Ceragon Networks Ltd. provides wireless backhaul solutions that enable cellular operators and other wireless service providers to deliver voice and data services. Its wireless backhaul solutions use microwave and millimeter wave technology to transfer telecommunication traffic between base stations, small/distributed cells, and the core of the service provider's network. The company also offers wireless fronthaul solutions that use microwave technology for ultra-high speed, ultra-low latency communication for wireless 5G and 4G base stations. In addition, 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-50C, IP-50S, and IP-50FX for various short-haul, long-haul, fronthaul, and enterprise access applications. Further, the company offers network management system; and network and radio planning, site survey, solutions development, installation, network auditing and optimization, maintenance, training, and other services. It provides its services to smart-phone applications, such as internet browsing, social networking, image sharing, music, and video applications; 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, resellers, distributors, and system integrators. It operates in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America. 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 Tel Aviv, Israel.
IPO Year:
Exchange: NASDAQ
Website: ceragon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/28/2024 | $4.50 | Buy | ROTH MKM |
| 9/16/2021 | $6.00 | Buy | Aegis Capital |
| 7/19/2021 | $4.50 → $4.75 | Buy | Needham |
ROSH HA'AIN, Israel, May 30, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of end-to-end wireless connectivity solutions, today announced the appointment of Mr. Robert Wadsworth as a member of its Board of Directors. Mr. Wadsworth is an accomplished venture capitalist and private equity investor who brings extensive M&A experience from the U.S. capital markets. Robert Wadsworth was a founding partner of HarbourVest Partners in 1986, serving as managing director of the firm from 1988 through 2018 and becoming a Senior Advisor in 2019. He continues to provide input and counsel on direct co-investments globally and remains a direc
Company hires financial and M&A veteran Ronen Stein to help accelerate growth and profitability ROSH HA'AIN, Israel, Aug. 15, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT) ("Ceragon" or the "Company"), a global innovator and leading solutions provider of 5G wireless transport, today announced the appointment of Ronen Stein as the Company's new Chief Financial Officer, effective September 21, 2022. Mr. Stein will report directly to the CEO, Doron Arazi. As the newly appointed CFO, Mr. Stein will provide financial and strategic leadership and planning to help accelerate Ceragon's business momentum and deliver profitable growth. Mr. Stein is an accomplished financial executive and a
Revised IOI Continues to Significantly Undervalue Ceragon and Remains Highly Conditional Ceragon Urges its Shareholders to Protect Their Investment by Voting the WHITE Proxy Card AGAINST Aviat's Attempt to Take Control of the Board ROSH HA'AIN, Israel, Aug. 8, 2022 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT) (the "Company", "Ceragon", "we", "us", or "our") today issued the following letter to shareholders concerning the response of Ceragon's Board of Directors (the "Board") to the revised unsolicited, highly conditional, non-binding indication of interest from Aviat Networks, Inc. (NASDAQ:AVNW), a competitor of Ceragon. The letter to shareholders and other supplemental information wi
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ROSH HA'AIN, Israel, Oct. 22, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the third quarter ended September 30, 2024 on Wednesday, November 13, 2024, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on our website at www.ceragon.com
Significant Penetration into Private Networks Management Reiterates Full-Year 2024 Outlook ROSH HA'AIN, Israel, Aug. 7, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the second quarter period ended June 30, 2024. Q2 2024 Financial Highlights: Revenues of $96.1 millionOperating income of $10.4 million on a GAAP basis, or $13.1 million on a non-GAAP basisNet Income of $7.8 million on a GAAP basis, and net income of $9.9 million on a non-GAAP basisEPS of $0.09 per diluted share on a GAAP basis, or $0.11 per diluted share on a non-GAAP basisQ2 2024 Business Highlights: India:- Recor
ROSH HA'AIN, Israel, July 24, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on our website at www.ceragon.com wi
Strong Demand and Bookings Bolster, Confidence of Continued Growth and Margin Expansion Management Reiterates Full-Year 2024 Outlook ROSH HA'AIN, Israel, May 7, 2024 /PRNewswire/ -- Ceragon Networks Ltd (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today reported its financial results for the first quarter period ended March 31, 2024. Q1 2024 Financial Highlights: Revenues of $88.5 million, up 6.1% year-over-year Operating income of $4.2 million on a GAAP basis, or $7.6 million on a non-GAAP basisNet Income of $0.4 million on a GAAP basis, and net income of $4.7 million on a non-GAAP basisEPS of $0.00 per diluted share on a GAAP basis, or $0.
ROSH HA'AIN, Israel, April 24, 2024 /PRNewswire/ --Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the first quarter ended March 31, 2024 on Tuesday, May 7, 2024, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on our website at www.cerago
Company Guides for Double Digit Growth; Targeting to Further Penetrate Private Network Markets ROSH HA'AIN, Israel, Feb. 20, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today reported its financial results for the fourth quarter and full year period ended December 31, 2023. Q4 2023 Financial Highlights: Revenues of $90.4 million, up 20% year-over-yearSiklu acquisition, which closed on December 4, 2023, contributed modestly to quarterly revenue, in-line with expectationsOperating income of $4.2 million on a GAAP basis, or $7.8 million on a non-GAAP basisNet loss of $(1.2) million on a GAAP basis, an
ROSH HA'AIN, Israel, Feb. 5, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it expects to release its earnings results for the fourth quarter and full-year ended December 31, 2023, on Tuesday, February 20, 2024, before the market opens. Management will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on
Ceragon acquires new customer in India set to deploy its new, innovative ultra-compact energy-efficient radio in tens of thousands of new sites, including managed services ROSH HA'AIN, Israel, Jan. 11, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced it has signed an agreement with a global integrator, in support of a network modernization project for a Tier 1 Operator in India. As stipulated in the agreement, Ceragon will support a massive modernization project focused on upgrading existing network capabilities, expanding capacity, improving country-wide connectivity, and delivering servic
Company Generates $2.1 Million in GAAP Net Income and Positive Free Cash Flow Raises Full Year Revenue Outlook to $334 - $348 Million ROSH HA'AIN, Israel, August 1, 2023 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today reported its financial results for the second quarter and six months ended June 30, 2023. Q2 2023 Financial Highlights: Revenues of $86.2 millionOperating income of $5.7 million on a GAAP basis, or $7.4 million on a non-GAAP basis; The non-GAAP operating income excludes an $0.9 million restructuring charge related to European operations.EPS of $0.02 per diluted share on a GAAP basis, or
ROSH HA'AIN, Israel, July 19, 2023 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the second quarter ended June 30, 2023 on Tuesday, August 1, 2023, before the market opens. The Company will host a zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on our website at www.ceragon.
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ROSH HA'AIN, Israel, Oct. 22, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the third quarter ended September 30, 2024 on Wednesday, November 13, 2024, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on our website at www.ceragon.com
ROSH HA'AIN, Israel, Aug. 28, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced that management will participate at the Lake Street Capital Markets 8th Annual Best Ideas Growth "Big8" Conference in New York City. Doron Arazi, CEO, will host one-on-one meetings with institutional investors, discussing the company's growth strategy and its effort to unlock operating leverage in its business model. Investors interested in scheduling a meeting with Doron can email their Lake Street representative for more information or contact FNK IR at [email protected]. About the Lake Street "Big8" Conference Lake Street Capital M
Significant Penetration into Private Networks Management Reiterates Full-Year 2024 Outlook ROSH HA'AIN, Israel, Aug. 7, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the second quarter period ended June 30, 2024. Q2 2024 Financial Highlights: Revenues of $96.1 millionOperating income of $10.4 million on a GAAP basis, or $13.1 million on a non-GAAP basisNet Income of $7.8 million on a GAAP basis, and net income of $9.9 million on a non-GAAP basisEPS of $0.09 per diluted share on a GAAP basis, or $0.11 per diluted share on a non-GAAP basisQ2 2024 Business Highlights: India:- Recor
ROSH HA'AIN, Israel, July 24, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on our website at www.ceragon.com wi
Tens of Thousands of Smart Activation Key Licenses Ordered in H1 as Part of Ceragon Equipment Purchases ROSH HA'AIN, Israel, July 23, 2024 /PRNewswire/ -- Ceragon (NASDAQ:CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced a significant milestone in its transition toward a more durable, recurring revenue model. The shift from a hardware-centric business to one that integrates Software as a Service (SaaS) is well underway. This evolution is part of Ceragon's strategy to mitigate the traditional revenue fluctuations associated with cyclical hardware sales. A cornerstone of this strategy is the successful development and deployment of Ceragon's Smart
Ceragon to deliver almost one thousand new E-Band links to leading ISP in 2024 ROSH HA'AIN, Israel, July 9, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced a multi-million-dollar order from a leading American Internet Service Provider (ISP). The deal extends a robust partnership spanning more than half a decade that leverages advanced Siklu by Ceragon technology to deliver broadband internet service across the United States. The ISP is a prominent player with strong brand recognition in the broadband market, focusing on providing high-speed, reliable internet connectivity to residential Multi Dwell
ROSH HA'AIN, Israel, May 30, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of end-to-end wireless connectivity solutions, today announced the appointment of Mr. Robert Wadsworth as a member of its Board of Directors. Mr. Wadsworth is an accomplished venture capitalist and private equity investor who brings extensive M&A experience from the U.S. capital markets. Robert Wadsworth was a founding partner of HarbourVest Partners in 1986, serving as managing director of the firm from 1988 through 2018 and becoming a Senior Advisor in 2019. He continues to provide input and counsel on direct co-investments globally and remains a direc
Strong Demand and Bookings Bolster, Confidence of Continued Growth and Margin Expansion Management Reiterates Full-Year 2024 Outlook ROSH HA'AIN, Israel, May 7, 2024 /PRNewswire/ -- Ceragon Networks Ltd (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today reported its financial results for the first quarter period ended March 31, 2024. Q1 2024 Financial Highlights: Revenues of $88.5 million, up 6.1% year-over-year Operating income of $4.2 million on a GAAP basis, or $7.6 million on a non-GAAP basisNet Income of $0.4 million on a GAAP basis, and net income of $4.7 million on a non-GAAP basisEPS of $0.00 per diluted share on a GAAP basis, or $0.
Ceragon continues to bring innovative wireless connectivity solutions to Private Networks for new and existing customers across the Energy Vertical ROSH HA'AIN, Israel, May 2, 2024 /PRNewswire/ -- Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless solutions, today announced the finalization of several new deals serving the energy industry across multiple regions during Q1 2024. The cumulative deal value is worth nearly USD 10 million, the highest-ever quarterly booking for this sector. These strategic energy deals underscore Ceragon's pivotal role in accelerating digital transformation within the energy industry, enabled by advanced connec
ROSH HA'AIN, Israel, April 24, 2024 /PRNewswire/ --Ceragon Networks Ltd. (NASDAQ:CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the first quarter ended March 31, 2024 on Tuesday, May 7, 2024, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register by clicking here. All relevant information will be sent upon registration. If you are unable to join the live call, a replay will be available on our website at www.cerago
ROTH MKM initiated coverage of Ceragon with a rating of Buy and set a new price target of $4.50
Aegis Capital initiated coverage of Ceragon with a rating of Buy and set a new price target of $6.00
Needham reiterated coverage of Ceragon Networks with a rating of Buy and set a new price target of $4.75 from $4.50 previously
Needham upgraded Ceragon Networks from Hold to Buy and set a new price target of $4.50
Needham upgraded Ceragon Networks from Underperform to Hold
Oppenheimer upgraded Ceragon Networks from Market Perform to Outperform
Oppenheimer upgraded Ceragon from Perform to Outperform and set a new price target of $6.50
Oppenheimer upgraded Ceragon Networks from Market Perform to Outperform
Oppenheimer resumed coverage of Ceragon Networks with a rating of Hold
- SEC Filing
Needham analyst Alex Henderson reiterates Ceragon Networks (NASDAQ:CRNT) with a Buy and maintains $5.25 price target.
Ceragon Networks (NASDAQ:CRNT) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. The company reported quarterly sales of $88.500 million which beat the analyst consensus estimate of $87.410 million by 1.25 percent. This is a 6.10 percent increase over sales of $83.409 million the same period last year.
Needham analyst Alex Henderson reiterates Ceragon Networks (NASDAQ:CRNT) with a Buy and maintains $5.25 price target.
Outlook For 2024, management expects: Revenue of $385 million to $405 million, representing growth of 11% to 17% compared to 2023 revenue. This guidance includes the contribution from Siklu, which was acquired in December 2023. Non-GAAP operating margins are targeted to be at least 10% at the mid-point of the revenue guidance. As a result, management expects increased non-GAAP profit and positive free cash flow for the full year of 2024.