Ceragon Networks (NASDAQ:CRNT) Releases Earnings Results, Beats Expectations By $0.03 EPS

Ceragon Networks (NASDAQ:CRNT) issued its quarterly earnings results on Thursday. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03, FiscalAI reports. Ceragon Networks had a positive return on equity of 2.74% and a negative net margin of 0.95%. The firm had revenue of $95.52 million for the quarter, compared to analyst estimates of $94.40 million.

Here are the key takeaways from Ceragon Networks’ conference call:

• Ceragon reported Q3 revenue of $95.5 million, up 11.7% year over year, while non-GAAP operating margin expanded to 8.5% and EPS rose to $0.07. The company also generated $8.9 million in cash from operating and investing activities and ended the quarter with $32.1 million in net cash.
• Full-year 2026 revenue guidance remains $365 million–$375 million, with the wide range reflecting component supply constraints rather than weak demand; gross margin and operating margin guidance is unchanged at 33.5%–34.5% and 5%–6%, respectively. Management expects supply and component-cost pressures to continue into 2027, and said Q3’s favorable mix may not persist.
• Management sees healthy North American demand and expects EMEA to deliver significant growth in 2027, citing stronger bookings, a growing backlog, and a new Tier 1 operator award. India is expected to remain roughly flat in 2027 based on its two largest customers, with a potential additional carrier RFP offering upside.
• Ceragon is pursuing growth from the Cambium disruption, private-network deployments, and demand for higher-capacity wireless transport. Management said the Cambium opportunity is more imminent, while its broader 2027 growth outlook remains qualitative and dependent in part on execution and supply availability.

Ceragon Networks Stock Performance

Shares of CRNT stock traded up $0.17 during mid-day trading on Friday, reaching $2.28. 1,288,794 shares of the company were exchanged, compared to its average volume of 521,899. The business’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $2.32. Ceragon Networks has a fifty-two week low of $1.85 and a fifty-two week high of $3.29. The company has a market capitalization of $207.24 million, a P/E ratio of -76.00 and a beta of 1.36.

Analyst Upgrades and Downgrades

CRNT has been the topic of a number of research analyst reports. Weiss Ratings lowered Ceragon Networks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, August 19th. Wall Street Zen downgraded shares of Ceragon Networks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Needham & Company LLC raised their price target on shares of Ceragon Networks from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Thursday. Finally, Zacks Research upgraded shares of Ceragon Networks from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.88.

Ceragon Networks News Summary

Here are the key news stories impacting Ceragon Networks this week:

• Positive Sentiment: Q3 results topped estimates. Ceragon reported revenue of $95.5 million, up 11.7% year over year and above the $94.4 million consensus. Non-GAAP EPS was $0.07, beating the $0.04 estimate. Improved revenue mix lifted gross margin by 430 basis points sequentially, and the company generated $14.1 million in cash from operations. Growth included stronger demand in India and a North American rebound. Read More.
• Positive Sentiment: Needham raised its price target and reiterated a Buy rating. The firm lifted its target from $3.00 to $3.50, signaling increased analyst optimism about CRNT’s prospects. Read More.
• Neutral Sentiment: FY 2026 revenue guidance is close to consensus. Ceragon forecast revenue of $365 million to $375 million, a range that includes the $369 million analyst estimate; the guidance therefore does not indicate a clear material surprise versus expectations. Read More.

Ceragon Networks Company Profile

Ceragon Networks Ltd. (NASDAQ: CRNT) is a telecommunications equipment and solutions provider headquartered in Israel. The company develops wireless transport systems that help communications service providers connect mobile networks, broadband infrastructure and other distributed sites without relying solely on fiber-optic connections.

Its product portfolio includes microwave and millimeter-wave radio systems, packet microwave solutions, antennas, network management software and related services.