CRNT · NASDAQ · Communication Equipment

Ceragon Networks (CRNT)

Supplies wireless transport equipment, network management software, and services for operators and private networks.

$2.12
vs last close+0.01 (+0.24%)
Loading prices…

Ceragon Networks Ltd.CRNT
Information Technology

Sells microwave and millimeter-wave equipment, network-management software, and delivery services to cellular operators, service providers, and private networks. The business combines direct sales with systems integrators, distributors, and OEMs across an international operating footprint.

Wireless transport equipment, network-management software, and delivery services support the buildout and evolution of 4G and 5G networks. The IP-50 and PointLink platforms, Intelligent Network Management, and Siklu by Ceragon product line form the current portfolio.

Cellular operators, other service providers, and private-network owners buy through a direct sales force as well as systems integrators, distributors, and OEMs. Planning, deployment, maintenance, and support services extend the equipment offer across an international operating footprint.

Recent additions brought millimeter-wave wireless fiber, point-to-multipoint capability, and systems-integration and software-development work for private networks. Demand is shaped by operator and service-provider capital spending, international delivery and support, and competition from broad telecom-equipment providers and transport specialists.

Company facts

CEODoron Arazi
ListedAug 4, 2000
ExchangeNASDAQ
HeadquartersRosh Ha’Ayin, Israel
CountryIsrael
Employees1,091
CIK0001119769
ISINIL0010851660

Market cap$191.8M
EPS (ttm)−$0.0361
P/E (ttm)−58.45
ROE-1.9%
P/B1.11
P/S0.5531
Dividend yieldDiv yield
Beta2.02vs XLK 0.82

Price target$4.25+101.4%Average of 6 analysts
ConsensusBuy5 of 6 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
May 20, 2026Craig-HallumTarget
Target: $5
Target: $4
May 19, 2026Roth CapitalTarget
Target:
Target: $4.50

Next report
Nov 10, 26
in 48 days
EPS estimate
$0.04
Revenue estimate
$94.4M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.09$0.03$0.03$0.02$0.02$0.01$0.02Pending
Estimate$0.10$0.02$0.03$0.04$0.03$0.01$0.00$0.04
Surprise−10.0%+50.0%0.0%−50.0%−33.3%0.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$106.9M$88.7M$82.3M$85.5M$82.3M$85.0M$93.9MPending
Estimate$97.0M$92.8M$83.5M$86.2M$82.1M$80.4M$86.4M$94.4M
Surprise+10.3%−4.5%−1.5%−0.8%+0.3%+5.8%+8.6%
Estimate$0.04
ReportedDue Nov 10, 2026
Estimate$94.4M
ReportedDue Nov 10, 2026
View details

Debt to equity16.70%
Current ratio185.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$102.7M$106.9M$88.7M$82.3M$85.5M$82.3M$85.0M$93.9M
Net income$12.2M$3.6M−$980.0K−$1.3M$28.0K$129.0K−$1.3M−$2.1M
Net margin11.9%3.4%0.0%0.0%0.0%0.2%0.0%0.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$14.6M$9.5M−$1.1M$2.4M$3.8M$1.7M$2.1M$237.0K
YoY growth+119.3%+128.3%Turned loss−76.4%−74.3%−82.0%Turned profit−90.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $34.8M · Total debt $28.8M · Total assets $313.8M · Shareholders' equity $172.1M

Revenue
$93.9M
Operating income
$237.0K
Net income
−$2.1M
View details

No dividends on record.

Institutions22.82%20.74M ADS
83 holders · as of Jun 30, 2026
Insiders25.10%22.81M ADS
13 holders · as of Jun 15, 2026
Strategic holders4.72%4.29M ADS
1 holder · as of Aug 18, 2022
Other47.36%43.05M ADS
remainder

90.89M ADS as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count is from the company's Dec 2024 annual report; nothing newer is on file here.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Joseph D. SambergInsider
10.37%9.43Mfiled Feb 27, 2025
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act butInsider
8.56%7.78Mfiled Feb 15, 2019
First Wilshire Securities Management IncInstitution
5.29%4.81M ADSas of Jun 30, 2026
PageInsider
5.06%4.60Mfiled Feb 17, 2017
Aviat Networks, Inc.Strategic
4.72%4.29Mfiled Aug 18, 2022

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 12, 2026Efrat Makovdirector−5,000$2.99
May 22, 2026Efrat Makovdirector−6,667$2.65
View details

  • Ericsson (ADR)

    Mobile transport and microwave-radio rival for operator backhaul

  • Nokia (ADR)

    Microwave-transport peer across 5G backhaul and E-Band

  • Aviat Networks

    Specialist in microwave transport, access, and private-network links

Compare

CompanyPriceChange
Ceragon Networks$2.12+0.24%$191.8M13.50.6+14.2%
Ericsson (ADR)$9.77−0.48%$32.25B13.220.11.4−5.4%
Nokia (ADR)$10.84+0.14%$58.44B76.825.82.5+2.3%
Aviat Networks$19.80−1.20%$259.3M104.17.20.6+7.3%
Median76.820.11.4+2.3%