Ceragon Networks Ltd logo

Ceragon Networks Ltd(CRNT)

upturn advisory logo
EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$2
10/23/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for CRNT

10/23/2026: CRNT (1-star) is currently NOT-A-BUY. Pass it for now.

Ceragon Networks Ltd is a specialized provider of wireless backhaul and fronthaul solutions, crucial for supporting the global expansion of 5G and private network infrastructure. The company’s primary strength lies in its focused, high-performance hardware platforms, such as the IP-20 and IP-50, which are well-regarded by tier-1 operators. Its key growth opportunity stems from the ongoing densification of 5G networks and enterprise adoption of private wireless connectivity. Investors must weigh these prospects against risks, including intense competition from large, integrated infrastructure vendors and the cyclical nature of telecom capital expenditure. The stock is best suited for growth-oriented investors who monitor global network deployment trends closely.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitCeragon offers potential growth tied to 5G infrastructure, though it is subject to the cyclicality of telecom capital spending.
Momentum investorMixed fitThe stock can exhibit momentum during network upgrade cycles, but requires a positive technical upturn signal.
Value investorMixed fitValuation is often tied to market sentiment regarding the telecommunications sector rather than deep value metrics.
Dividend investorWeak fitThe company does not pay a dividend as it prioritizes capital for growth and innovation.
Low-risk investorWeak fitThe stock experiences significant price volatility linked to sector-wide demand and macroeconomic conditions.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock's dependence on cyclical telecom spending causes frequent price fluctuations.
Valuation riskMediumMarket pricing of the stock is highly sensitive to shifts in projected 5G infrastructure investment.
Competition risk (Telecom Infrastructure)HighCompetition from large, diversified entities like Nokia and Ericsson creates pricing pressure.
Business qualityMediumThe business relies heavily on project-based revenues from a concentrated customer base.
Dividend incomeLow / noneThere is no dividend payout, making the stock unsuitable for income-focused portfolios.
Execution riskMediumSuccessful long-term performance depends on navigating global supply chains and operator capital expenditure cycles.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 21.54%
Avg. Invested days 40
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/23/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CRNT receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
CRNT has moderate overall fundamentals (3 stars), with moderate financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, growth and ownership metrics are mixed: negative earnings growth (-108.7%), soft cash generation (FCF margin 4.2%), negative revenue growth (-14.1%).

Financial Health Rating

★★★★★
CRNT's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 33.1%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is CRNT's strongest growth driver at +45.2% FY2025 versus FY2024 (strong, 5 stars). By comparison, while revenue growth (-14.1%, negative) and earnings growth (-108.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 23.2% and approximately 87.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 14.56% supports management-shareholder alignment.

Top 5 Institutional Investors

First Wilshire Securities Mgmt Inc (CA) 5.27%
CSM Advisors, LLC 2.72%
Arrowstreet Capital Limited Partnership 1.71%
Private Advisor Group, LLC 1.55%
Marshall Wace Asset Management Ltd 1.07%

Unit Economics (Per $1K Revenue)

★★★★★
CRNT generates approximately $338 of gross profit, $33 of operating income, and $42 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Soft margins explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 395.20%

Quantitative Style Profile

★★★★★
CRNT has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 182.56M USD
Price to earnings Ratio -
1Y Target Price 4.83
Price to earnings Ratio -
1Y Target Price 4.83
Volume (30-day avg) 344.1K shares
Beta 1.33
52 Weeks Range 1.85 - 3.29
Updated Date 10/25/2026
52 Weeks Range 1.85 - 3.29
Updated Date 10/25/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.04

How Company Makes Money

Business areaWhat it includesRetail investor read
Wireless Transport EquipmentSale of microwave and millimeter-wave radios (IP-20/IP-50 platforms).This is the core hardware revenue driving company growth.
Professional ServicesNetwork design, installation, and managed maintenance services.Provides recurring revenue and deeper integration with customers.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

Advertisement

Valuation

Trailing PE -
Forward PE 17.99
Enterprise Value 190.73M
Price to Sales(TTM) 0.53
Enterprise Value 190.73M
Price to Sales(TTM) 0.53
Enterprise Value to Revenue 0.57
Enterprise Value to EBITDA 9.69
Shares Outstanding 91.28M
Shares Floating 79.49M
Shares Outstanding 91.28M
Shares Floating 79.49M
Percent Insiders 14.56
Percent Institutions 23.18

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

Form CRS provides a relationship summary of our automated advisory services, flat subscription fees, and conflicts of interest. Form ADV Part 2A brochure contains complete details on services, billing, and disclosures. If any summary differs from our current regulatory filings, the filed Form ADV controls.