Ceragon Networks Ltd. (CRNT) AI Stock Analysis

Ceragon Networks Ltd. specializes in wireless backhaul and fronthaul solutions that serve cellular operators and wireless service providers worldwide. Utilizing microwave and millimeter wave radio technologies, the company transfers telecommunications traffic between base stations, small cells, and core network infrastructure, supporting 5G, 4G, and 3G networks. Its product lineup includes IP-20 all-outdoor and split-mount solutions alongside IP-50 disaggregated solutions for short-haul, long-haul, fronthaul, and enterprise access deployments. Headquartered in Rosh HaAyin, Israel, Ceragon also delivers professional services such as network planning, site surveys, installation, optimization, maintenance, and training across public safety, utilities, oil and gas, and private networks.

Ceragon delivered a 5-year revenue compound annual growth rate of 5.2% from FY2020 through FY2025. Annual revenue grew from $290.8M in FY2021 to a peak of $394.2M in FY2024, before declining 14.1% to $338.7M in FY2025. Gross margin contracted slightly from 34.7% in FY2024 to 33.8% in FY2025, while operating margin fell from 9.8% to 3.3%. Net income shifted from $24.1M in FY2024 to -$2.1M in FY2025, though diluted EPS stood at $0.10. For the trailing twelve months, revenue was $346.7M with an operating margin of 1.7% and EPS of -$0.04. In the latest quarter ended June 30, 2026, quarterly revenue grew 14.2% year-over-year, but quarterly earnings declined 96.6%.

As of June 30, 2026, Ceragon held $34.8M in cash and short-term investments against total debt of $28.8M, yielding net cash of $6.0M. Shareholders' equity was $172.1M against total assets of $313.8M, resulting in a debt-to-equity ratio of 0.17 and a current ratio of 1.85. In FY2025, the company generated $31.6M in operating cash flow and $14.1M in free cash flow, while capital expenditures totaled $17.4M. Its share count expanded by 8.5% over five years.

Ceragon trades at a forward P/E of 12.5x, below the 18.8x median of its US-listed Technology peers. Its enterprise value stands at $193.9M, reflecting an EV/EBITDA of 10.4x compared to the peer median of 16.6x, and a price-to-sales multiple of 0.5x versus the peer median of 2.8x. Ceragon's price-to-book ratio is 1.2x. Over the past year, Ceragon's stock declined 18.1%, trailing the S&P 500 return of 16.8%. Over five years, the stock fell 39.6%, while the S&P 500 gained 83.0%.

Wall Street analysts hold 5 Strong Buy ratings, 1 Buy rating, and zero Hold or Sell ratings. The mean price target of $4.83 implies upside of 136.9% from the last close of $2.04. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $369.5M and EPS of $0.10. For the following fiscal year, 5 analysts project revenue of $393.1M and EPS of $0.18. Over the last four quarters, the company topped EPS expectations 1 time. The next earnings date is November 10, 2026.

This page is an AI-written research summary of Ceragon Networks Ltd. (CRNT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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