Symbols / CRNT $2.23 +1.83% Ceragon Networks Ltd.

Technology • Communication Equipment • Israel • NMS
CRNT Chart
About

Ceragon Networks Ltd. provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. The company's solutions use microwave and millimeter wave radio technology to transfer telecommunication traffic between base stations, small/distributed cells, and the service provider's network. It provides IP-20 all-outdoor solutions, such as IP-20C, IP-20C-HP, IP-20S, IP-20E, and IP-20V; IP-20 split-mount/ all-indoor solutions comprising IP-20N/IP-20A, IP-20F, and IP-20G; and IP-50 disaggregated solutions, including IP-50E, IP-50EX, IP-50C, IP-50CX, and IP-50FX for various short-haul, long-haul, fronthaul, small cells, routing, and enterprise access applications. In addition, the company offers network and radio planning, site surveys, solutions development, installation, network rollout, wireless transport network auditing and optimization, maintenance, training, and other services. It serves internet service providers, municipalities, government, utilities, and maritime communications broadcasters and defense, as well as oil and gas companies, public safety organizations, business and public institutions, broadcasters, energy utilities, and private communications networks. The company sells its products through direct sales, original equipment manufacturers, distributors, and system integrators. The company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was incorporated in 1996 and is headquartered in Rosh Haayin, Israel.

Fundamentals
Scroll to Statements
Sector Technology Industry Communication Equipment Market Cap 200.45M
Enterprise Value 196.41M Income -2.09M Sales 338.73M
Book/sh 1.91 Cash/sh 0.42 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E 10.05 PEG —
P/S 0.59 P/B 1.17 P/C —
EV/EBITDA 7.74 EV/Sales 0.58 Quick Ratio 1.36
Current Ratio 1.87 Debt/Eq 21.03 LT Debt/Eq —
EPS (ttm) -0.02 EPS next Y 0.22 EPS Growth -96.60%
Revenue Growth -23.00% Earnings 2026-05-13 ROA 2.09%
ROE -1.23% ROIC — Gross Margin 33.82%
Oper. Margin 2.08% Profit Margin -0.62% Shs Outstand 89.89M
Shs Float 79.23M Short Float 0.26% Short Ratio 0.52
Short Interest — 52W High 2.84 52W Low 1.82
Beta 1.24 Avg Volume 475.94K Volume 331.32K
Target Price $4.54 Recom Strong_buy Prev Close $2.19
Price $2.23 Change 1.83%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$4.54
Mean price target
2. Current target
$2.23
Latest analyst target
3. DCF / Fair value
$3.33
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.23
Low
$3.00
High
$9.00
Mean
$4.54

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-31 init Lake Street — → Buy $4
2025-11-12 reit Needham Buy → Buy $3
2025-09-18 reit Needham Buy → Buy $3
2025-08-06 main Needham Buy → Buy $3
2025-07-18 main Roth Capital Buy → Buy $4
2025-05-07 main Needham Buy → Buy $5
2025-03-13 init Craig-Hallum — → Buy $5
2025-02-12 reit Needham Buy → Buy $6
2025-01-16 reit Needham Buy → Buy $6
2024-12-04 reit Needham Buy → Buy $6
2024-12-03 init Litchfield Hills — → Buy $10
2024-10-28 init Roth MKM — → Buy $5
2024-08-08 reit Needham Buy → Buy $5
2024-05-07 reit Needham Buy → Buy $5
2024-02-21 reit Needham Buy → Buy $5
2024-01-18 reit Needham Buy → Buy $5
2023-12-28 reit Needham Buy → Buy $5
2023-08-02 reit Needham Buy → Buy $5
2023-05-02 reit Needham — → Buy $5
2023-02-09 reit Needham — → Buy $5
News
RSS: Latest CRNT news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-23 STEIN RONEN Chief Financial Officer — 17,417 $0.00 $0
2026-03-23 RONEN BEN-HAMOU Officer — 27,213 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
394.19
+13.54%
347.18
+17.62%
295.17
+1.52%
290.77
Operating Revenue
394.19
+13.54%
347.18
+17.62%
295.17
+1.52%
290.77
Cost Of Revenue
257.34
+13.21%
227.31
+12.47%
202.11
-0.14%
202.39
Reconciled Cost Of Revenue
257.34
+13.21%
227.31
+12.47%
202.11
-0.14%
202.39
Gross Profit
136.85
+14.17%
119.87
+28.80%
93.06
+5.30%
88.38
Operating Expense
95.05
-1.65%
96.64
-7.07%
104.00
+24.45%
83.57
Research And Development
34.95
+8.29%
32.27
+8.70%
29.69
+0.74%
29.47
Selling General And Administration
58.94
-8.44%
64.37
-8.16%
70.09
+29.56%
54.10
Selling And Marketing Expense
44.72
+10.20%
40.58
+13.36%
35.80
+6.82%
33.51
General And Administrative Expense
14.22
-40.23%
23.79
-30.62%
34.30
+66.57%
20.59
Other Gand A
14.22
-40.23%
23.79
-30.62%
34.30
+66.57%
20.59
Other Operating Expenses
1.16
—
4.22
—
Total Expenses
352.39
+8.78%
323.95
+5.83%
306.11
+7.05%
285.96
Operating Income
41.80
+79.99%
23.23
+312.35%
-10.94
-327.57%
4.81
Total Operating Income As Reported
38.73
+82.59%
21.21
+293.93%
-10.94
-327.57%
4.81
EBITDA
45.34
+49.90%
30.25
+2648.19%
-1.19
-109.08%
13.08
Normalized EBITDA
53.63
+61.91%
33.12
+15673.81%
0.21
-98.76%
16.95
Reconciled Depreciation
12.11
+21.52%
9.97
-9.72%
11.04
-9.85%
12.25
EBIT
33.23
+63.84%
20.28
+265.86%
-12.23
-1571.36%
0.83
Total Unusual Items
-8.29
-188.22%
-2.88
-106.01%
-1.40
+63.98%
-3.88
Total Unusual Items Excluding Goodwill
-8.29
-188.22%
-2.88
-106.01%
-1.40
+63.98%
-3.88
Special Income Charges
-4.78
-124.89%
-2.12
0.00
0.00
Restructuring And Mergern Acquisition
4.78
+124.89%
2.12
0.00
0.00
Net Income
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Pretax Income
27.25
+113.88%
12.74
+173.90%
-17.24
-351.51%
-3.82
Net Non Operating Interest Income Expense
-6.25
+17.75%
-7.61
-54.92%
-4.91
-3.41%
-4.75
Interest Expense Non Operating
5.97
-20.75%
7.54
+50.28%
5.02
+7.87%
4.65
Net Interest Income
-6.25
+17.75%
-7.61
-54.92%
-4.91
-3.41%
-4.75
Interest Expense
5.97
-20.75%
7.54
+50.28%
5.02
+7.87%
4.65
Interest Income Non Operating
0.14
+53.76%
0.09
-13.08%
0.11
-33.13%
0.16
Interest Income
0.14
+53.76%
0.09
-13.08%
0.11
-33.13%
0.16
Other Income Expense
-8.29
-188.22%
-2.88
-106.01%
-1.40
+63.98%
-3.88
Gain On Sale Of Security
-3.52
-366.93%
-0.75
+46.10%
-1.40
+63.98%
-3.88
Tax Provision
3.19
-51.09%
6.52
+166.64%
2.45
-77.78%
11.01
Tax Rate For Calcs
0.00
-60.98%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.97
-12.46%
-0.86
-106.01%
-0.42
+63.98%
-1.16
Net Income Including Noncontrolling Interests
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Net Income From Continuing Operation Net Minority Interest
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Net Income From Continuing And Discontinued Operation
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Net Income Continuous Operations
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Normalized Income
31.39
+281.16%
8.23
+144.01%
-18.71
-54.47%
-12.11
Net Income Common Stockholders
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Diluted EPS
0.27
+285.71%
0.07
+177.78%
-0.09
—
Basic EPS
0.28
+300.00%
0.07
+177.78%
-0.09
—
Basic Average Shares
86.19
+1.86%
84.62
+0.58%
84.13
—
Diluted Average Shares
88.46
+3.48%
85.48
+1.60%
84.13
—
Diluted NI Availto Com Stockholders
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Earnings From Equity Interest Net Of Tax
—
—
0.00
0.00
Total Other Finance Cost
0.42
+165.00%
0.16
—
0.26
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
345.00
+15.57%
298.52
+3.18%
289.32
-1.11%
292.56
Current Assets
261.04
+19.78%
217.94
+3.41%
210.75
+3.57%
203.48
Cash Cash Equivalents And Short Term Investments
35.31
+25.05%
28.24
+23.05%
22.95
+34.36%
17.08
Cash And Cash Equivalents
35.31
+25.05%
28.24
+23.05%
22.95
+34.36%
17.08
Receivables
159.35
+39.97%
113.85
+4.17%
109.29
-7.13%
117.68
Accounts Receivable
149.62
+43.42%
104.32
+4.29%
100.03
-7.23%
107.83
Gross Accounts Receivable
163.41
+26.75%
128.92
+5.29%
122.44
+6.20%
115.30
Allowance For Doubtful Accounts Receivable
-13.80
+43.92%
-24.60
-9.78%
-22.41
-200.00%
-7.47
Other Receivables
9.73
+2.13%
9.53
+2.96%
9.26
-6.10%
9.86
Inventory
59.69
-13.25%
68.81
-4.44%
72.01
+17.28%
61.40
Raw Materials
28.55
-15.51%
33.79
-3.76%
35.11
+55.49%
22.58
Work In Process
0.70
+43.42%
0.49
+239.86%
0.14
-66.19%
0.42
Finished Goods
30.45
-11.84%
34.53
-6.04%
36.76
-4.27%
38.39
Prepaid Assets
1.63
+68.85%
0.96
+137.78%
0.41
+58.20%
0.26
Current Deferred Assets
4.62
-10.35%
5.16
-15.26%
6.09
-2.04%
6.21
Hedging Assets Current
0.43
-53.04%
0.92
+11400.00%
0.01
-99.06%
0.85
Total Non Current Assets
83.96
+4.19%
80.58
+2.56%
78.57
-11.80%
89.08
Net PPE
53.47
+8.02%
49.50
+4.38%
47.42
-4.43%
49.62
Gross PPE
194.84
+7.61%
181.07
+9.37%
165.55
+5.11%
157.50
Accumulated Depreciation
-141.37
-7.45%
-131.57
-11.38%
-118.13
-9.50%
-107.88
Properties
0.00
0.00
0.00
0.00
Machinery Furniture Equipment
175.56
+9.53%
160.28
+9.86%
145.89
+7.43%
135.81
Other Properties
16.70
-11.33%
18.84
+4.87%
17.96
-11.22%
20.23
Leases
2.58
+32.48%
1.95
+15.05%
1.69
+16.03%
1.46
Goodwill And Other Intangible Assets
24.54
+1.61%
24.15
+194.23%
8.21
+30.83%
6.27
Goodwill
7.75
+0.00%
7.75
0.00
—
Other Intangible Assets
16.79
+2.38%
16.40
+99.82%
8.21
+30.83%
6.27
Non Current Accounts Receivable
—
—
—
10.48
Non Current Deferred Assets
—
—
—
0.00
Non Current Deferred Taxes Assets
—
—
—
0.00
Other Non Current Assets
1.04
-46.93%
1.95
-89.33%
18.31
+7.35%
17.06
Total Liabilities Net Minority Interest
178.67
+8.61%
164.51
-2.97%
169.53
+9.09%
155.41
Current Liabilities
151.45
+13.91%
132.95
+0.09%
132.84
+14.83%
115.68
Payables And Accrued Expenses
113.21
+31.67%
85.98
+5.09%
81.82
-4.96%
86.09
Payables
94.62
+36.31%
69.41
+0.02%
69.40
-3.47%
71.89
Accounts Payable
91.16
+35.99%
67.03
-0.52%
67.38
-2.96%
69.44
Other Payable
3.46
+45.40%
2.38
+18.18%
2.01
-17.97%
2.45
Current Accrued Expenses
18.60
+12.24%
16.57
+33.38%
12.42
-12.53%
14.20
Employee Benefits
8.36
-11.07%
9.40
+0.91%
9.31
-13.75%
10.80
Current Debt And Capital Lease Obligation
28.17
-22.80%
36.49
-11.53%
41.24
+115.28%
19.16
Current Debt
25.20
-22.70%
32.60
-13.07%
37.50
+153.38%
14.80
Other Current Borrowings
—
—
37.50
+153.38%
14.80
Current Capital Lease Obligation
2.97
-23.61%
3.89
+3.85%
3.75
-14.09%
4.36
Current Deferred Liabilities
4.31
-50.98%
8.79
+26.52%
6.95
-17.57%
8.43
Current Deferred Revenue
4.31
-50.98%
8.79
+26.52%
6.95
-17.57%
8.43
Other Current Liabilities
3.43
—
1.42
+354.63%
0.31
Total Non Current Liabilities Net Minority Interest
27.22
-13.72%
31.55
-14.02%
36.70
-7.63%
39.73
Long Term Debt And Capital Lease Obligation
12.94
-5.69%
13.72
+4.01%
13.19
-23.38%
17.21
Long Term Capital Lease Obligation
12.94
-5.69%
13.72
+4.01%
13.19
-23.38%
17.21
Defined Pension Benefit
4.92
-1.40%
4.99
+7.60%
4.63
-17.97%
5.65
Non Current Pension And Other Postretirement Benefit Plans
8.36
-11.07%
9.40
+0.91%
9.31
-13.75%
10.80
Tradeand Other Payables Non Current
5.93
-23.69%
7.77
+192.80%
2.65
+8.51%
2.44
Non Current Deferred Liabilities
0.00
-100.00%
0.67
-94.20%
11.54
+24.47%
9.28
Non Current Deferred Revenue
0.00
-100.00%
0.67
-94.20%
11.54
+24.47%
9.28
Stockholders Equity
166.32
+24.11%
134.02
+11.88%
119.78
-12.66%
137.15
Common Stock Equity
166.32
+24.11%
134.02
+11.88%
119.78
-12.66%
137.15
Capital Stock
0.23
+3.57%
0.22
+0.00%
0.22
+0.00%
0.22
Common Stock
0.23
+3.57%
0.22
+0.00%
0.22
+0.00%
0.22
Share Issued
91.87
+3.35%
88.90
+1.21%
87.83
+0.48%
87.41
Ordinary Shares Number
88.39
+3.48%
85.42
+1.26%
84.35
+0.50%
83.93
Treasury Shares Number
3.48
+0.00%
3.48
+0.00%
3.48
+0.00%
3.48
Additional Paid In Capital
447.37
+2.34%
437.16
+1.14%
432.21
+0.93%
428.24
Retained Earnings
-251.12
+8.74%
-275.19
+2.21%
-281.41
-7.52%
-261.72
Gains Losses Not Affecting Retained Earnings
-10.06
-24.40%
-8.09
+27.51%
-11.16
-17.35%
-9.51
Treasury Stock
20.09
+0.00%
20.09
+0.00%
20.09
+0.00%
20.09
Other Equity Adjustments
-10.06
-24.40%
-8.09
+27.51%
-11.16
-17.35%
-9.51
Total Equity Gross Minority Interest
166.32
+24.11%
134.02
+11.88%
119.78
-12.66%
137.15
Total Capitalization
166.32
+24.11%
134.02
+11.88%
119.78
-12.66%
137.15
Working Capital
109.59
+28.95%
84.99
+9.08%
77.91
-11.26%
87.80
Invested Capital
191.53
+14.95%
166.62
+5.94%
157.28
+3.51%
151.95
Total Debt
41.11
-18.12%
50.20
-7.77%
54.43
+49.67%
36.37
Net Debt
—
4.36
-70.02%
14.55
—
Capital Lease Obligations
15.91
-9.64%
17.61
+3.97%
16.93
-21.50%
21.57
Net Tangible Assets
141.78
+29.05%
109.87
-1.53%
111.58
-14.75%
130.88
Tangible Book Value
141.78
+29.05%
109.87
-1.53%
111.58
-14.75%
130.88
Current Provisions
2.33
+37.25%
1.69
+20.91%
1.40
-17.15%
1.69
Line Of Credit
25.20
-22.70%
32.60
-13.07%
37.50
—
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
26.20
-15.18%
30.89
+730.99%
-4.89
+67.41%
-15.02
Cash Flow From Continuing Operating Activities
26.20
-15.18%
30.89
+730.99%
-4.89
+67.41%
-15.02
Net Income From Continuing Operations
24.06
+286.86%
6.22
+131.59%
-19.69
-32.78%
-14.83
Depreciation Amortization Depletion
12.11
+21.52%
9.97
-9.72%
11.04
-9.85%
12.25
Depreciation
10.34
+10.72%
9.34
-12.10%
10.62
-10.34%
11.85
Amortization Cash Flow
1.78
+181.01%
0.63
+50.48%
0.42
+4.74%
0.40
Depreciation And Amortization
12.11
+21.52%
9.97
-9.72%
11.04
-9.85%
12.25
Amortization Of Intangibles
1.78
+181.01%
0.63
+50.48%
0.42
+4.74%
0.40
Stock Based Compensation
4.30
+8.43%
3.96
+11.35%
3.56
+38.95%
2.56
Operating Gains Losses
0.21
+239.34%
0.06
+205.00%
0.02
-75.61%
0.08
Gain Loss On Sale Of PPE
0.21
+239.34%
0.06
+205.00%
0.02
-75.61%
0.08
Change In Working Capital
-14.48
-235.66%
10.68
+6035.06%
0.17
+101.15%
-15.08
Change In Receivables
-46.22
-1850.38%
-2.37
-112.86%
18.43
+265.27%
-11.15
Changes In Account Receivables
-46.22
-1850.38%
-2.37
-112.86%
18.43
+265.27%
-11.15
Change In Inventory
7.61
+20.67%
6.30
+156.50%
-11.15
+6.32%
-11.91
Change In Payables And Accrued Expense
26.93
+15941.18%
-0.17
+97.25%
-6.17
-242.64%
4.33
Change In Payable
26.93
+15941.18%
-0.17
+97.25%
-6.17
-242.64%
4.33
Change In Account Payable
23.03
+1347.00%
-1.85
+8.47%
-2.02
-134.30%
5.88
Change In Other Working Capital
-4.57
+53.46%
-9.83
-650.95%
1.78
-81.29%
9.53
Change In Other Current Assets
5.98
-71.23%
20.77
+543.99%
3.23
+355.42%
-1.26
Change In Other Current Liabilities
-4.20
-4.02%
-4.03
+32.05%
-5.94
-28.51%
-4.62
Investing Cash Flow
-16.46
+21.11%
-20.87
-68.02%
-12.42
-32.21%
-9.39
Cash Flow From Continuing Investing Activities
-16.46
+21.11%
-20.87
-68.02%
-12.42
-32.21%
-9.39
Net PPE Purchase And Sale
-14.58
-46.47%
-9.96
+4.86%
-10.46
-13.95%
-9.18
Purchase Of PPE
-14.58
-46.47%
-9.96
+4.86%
-10.46
-11.52%
-9.38
Sale Of PPE
—
0.00
0.00
-100.00%
0.20
Capital Expenditure
-16.46
-27.64%
-12.90
-3.85%
-12.42
-29.45%
-9.60
Capital Expenditure Reported
-1.88
+36.04%
-2.94
-50.43%
-1.96
-823.11%
-0.21
Net Investment Purchase And Sale
—
—
—
0.00
Sale Of Investment
—
—
—
0.00
Net Business Purchase And Sale
0.00
+100.00%
-7.97
0.00
0.00
Purchase Of Business
0.00
+100.00%
-7.97
0.00
0.00
Net Intangibles Purchase And Sale
—
-2.94
-50.43%
-1.96
-823.11%
-0.21
Purchase Of Intangibles
—
-2.94
-50.43%
-1.96
-823.11%
-0.21
Financing Cash Flow
-1.52
+68.69%
-4.86
-121.03%
23.11
+59.05%
14.53
Cash Flow From Continuing Financing Activities
-1.52
+68.69%
-4.86
-121.03%
23.11
+59.05%
14.53
Net Issuance Payments Of Debt
-7.40
-51.02%
-4.90
-121.59%
22.70
+131.63%
9.80
Net Short Term Debt Issuance
-7.40
-51.02%
-4.90
-121.59%
22.70
+131.63%
9.80
Proceeds From Stock Option Exercised
5.88
+14971.79%
0.04
-90.49%
0.41
-91.33%
4.73
Changes In Cash
8.21
+59.27%
5.16
-11.01%
5.79
+158.62%
-9.88
Effect Of Exchange Rate Changes
-1.14
-955.64%
0.13
+77.33%
0.07
+154.35%
-0.14
Beginning Cash Position
28.24
+23.05%
22.95
+34.36%
17.08
-36.98%
27.10
End Cash Position
35.31
+25.05%
28.24
+23.05%
22.95
+34.36%
17.08
Free Cash Flow
9.73
-45.89%
17.99
+203.88%
-17.32
+29.65%
-24.61
Interest Paid Supplemental Data
4.68
-22.48%
6.04
+74.77%
3.46
+170.00%
1.28
Income Tax Paid Supplemental Data
1.13
-60.30%
2.84
+51.74%
1.87
-6.22%
2.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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