Ceragon Networks (NASDAQ:CRNT) Posts Earnings Results, Hits Expectations

Ceragon Networks (NASDAQ:CRNT) announced its quarterly earnings data on Tuesday. The communications equipment provider reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01, FiscalAI reports. Ceragon Networks had a negative net margin of 0.62% and a positive return on equity of 3.52%. The business had revenue of $85.00 million during the quarter, compared to the consensus estimate of $80.36 million.

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

• Ceragon said Q1 revenue was $85 million, with non-GAAP EPS of $0.01 and positive free cash flow of $2.8 million, describing the quarter as a solid start to 2026.
• India momentum remained very strong, including about $86 million in bookings announced for leading operators, and management said the region now gives them confidence that their roughly $100 million revenue floor for India in 2026 is secure or could be exceeded.
• The company reiterated full-year 2026 revenue guidance of $355 million to $385 million and said the North America revenue delayed by a component issue is a timing shift from Q2 into Q3, not a demand problem.
• Management warned that Q2 gross margins will likely face pressure because of an unusually high mix of lower-margin India revenue, along with broader cost headwinds such as rising memory, copper, freight, and foreign exchange pressures.
• Ceragon highlighted encouraging progress in North America and Europe, including a successful FR2 proof-of-concept with a major tier-1 carrier and stronger customer interest in Europe following Nokia’s wireless transmission divestiture, which management said should support orders later in 2026.

Ceragon Networks Stock Performance

NASDAQ:CRNT traded up $0.07 on Tuesday, hitting $2.58. The stock had a trading volume of 903,148 shares, compared to its average volume of 485,001. The stock has a market cap of $234.04 million, a P/E ratio of -128.75 and a beta of 1.32. Ceragon Networks has a 1 year low of $1.82 and a 1 year high of $2.84. The firm’s fifty day simple moving average is $2.38 and its two-hundred day simple moving average is $2.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in Ceragon Networks in the 2nd quarter valued at $26,000. Walleye Capital LLC bought a new position in Ceragon Networks in the 4th quarter valued at $27,000. HRT Financial LP boosted its holdings in Ceragon Networks by 44.3% in the 4th quarter. HRT Financial LP now owns 19,660 shares of the communications equipment provider’s stock valued at $41,000 after purchasing an additional 6,039 shares during the period. Verition Fund Management LLC bought a new position in Ceragon Networks in the 4th quarter valued at $64,000. Finally, Virtu Financial LLC bought a new position in Ceragon Networks in the 4th quarter valued at $102,000. 13.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Ceragon Networks from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, April 20th. Zacks Research raised shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 21st. Finally, Lake Street Capital initiated coverage on shares of Ceragon Networks in a research note on Tuesday, March 31st. They issued a “buy” rating and a $3.50 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ceragon Networks currently has an average rating of “Hold” and an average target price of $3.50.

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.