Ceragon Networks (NASDAQ:CRNT – Get Free Report) issued its quarterly earnings results on Thursday. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03, FiscalAI reports. The business had revenue of $95.52 million during the quarter, compared to analyst estimates of $94.40 million. Ceragon Networks had a positive return on equity of 2.74% and a negative net margin of 0.95%.
Here are the key takeaways from Ceragon Networks’ conference call:
- Ceragon reported Q3 revenue of $95.5 million, up 11.7% year over year, while non-GAAP operating margin expanded to 8.5% and EPS rose to $0.07. The company also generated $8.9 million in cash from operating and investing activities and ended the quarter with $32.1 million in net cash.
- Full-year 2026 revenue guidance remains $365 million–$375 million, with the wide range reflecting component supply constraints rather than weak demand; gross margin and operating margin guidance is unchanged at 33.5%–34.5% and 5%–6%, respectively. Management expects supply and component-cost pressures to continue into 2027, and said Q3’s favorable mix may not persist.
- Management sees healthy North American demand and expects EMEA to deliver significant growth in 2027, citing stronger bookings, a growing backlog, and a new Tier 1 operator award. India is expected to remain roughly flat in 2027 based on its two largest customers, with a potential additional carrier RFP offering upside.
- Ceragon is pursuing growth from the Cambium disruption, private-network deployments, and demand for higher-capacity wireless transport. Management said the Cambium opportunity is more imminent, while its broader 2027 growth outlook remains qualitative and dependent in part on execution and supply availability.
Ceragon Networks Stock Up 8.1%
NASDAQ CRNT traded up $0.17 on Friday, reaching $2.28. The company had a trading volume of 1,288,794 shares, compared to its average volume of 344,520. The stock has a market capitalization of $207.23 million, a PE ratio of -76.00 and a beta of 1.36. The firm’s 50 day moving average price is $2.08 and its 200 day moving average price is $2.32. Ceragon Networks has a 12 month low of $1.85 and a 12 month high of $3.29.
Ceragon Networks News Summary
Here are the key news stories impacting Ceragon Networks this week:
- Positive Sentiment: Q3 results topped estimates. Ceragon reported revenue of $95.5 million, up 11.7% year over year and above the $94.4 million consensus. Non-GAAP EPS was $0.07, beating the $0.04 estimate. Improved revenue mix lifted gross margin by 430 basis points sequentially, and the company generated $14.1 million in cash from operations. Growth included stronger demand in India and a North American rebound. Read More.
- Positive Sentiment: Needham raised its price target and reiterated a Buy rating. The firm lifted its target from $3.00 to $3.50, signaling increased analyst optimism about CRNT’s prospects. Read More.
- Neutral Sentiment: FY 2026 revenue guidance is close to consensus. Ceragon forecast revenue of $365 million to $375 million, a range that includes the $369 million analyst estimate; the guidance therefore does not indicate a clear material surprise versus expectations. Read More.
Analysts Set New Price Targets
Several research firms recently issued reports on CRNT. Zacks Research upgraded Ceragon Networks from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 27th. Wall Street Zen raised Ceragon Networks from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Needham & Company LLC boosted their price target on Ceragon Networks from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Thursday. Finally, Weiss Ratings downgraded Ceragon Networks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, August 19th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $3.88.
Read Our Latest Report on Ceragon Networks
Ceragon Networks Company Profile
Ceragon Networks Ltd. (NASDAQ: CRNT) is a telecommunications equipment and solutions provider headquartered in Israel. The company develops wireless transport systems that help communications service providers connect mobile networks, broadband infrastructure and other distributed sites without relying solely on fiber-optic connections.
Its product portfolio includes microwave and millimeter-wave radio systems, packet microwave solutions, antennas, network management software and related services.
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