue as a result of satisfying performance obligations (2,608 ) Balance, end of the period 10,035 Less: long-term portion of deferred revenue 6,265 Current portion, end of period $ 3,770 Remaining performance obligations represent contracted revenues that have not yet been recognized, which includes deferred revenues and non-cancelable contracts that will be recognized as revenue in future periods. The following table represents the remaining performance obligations as of June 30, 2019, which are expected to be satisfied and recognized in future periods: Remaining 2019 2020 2021 and thereafter Unsatisfied performance obligations $ 16,114 $ 10,330 $ 6,265 The Company elected to apply the optional exemption under ASC 606 paragraph 10-50-14(a) not to disclose the remaining performance obligations that relate to contracts with an original expected duration of one year or less for which deferred revenues have not been recorded yet.

GEOGRAPHIC INFORMATION

GEOGRAPHIC INFORMATION	6 Months Ended
	Jun. 30, 2019
Geographic Areas, Revenues from External Customers [Abstract]
GEOGRAPHIC INFORMATION	NOTE 10:- GEOGRAPHIC INFORMATION The following table presents the total revenues for the six months ended June 30, 2018 and 2019, allocated to the geographic areas in which it was generated. Revenues are attributed to geographic areas based on the location of the end-users. Six months ended June 30, 2018 2019 North America $ 17,373 $ 25,166 Europe 19,553 20,997 Africa 5,560 16,741 Asia-Pacific and Middle East 23,233 25,486 India 80,281 17,662 Latin America 25,603 36,112 $ 171,603 $ 142,164 The following table presents the locations of the Company’s property and equipment as of December 31, 2018 and June 30, 2019: December 31 June 30, 2018 2019 Israel $ 28,494 $ 29,553 Others 5,119 5,456 $ 33,613 $ 35,009

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Unaudited interim consolidated financial statements	a. Unaudited interim consolidated financial statements The accompanying 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 consolidated financial position as of June 30, 2019, as well as its results of operations and cash flows for the six months ended June 30, 2018 and 2019. The results of operations for the six months ended June 30, 2019 are not necessarily indicative of the results to be expected for the year ending December 31, 2019.
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, inventory write-off, warranty provision, 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 April 1, 2019. Other than the change described below (see note 2d), 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, 2018 that have had a material impact on the unaudited interim consolidated financial statements and related notes.
Recently adopted accounting standards	d. Recently adopted accounting standards 1. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The standard requires lessees to recognize almost all leases on the balance sheet as a right-of-use (“ROU”) asset and a lease liability and requires leases to be classified as either an operating or a finance type lease. The standard excludes leases of intangible assets or inventory. The standard became effective for the Company beginning January 1, 2019. The adoption of the standard had material impact of the Company`s consolidated balance sheets due to the recognition of the ROU assets and lease liabilities related to the Company`s operating leases. The standard did not have a material impact on the Company`s results of operations or cash flows. See Note 7 “Leases” for details about the impact from adopting the new lease standard and other required disclosures. 2. In August 2017, the FASB issued ASU No. 2017-12 (Topic 815) Derivatives and Hedging — Targeted Improvements to Accounting for Hedging Activities, which expands an entity's ability to hedge financial and nonfinancial risk components and amends how companies assess effectiveness as well as changes the presentation and disclosure requirements. The new standard is to be applied on a modified retrospective basis and is effective for interim and annual periods beginning after December 15, 2018, with early adoption permitted. The Company adopted the provisions of this update as of January 1, 2019 with no material impact on its consolidated financial statements.

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory	December 31, June 30, 2018 2019 Raw materials $ 15,065 $ 16,227 Work in progress 374 783 Finished products 38,070 56,890 $ 53,509 $ 73,900

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents assets (liabilities) measured at fair value on a recurring basis as of June 30, 2019: June 30, 2019 Fair value measurements using input type Level 2 Total Derivatives instruments $ 460 $ 460 Total assets $ 460 $ 460 The following table presents assets (liabilities) measured at fair value on a recurring basis as of December 31, 2018: December 31, 2018 Fair value measurements using input type Level 2 Total Derivatives instruments $ (1,028 ) $ (1,028 ) Total liabilities $ (1,028 ) $ (1,028 )

DERIVATIVE INSTRUMENTS (Tables)

DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Value of Derivative Contracts	The fair value of derivative contracts in the unaudited consolidated balance sheets at June 30, 2019 and December 31, 2018 were as follows: Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses June 30, 2019 Derivatives designated as hedging instruments Currency forward contracts $ 545 $ - Derivatives not designated as hedging instruments Currency forward and option contracts $ 54 $ 139 Total derivatives $ 599 $ 139 Other accounts receivable and prepaid expenses Other accounts payable and accrued expenses December 31, 2018 Derivatives designated as hedging instruments Currency forward contracts $ 3 $ 587 Derivatives not designated as hedging instruments Currency forward and option contracts $ 2 $ 446 Total derivatives $ 5 $ 1,033
Schedule of Notional Amounts of Outstanding Derivative Contracts	The notional amounts of outstanding derivative contracts in U.S. dollars at June 30, 2019 and December 31, 2018 were as follows: December 31, 2018 June 30, 2019 Derivatives designated as hedging instruments Currency forward contracts $ 37,398 $ 18,757 Derivatives not designated as hedging instruments Currency forward and option contracts $ 21,882 $ 29,209 Total derivatives $ 59,280 $ 47,966
Schedule of Derivative Contracts on Unaudited Consolidated Statements of Operations	The effect of derivative contracts on the unaudited consolidated statements of operations for the six months ended June 30, 2019 and 2018 was as follows: Six months ended June 30, 2018 2019 Operating income (expenses) $ (262 ) $ 85 Financial income (expenses) $ 1,076 $ (559)

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Cumulative Effect of Changes made to Balance Sheet and Lease Related Accounts	The cumulative effect of the changes made to the balance sheet as of January 1, 2019 for the adoption of Topic 842 were as follows: December 31, 2018 Adjustments January 1, 2019 Other non-current assets $ 4,544 $ 7,129 $ 11,673 Other accounts payable and accrued expenses $ (27,256 ) $ (4,952 ) $ (32,208 ) Other long-term payables $ (3,672 ) $ (2,177 ) $ (5,849 ) The lease related accounts as of June 30, 2019 were as follows: June 30, 2019 Other non-current assets $ 9,779 Other accounts payable and accrued expenses $ (3,838 ) Other long-term payables $ (6,133 )
Schedule of Components of Lease Expense and Supplemental Cash Flow Information	The components of lease expense and supplemental cash flow information related to leases for the six months ended June 30, 2019 were as follows: Six months ended June 30, 2019 Components of lease expense Operating lease cost $ 2,667 Short-term lease $ 39 Total lease expenses $ 2,706 Six months ended June 30, 2019 Supplemental cash flow information Cash paid for amounts included in the measurement of lease liabilities $ 2,819 Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets $ 5,391
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of June 30, 2019 were as follows: 2019 (remaining of the year) $ 2,750 2020 4,860 2021 1,077 2022 608 2023 382 2024 and thereafter 1,180 Total operating lease payments 10,857 Less: imputed interest 886 Present value of lease liability $ 9,971
Schedule of Transactions with Related Parties	Transactions with related parties are as follows Six months ended June 30, June 30, 2018 2019 Rent and maintenance expenses $ 958 $ 955
Schedule of Balances with Related Parties	Balances with related parties are as follows December 31, June 30, 2018 2019 Trade payables and accrued expenses $ 43 $ 4

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement, Noncash Expense [Abstract]
Summary of Stock Options and RSUs Granted	The following table summarizes the activities for the Company’s stock options for the six months ended June 30, 2019: Six months ended June 30, 2019 Number of options Weighted average exercise price Weighted average remaining contractual term (in years) Aggregate intrinsic value Outstanding at beginning of year 6,751,606 $ 3.99 3.47 $ 7,937 Granted 228,822 3.57 Exercised (138,985 ) 1.84 Forfeited or expired (290,082 ) 5.14 Outstanding at end of the period 6,551,361 $ 3.99 3.19 $ 4,172 Options exercisable at end of the period 4,542,841 $ 4.52 2.60 $ 3,237 Vested and expected to vest 6,246,178 $ 4.03 3.11 $ 4,078 The following table summarizes the activities for the Company’s RSUs for the six months ended June 30, 2019: Number of RSUs Aggregate intrinsic value Unvested at beginning of year 376,811 $ 1,424 Granted 20,000 Vested (1,713 ) Forfeited (15,959 ) Unvested at end of period 379,139 $ 1,111 Vested and expected to vest 284,615 $ 834
Schedule of Equity-Based Compensation Expense	The following table sets forth the total share-based compensation expenses included in the consolidated statements of operations for the six months ended June 30, 2019 and 2018: Six months ended June 30, 2018 2019 Cost of revenues 18 31 Research and development 127 201 Selling and marketing 286 382 General and administrative 601 558 Total share-based compensation expense $ 1,032 $ 1,172

REVENUES (Tables)

REVENUES (Tables)	6 Months Ended
	Jun. 30, 2019
Revenues [Abstract]
Schedule of Significant Changes in Deferred Revenues	The following table presents the changes in deferred revenues balance during the six months ended June 30, 2019: Six months ended June 30, 2019 Balance, beginning of the period $ 3,873 New performance obligations 8,770 Reclassification to revenue as a result of satisfying performance obligations (2,608 ) Balance, end of the period 10,035 Less: long-term portion of deferred revenue 6,265 Current portion, end of period $ 3,770
Schedule of Remaining Performance Obligations	The following table represents the remaining performance obligations as of June 30, 2019, which are expected to be satisfied and recognized in future periods: Remaining 2019 2020 2021 and thereafter Unsatisfied performance obligations $ 16,114 $ 10,330 $ 6,265

GEOGRAPHIC INFORMATION (Tables)

GEOGRAPHIC INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2018 and 2019, allocated to the geographic areas in which it was generated. Revenues are attributed to geographic areas based on the location of the end-users. Six months ended June 30, 2018 2019 North America $ 17,373 $ 25,166 Europe 19,553 20,997 Africa 5,560 16,741 Asia-Pacific and Middle East 23,233 25,486 India 80,281 17,662 Latin America 25,603 36,112 $ 171,603 $ 142,164
Schedule of Property and Equipment by Location	The following table presents the locations of the Company’s property and equipment as of December 31, 2018 and June 30, 2019: December 31 June 30, 2018 2019 Israel $ 28,494 $ 29,553 Others 5,119 5,456 $ 33,613 $ 35,009

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 16,227		$ 15,065
Work in progress	783		374
Finished products	56,890		38,070
Inventories, Net	73,900		$ 53,509
Inventory write-off	$ 1,112	$ 1,106

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives instruments	$ 460
Total assets	460
Derivatives instruments		$ (1,028)
Total liabilities		(1,028)
Fair Value Inputs Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives instruments	460
Total assets	$ 460
Derivatives instruments		(1,028)
Total liabilities		$ (1,028)

DERIVATIVE INSTRUMENTS (Schedul

DERIVATIVE INSTRUMENTS (Schedule of Fair Value of Derivative Contracts) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Other accounts receivable and prepaid expenses [Member]
Derivative [Line Items]
Total derivatives	$ 599	$ 5
Other accounts payable and accrued expenses [Member]
Derivative [Line Items]
Total derivatives	139	1,033
Derivatives designated as hedging instruments [Member] | Currency forward contracts [Member] | Other accounts receivable and prepaid expenses [Member]
Derivative [Line Items]
Total derivatives	545	3
Derivatives designated as hedging instruments [Member] | Currency forward contracts [Member] | Other accounts payable and accrued expenses [Member]
Derivative [Line Items]
Total derivatives		587
Derivatives not designated as hedging instruments [Member] | Currency forward and option contracts [Member] | Other accounts receivable and prepaid expenses [Member]
Derivative [Line Items]
Total derivatives	54	2
Derivatives not designated as hedging instruments [Member] | Currency forward and option contracts [Member] | Other accounts payable and accrued expenses [Member]
Derivative [Line Items]
Total derivatives	$ 139	$ 446

DERIVATIVE INSTRUMENTS (Sched_2

DERIVATIVE INSTRUMENTS (Schedule of Notional Amounts of Outstanding Derivative Contracts) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Derivative [Line Items]
Total derivatives	$ 47,966	$ 59,280
Derivatives designated as hedging instruments [Member] | Currency forward contracts [Member]
Derivative [Line Items]
Total derivatives	18,757	37,398
Derivatives not designated as hedging instruments [Member] | Currency forward and option contracts [Member]
Derivative [Line Items]
Total derivatives	$ 29,209	$ 21,882

DERIVATIVE INSTRUMENTS (Sched_3

DERIVATIVE INSTRUMENTS (Schedule of Derivative Contracts on Unaudited Consolidated Statements of Operations) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Operating income (expenses)	$ 85	$ (262)
Financial income (expenses)	$ (559)	$ 1,076

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Narrative) (Details) ₪ in Thousands, $ in Thousands	Apr. 14, 2019ILS (₪)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Jul. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Bank guarantees		$ 66,020		$ 72,842
Project guarantees			$ 29,100
Down payment receivables					$ 29,100
Income from OCS grants		541	626
Damages sought by plaintiff		$ 75,000	$ 75,000
Plaintiff's payment decided by court | ₪	₪ 40,000

LEASES (Narrative) (Details)

LEASES (Narrative) (Details)	Jun. 30, 2019
Leases [Abstract]
Weighted average remaining lease term	3 years
Weighted average discount rate	3.51%

LEASES (Schedule of Cumulative

LEASES (Schedule of Cumulative Effect of Changes made to Balance Sheet and Lease Related Accounts) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 31, 2019	Dec. 31, 2018
Operating Leased Assets [Line Items]
Other non-current assets	$ 15,822	$ 11,673	$ 4,544
Other accounts payable and accrued expenses	(26,385)	(32,208)	(27,256)
Other long-term payables	(9,926)	$ (5,849)	(3,672)
Adjustments [Member]
Operating Leased Assets [Line Items]
Other non-current assets			7,129
Other accounts payable and accrued expenses			(4,952)
Other long-term payables			$ (2,177)
Lease related accounts [Member]
Operating Leased Assets [Line Items]
Other non-current assets	9,779
Other accounts payable and accrued expenses	(3,838)
Other long-term payables	$ (6,133)

LEASES (Schedule of Components

LEASES (Schedule of Components of Lease Expense and Supplemental Cash Flow Information) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Components of lease expense
Operating lease cost	$ 2,667
Short-term lease	39
Total lease expenses	2,706
Supplemental cash flow information
Cash paid for amounts included in the measurement of lease liabilities	2,819
Supplemental non-cash information related to lease liabilities arising from obtaining ROU assets	$ 5,391

LEASES (Schedule of Maturities

LEASES (Schedule of Maturities of Lease Liabilities) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019 (remaining of the year)	$ 2,750
2020	4,860
2021	1,077
2022	608
2023	382
2024 and thereafter	1,180
Total operating lease payments	10,857
Less imputed interest	886
Present value of lease liability	$ 9,971

LEASES (Schedule of Transaction

LEASES (Schedule of Transactions with Related Parties) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Leases [Abstract]
Rent and maintenance expenses	$ 955	$ 958

LEASES (Schedule of Balances wi

LEASES (Schedule of Balances with Related Parties) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Trade payables and accrued expenses	$ 4	$ 43

SHAREHOLDERS' EQUITY (Narrative

SHAREHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Vesting period	4 years
Expiration period	10 years
Ordinary shares reserved for issuance	8,639,000
Ordinary shares available for future grant	1,166,665
Weighted average grant date fair value of options granted	$ 1.57	$ 2.13
Unrecognized compensation cost related to non-vested stock options	$ 1,560
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
Restricted Stock Units RSUs [Member]
Weighted average grant date fair value of options granted	$ 3.84

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, 2019	Dec. 31, 2018
Stock Option [Member]
Number of awards
Outstanding at beginning of year	6,751,606
Granted	228,822
Exercised	(138,985)
Forfeited or expired	(290,082)
Outstanding at end of the period	6,551,361	6,751,606
Options exercisable at end of the period	4,542,841
Vested and expected to vest	6,246,178
Weighted average exercise price
Outstanding at beginning of year	$ 3.99
Granted	3.57
Exercised	1.84
Forfeited or expired	5.14
Outstanding at end of the period	3.99	$ 3.99
Options exercisable at end of the period	4.52
Vested and expected to vest	$ 4.03
Weighted-average remaining contractual term
Outstanding at end of the period	3 years 2 months 8 days	3 years 5 months 20 days
Options exercisable at end of the period	2 years 7 months 6 days
Vested and expected to vest	3 years 1 month 9 days
Aggregate intrinsic value
Outstanding at beginning of year	$ 7,937
Outstanding at end of the period	4,172	$ 7,937
Options exercisable at end of the period	3,237
Vested and expected to vest	$ 4,078
Restricted Stock Units RSUs [Member]
Number of awards
Outstanding at beginning of year	376,811
Granted	20,000
Vested	(1,713)
Forfeited or expired	(15,959)
Outstanding at end of the period	379,139	376,811
Vested and expected to vest	284,615
Aggregate intrinsic value
Outstanding at beginning of year	$ 1,424
Outstanding at end of the period	1,111	$ 1,424
Vested and expected to vest	$ 834

SHAREHOLDERS' EQUITY (Schedule

SHAREHOLDERS' EQUITY (Schedule Of Equity-Based Compensation Expense) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Total share-based compensation expense	$ 1,172	$ 1,032
Cost of Revenue [Member]
Total share-based compensation expense	31	18
Research And Development Expense [Member]
Total share-based compensation expense	201	127
Selling And Marketing Expense [Member]
Total share-based compensation expense	382	286
General And Administrative Expense [Member]
Total share-based compensation expense	$ 558	$ 601

REVENUES (Schedule of Significa

REVENUES (Schedule of Significant Changes in Deferred Revenues) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Revenues [Abstract]
Balance, beginning of the period	$ 3,873
New performance obligations	8,770
Reclassification to revenue as a result of satisfying performance obligations	(2,608)
Balance, end of the period	10,035
Less: long-term portion of deferred revenue	6,265
Current portion, end of period	$ 3,770

REVENUES (Schedule of Remaining

REVENUES (Schedule of Remaining Performance Obligations) (Details) $ in Thousands	Jun. 30, 2019USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 8,770
Remainder of 2019 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	16,114
2020 [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	10,330
2021 and thereafter [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unsatisfied performance obligations	$ 6,265

GEOGRAPHIC INFORMATION (Schedul

GEOGRAPHIC INFORMATION (Schedule Of Revenues From Sales To Unaffiliated Customers) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 142,164	$ 171,603
Long-lived assets	35,009		$ 33,613
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	25,166	17,373
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	20,997	19,553
Africa [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	16,741	5,560
Asia-Pacific and Middle East [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	25,486	23,233
India [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	17,662	80,281
Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	36,112	$ 25,603
Israel [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	29,553		28,494
Others [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 5,456		$ 5,119