Ceragon Networks (NASDAQ:CRNT) Issues Earnings Results

Ceragon Networks (NASDAQ:CRNT) announced its earnings results on Tuesday. The communications equipment provider reported $0.02 earnings per share for the quarter, FiscalAI reports. Ceragon Networks had a negative net margin of 0.73% and a positive return on equity of 2.27%. The company had revenue of $93.91 million during the quarter, compared to analyst estimates of $86.45 million.

Here are the key takeaways from Ceragon Networks’ conference call:

• Positive Sentiment: Ceragon reported Q2 revenue of $93.9 million, up 14.2% year over year, while first-half bookings and book-to-bill reached their strongest levels in a decade. Management cited particularly strong momentum in India, E-band products, and private networks.
• Positive Sentiment: India bookings reached approximately $120 million through late July, driven by 4G/5G network expansion, modernization, and fixed wireless access deployments. Management expects most of these orders to convert into revenue during 2026.
• Positive Sentiment: North American demand remains healthy, with private-network bookings reaching a record and a successful 5G FR2 proof of concept with a prospective Tier 1 carrier. Ceragon expects this new customer relationship to begin contributing meaningful revenue in 2027, while managed-services wins include contracts worth $3.4 million in Mexico and up to $70 million in APAC.
• Negative Sentiment: Component shortages, longer lead times, and higher supply-chain costs reduced Q2 non-GAAP gross margin to 32.2% from 35.2% a year earlier. The company lowered its 2026 gross-margin outlook to 33.5%–34.5% and operating-margin outlook to 5%–6%, while maintaining revenue guidance of $355 million–$385 million.
• Neutral Sentiment: Management said demand and order visibility are strong, but the timing of component availability limits its ability to convert bookings into revenue. It expects gradual margin improvement in 2027 through product redesign, cost initiatives, software sales, and potential customer price increases.

Ceragon Networks Trading Up 5.4%

Shares of CRNT stock opened at $2.22 on Tuesday. The company has a market cap of $202.05 million, a P/E ratio of -111.05 and a beta of 1.37. The firm has a fifty day moving average price of $2.48 and a 200 day moving average price of $2.42. Ceragon Networks has a 12 month low of $1.85 and a 12 month high of $3.29.

Analyst Ratings Changes

Several analysts have recently issued reports on CRNT shares. Zacks Research cut shares of Ceragon Networks from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Ceragon Networks from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Roth Capital reiterated a “buy” rating and set a $4.50 target price on shares of Ceragon Networks in a report on Tuesday, May 19th. Craig Hallum restated a “buy” rating and issued a $4.00 price target on shares of Ceragon Networks in a research note on Wednesday, May 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Ceragon Networks in a research report on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ceragon Networks presently has a consensus rating of “Hold” and an average target price of $3.75.

Institutional Trading of Ceragon Networks

A number of institutional investors have recently bought and sold shares of CRNT. WINTON GROUP Ltd boosted its holdings in Ceragon Networks by 11.2% in the fourth quarter. WINTON GROUP Ltd now owns 97,834 shares of the communications equipment provider’s stock valued at $205,000 after purchasing an additional 9,867 shares in the last quarter. Worth Venture Partners LLC acquired a new stake in Ceragon Networks during the third quarter worth approximately $122,000. Boothbay Fund Management LLC lifted its position in shares of Ceragon Networks by 48.6% during the 3rd quarter. Boothbay Fund Management LLC now owns 199,663 shares of the communications equipment provider’s stock worth $465,000 after buying an additional 65,299 shares during the last quarter. Evergreen Capital Management LLC purchased a new stake in shares of Ceragon Networks during the 2nd quarter worth approximately $187,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Ceragon Networks by 132.2% in the 1st quarter. NewEdge Advisors LLC now owns 106,255 shares of the communications equipment provider’s stock valued at $250,000 after buying an additional 60,498 shares in the last quarter. 13.31% of the stock is owned by hedge funds and other institutional investors.

About Ceragon Networks

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon’s solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company’s product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.