Ceragon Networks Ltd. logo

Ceragon Networks Ltd.

CRNT

NASDAQTechnologyCommunication Equipment

Previous close

$2.09

−$0.025 · -1.18%

Aug 21, 4:00 PM ET

CRNT company overview

Regular session · ET · Market data may be delayed.

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AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

54

Fair Value

Momentum

32

Weakening

Sentiment

58

Mixed

Risk resilience

39

High Risk

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Company profile

Company website

Ceragon Networks Ltd., an Israeli company headquartered in Rosh HaAyin, was incorporated in 1996 and was formerly known as Giganet Ltd. before adopting its current name in September 2000. The firm specializes in furnishing advanced wireless backhaul and fronthaul systems, enabling cellular network operators and other wireless service providers to manage their telecommunication traffic efficiently. Leveraging sophisticated microwave and millimeter wave radio technologies, Ceragon's solutions facilitate high-speed, ultra-low latency data transfer. These systems are pivotal for connecting various network components, including 5G, 4G, 3G, and other cellular base stations, small or distributed cells, and the core infrastructure of service providers. Ceragon's product range encompasses several hardware families. This includes the IP-20 series for all-outdoor deployments (such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V) and split-mount/all-indoor configurations (like IP-20N/IP-20A, IP-20F, and IP-20G). Additionally, they offer IP-50 disaggregated solutions (including IP-50E, IP-50C, IP-50S, and IP-50FX), which cater to a broad spectrum of applications, from short-haul and long-haul links to fronthaul and enterprise access needs. Beyond its hardware offerings, the company provides a comprehensive network management system. It also delivers an array of professional services, which span network and radio planning, site surveys, solution development, installation, network auditing and optimization, ongoing maintenance, and training. Ceragon serves a diverse global client base, extending beyond mobile carriers to include oil and gas companies, public safety organizations, various business and public institutions, broadcasters, energy utilities, and operators of private communications networks. The company distributes its products and services across North America, Europe, Africa, the Asia Pacific region, the Middle East, India, and Latin America through a multi-channel sales strategy, utilizing direct sales, original equipment manufacturers (OEMs), distributors, and system integrators.

Industry
Communication Equipment
Sector
Technology
Headquarters
IL
CEO
Doron Arazi
Listed since
Aug 4, 2000
Employees
1,091

Market position

Day range

Current $2.09

52-week range

Current $2.09

Open
$2.12
Previous close
$2.115
Volume
200.83K
0.31× average
Average volume
652.31K
Average daily volume
Market cap
189.97M USD
Beta
1.37
Market reference 1
50-day average
$2.3446
-10.86% below average
200-day average
$2.3327
-10.40% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
199.85M USD
P/E (TTM)
-57.89×
P/B (TTM)
1.11×
P/S (TTM)
0.55×
EV / EBITDA
9.26×
Earnings yield
-1.11%
Free cash flow yield
7.49%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
33.69%
Operating margin
2.25%
Net margin
-0.95%
Return on equity
-1.21%
Return on assets
-0.66%
Return on invested capital
-14.84%

Financial health

Debt / equity
0.17×
Current ratio
1.87×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%22%6%-11%Gross margin, FY2021: 30.39%Gross margin, FY2022: 31.53%Gross margin, FY2023: 34.53%Gross margin, FY2024: 34.72%Gross margin, FY2025: 33.82%Operating margin, FY2021: 1.65%Operating margin, FY2022: -3.71%Operating margin, FY2023: 6.11%Operating margin, FY2024: 9.82%Operating margin, FY2025: 3.26%Net margin, FY2021: -5.10%Net margin, FY2022: -6.67%Net margin, FY2023: 1.79%Net margin, FY2024: 6.10%Net margin, FY2025: -0.62%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.39%. Gross margin FY2022 31.53%. Gross margin FY2023 34.53%. Gross margin FY2024 34.72%. Gross margin FY2025 33.82%. Operating margin FY2021 1.65%. Operating margin FY2022 -3.71%. Operating margin FY2023 6.11%. Operating margin FY2024 9.82%. Operating margin FY2025 3.26%. Net margin FY2021 -5.10%. Net margin FY2022 -6.67%. Net margin FY2023 1.79%. Net margin FY2024 6.10%. Net margin FY2025 -0.62%.

Income trends

Revenue

338.73M USD-14.07%

Operating income

11.05M USD-71.47%

Net income

−2.09M USD−26.15M USD
Income trends across reported periods435.58M USD270.03M USD104.47M USD−61.08M USDRevenue, FY2021: 290.77M USDRevenue, FY2022: 295.17M USDRevenue, FY2023: 347.18M USDRevenue, FY2024: 394.19M USDRevenue, FY2025: 338.73M USDOperating income, FY2021: 4.81M USDOperating income, FY2022: −10.94M USDOperating income, FY2023: 21.21M USDOperating income, FY2024: 38.73M USDOperating income, FY2025: 11.05M USDNet income, FY2021: −14.83M USDNet income, FY2022: −19.69M USDNet income, FY2023: 6.22M USDNet income, FY2024: 24.06M USDNet income, FY2025: −2.09M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 290.77M USD. Revenue FY2022 295.17M USD. Revenue FY2023 347.18M USD. Revenue FY2024 394.19M USD. Revenue FY2025 338.73M USD. Operating income FY2021 4.81M USD. Operating income FY2022 −10.94M USD. Operating income FY2023 21.21M USD. Operating income FY2024 38.73M USD. Operating income FY2025 11.05M USD. Net income FY2021 −14.83M USD. Net income FY2022 −19.69M USD. Net income FY2023 6.22M USD. Net income FY2024 24.06M USD. Net income FY2025 −2.09M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue338.73M USD394.19M USD347.18M USD295.17M USD290.77M USD
Cost of goods sold224.18M USD257.34M USD227.31M USD202.11M USD202.39M USD
Gross profit114.55M USD136.85M USD119.87M USD93.06M USD88.38M USD
Research and development30.43M USD34.95M USD32.27M USD29.69M USD29.47M USD
Selling, general, and administrative73.08M USD58.94M USD64.37M USD70.09M USD54.1M USD
Operating expenses103.5M USD98.12M USD98.66M USD104M USD83.57M USD
Interest income−1.98M USD93K USD107K USD160K USD
Interest expense6.54M USD5.97M USD7.54M USD5.02M USD4.91M USD
Depreciation and amortization14.33M USD12.11M USD9.97M USD11.04M USD12.25M USD
Operating income11.05M USD38.73M USD21.21M USD−10.94M USD4.81M USD
Net income−2.09M USD24.06M USD6.22M USD−19.69M USD−14.83M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
36%
4 beats, 4 misses, 3 met estimates
Average EPS surprise
+40.10%
11 comparable reports
Latest EPS result
0.02
Estimate 0 · Beat by 400.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.140.090.050Q1 '25MissQ2 '25BeatQ3 '25MetQ4 '25MissQ1 '26MissQ2 '26MetQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.09, estimate 0.1, surprise -10.00%, Miss. Q2 2025, reported May 7, 2025: actual 0.03, estimate 0.02, surprise +50.00%, Beat. Q3 2025, reported Aug 6, 2025: actual 0.03, estimate 0.03, surprise 0.00%, Met estimate. Q4 2025, reported Nov 11, 2025: actual 0.02, estimate 0.04, surprise -50.00%, Miss. Q1 2026, reported Feb 17, 2026: actual 0.02, estimate 0.03, surprise -33.33%, Miss. Q2 2026, reported May 19, 2026: actual 0.01, estimate 0.01, surprise 0.00%, Met estimate. Q3 2026, reported Aug 11, 2026: actual 0.02, estimate 0.004, surprise +400.00%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 0.04, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates111.21M99.5M87.79M76.09MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 106.93M USD, estimate 96.98M USD, surprise +10.26%, Beat. Q2 2025, reported May 7, 2025: actual 88.65M USD, estimate 92.79M USD, surprise -4.46%, Miss. Q3 2025, reported Aug 6, 2025: actual 82.26M USD, estimate 83.48M USD, surprise -1.46%, Miss. Q4 2025, reported Nov 11, 2025: actual 85.48M USD, estimate 86.19M USD, surprise -0.82%, Miss. Q1 2026, reported Feb 17, 2026: actual 82.33M USD, estimate 82.09M USD, surprise +0.30%, Beat. Q2 2026, reported May 19, 2026: actual 85M USD, estimate 80.36M USD, surprise +5.77%, Beat. Q3 2026, reported Aug 11, 2026: actual 93.91M USD, estimate 86.45M USD, surprise +8.64%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 94.4M USD, surprise —, Comparison unavailable.

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