Ceragon Networks (NASDAQ:CRNT) Releases Quarterly Earnings Results

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

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 3.6%

NASDAQ:CRNT traded up $0.07 during mid-day trading on Tuesday, hitting $2.19. The company’s stock had a trading volume of 660,526 shares, compared to its average volume of 578,614. Ceragon Networks has a fifty-two week low of $1.85 and a fifty-two week high of $3.29. The company has a market capitalization of $198.59 million, a price-to-earnings ratio of -109.75 and a beta of 1.37. The stock has a fifty day moving average of $2.48 and a 200-day moving average of $2.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CRNT. Virtu Financial LLC bought a new position in Ceragon Networks in the 4th quarter valued at $102,000. XTX Topco Ltd raised its stake in shares of Ceragon Networks by 328.4% in the fourth quarter. XTX Topco Ltd now owns 230,857 shares of the communications equipment provider’s stock worth $485,000 after acquiring an additional 176,965 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Ceragon Networks by 47.4% during the fourth quarter. Private Advisor Group LLC now owns 1,420,888 shares of the communications equipment provider’s stock worth $2,984,000 after purchasing an additional 456,710 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of Ceragon Networks in the fourth quarter valued at approximately $64,000. Finally, Walleye Capital LLC bought a new position in Ceragon Networks in the 4th quarter worth approximately $27,000. 13.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRNT has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $3.00 price target on shares of Ceragon Networks in a research report on Wednesday, May 20th. Roth Capital reiterated a “buy” rating and issued a $4.50 target price on shares of Ceragon Networks in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Ceragon Networks from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Zacks Research downgraded Ceragon Networks from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings upgraded Ceragon Networks from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $3.75.

Ceragon Networks Company Profile

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.