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Ceragon Networks Ltd (CRNT)


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Upturn Advisory Summary
10/22/2025: CRNT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $4.75
1 Year Target Price $4.75
2 | Strong Buy |
2 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 34.48% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 219.33M USD | Price to earnings Ratio 16.27 | 1Y Target Price 4.75 |
Price to earnings Ratio 16.27 | 1Y Target Price 4.75 | ||
Volume (30-day avg) 4 | Beta 1.16 | 52 Weeks Range 1.82 - 5.73 | Updated Date 10/21/2025 |
52 Weeks Range 1.82 - 5.73 | Updated Date 10/21/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.15 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 3.57% | Operating Margin (TTM) 2.97% |
Management Effectiveness
Return on Assets (TTM) 6.2% | Return on Equity (TTM) 8.62% |
Valuation
Trailing PE 16.27 | Forward PE 10.17 | Enterprise Value 218677527 | Price to Sales(TTM) 0.58 |
Enterprise Value 218677527 | Price to Sales(TTM) 0.58 | ||
Enterprise Value to Revenue 0.57 | Enterprise Value to EBITDA 6.63 | Shares Outstanding 89889969 | Shares Floating 72032428 |
Shares Outstanding 89889969 | Shares Floating 72032428 | ||
Percent Insiders 13.85 | Percent Institutions 20.51 |
Upturn AI SWOT
Ceragon Networks Ltd

Company Overview
History and Background
Ceragon Networks Ltd. was founded in 1996. It has evolved to become a provider of wireless transport solutions, focusing on 5G and rural broadband.
Core Business Areas
- Wireless Transport Solutions: Provides wireless transport solutions including microwave and millimeter wave technology that supports 5G and other high bandwidth applications.
- Services: Offers professional services including network planning, deployment, and support to ensure optimal network performance.
Leadership and Structure
Doron Arazi is the current CEO. The company has a hierarchical organizational structure with regional sales and support teams.
Top Products and Market Share
Key Offerings
- IP-20 Platform: A leading wireless transport platform providing high capacity microwave and millimeter wave solutions. Competitors: Ericsson, Nokia, Huawei. Market Share data is difficult to obtain precisely, but it is estimated that Ceragon captures a meaningful portion of the market for wireless backhaul solutions, and are gaining market share rapidly since 2023
- FiberAir: A platform that combines fiber and wireless technologies for hybrid network solutions.Competitors: Ericsson, Nokia, Huawei. Market Share data is difficult to obtain precisely, but it is estimated that Ceragon captures a meaningful portion of the market for wireless backhaul solutions.
Market Dynamics
Industry Overview
The wireless transport industry is driven by the increasing demand for bandwidth, especially with the rollout of 5G and the need for rural broadband connectivity.
Positioning
Ceragon is positioned as a specialist in wireless transport, competing with larger infrastructure providers like Ericsson and Nokia. Its competitive advantage lies in its focused expertise and solution flexibility.
Total Addressable Market (TAM)
The TAM for wireless transport is estimated to be in the billions of dollars. Ceragon is focusing on capturing a larger share of this market by offering cost-effective and efficient solutions.
Upturn SWOT Analysis
Strengths
- Specialized expertise in wireless transport
- Agile and flexible solutions
- Strong focus on 5G backhaul
- Competitive pricing
Weaknesses
- Smaller size compared to major competitors
- Limited brand recognition
- Dependence on key suppliers
- Weaker balance sheet than many of its competitors
Opportunities
- Growing demand for 5G infrastructure
- Expansion into new geographies
- Partnerships with telecom operators
- Government subsidies for rural broadband
Threats
- Intense competition from larger players
- Technological obsolescence
- Economic downturns affecting capital expenditure
- Geopolitical Risks
Competitors and Market Share
Key Competitors
- ERIC
- NOK
- HUAWEI (Private)
Competitive Landscape
Ceragon faces stiff competition from larger, more established players. However, it offers specialized solutions and competitive pricing, which provides an advantage in certain market segments.
Major Acquisitions
Siklu (Rumored, never finalized)
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Expanding product portfolio in millimeter wave solutions to better compete in the wireless transport market.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by the adoption of wireless transport solutions by telecom operators.
Future Projections: Future growth is projected to be driven by 5G deployments and increasing demand for broadband in rural areas.
Recent Initiatives: Recent initiatives include partnerships with telecom operators, new product launches, and geographic expansion.
Summary
Ceragon Networks is a company that offers wireless transport solutions. A lot of it has to do with their focus on 5G and rural broadband connectivity. Ceragon's agile solutions and specialized expertise are its strength, however it needs to improve it brand recognition. Ceragon also has competitive pricing. Future success depends on effectively capturing new market segments and solidifying their position in the wireless infrastructure market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings (where available)
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ceragon Networks Ltd
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2000-08-04 | President & CEO Mr. Doron Arazi | ||
Sector Technology | Industry Communication Equipment | Full time employees 1056 | Website https://www.ceragon.com |
Full time employees 1056 | Website https://www.ceragon.com |
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.

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