Ceragon Networks (NASDAQ:CRNT) Announces Quarterly Earnings Results

Ceragon Networks (NASDAQ:CRNT) released its earnings results on Tuesday. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. Ceragon Networks had a positive return on equity of 2.74% and a negative net margin of 0.95%.The business had revenue of $93.91 million during the quarter, compared to the consensus estimate 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 Stock Performance

Shares of Ceragon Networks stock opened at $2.21 on Thursday. The company has a fifty day moving average of $2.44 and a 200-day moving average of $2.42. Ceragon Networks has a 52-week low of $1.85 and a 52-week high of $3.29. The stock has a market capitalization of $200.87 million, a price-to-earnings ratio of -73.67 and a beta of 1.37.

Wall Street Analyst Weigh In

CRNT has been the subject of a number of research reports. 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. Craig Hallum restated a “buy” rating and issued a $4.00 target price on shares of Ceragon Networks in a research note on Wednesday, May 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $3.00 price target on shares of Ceragon Networks in a report on Tuesday. Roth Capital reissued a “buy” rating and set a $4.50 price objective on shares of Ceragon Networks in a report on Tuesday, May 19th. Finally, Zacks Research cut shares of Ceragon Networks from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 16th. Four equities 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, Ceragon Networks has a consensus rating of “Hold” and a consensus target price of $3.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd increased its position in shares of 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 acquiring an additional 9,867 shares during the period. Worth Venture Partners LLC bought a new stake in shares of Ceragon Networks in the 3rd quarter worth approximately $122,000. Boothbay Fund Management LLC grew its position in shares of Ceragon Networks by 48.6% in 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 position in shares of Ceragon Networks during the second quarter valued at approximately $187,000. Finally, NewEdge Advisors LLC increased its stake in shares of Ceragon Networks by 132.2% during the first 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 during the period. 13.31% of the stock is owned by hedge funds and other institutional investors.

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.