Ceragon Networks (NASDAQ:CRNT) Posts Quarterly Earnings Results, Meets Estimates

Ceragon Networks (NASDAQ:CRNT) announced its quarterly earnings data on Tuesday. The communications equipment provider reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01, FiscalAI reports. The firm had revenue of $85.00 million during the quarter, compared to analyst estimates of $80.36 million. Ceragon Networks had a positive return on equity of 3.52% and a negative net margin of 0.62%.

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

• Ceragon said Q1 revenue was $85 million, with non-GAAP EPS of $0.01 and positive free cash flow of $2.8 million, describing the quarter as a solid start to 2026.
• India momentum remained very strong, including about $86 million in bookings announced for leading operators, and management said the region now gives them confidence that their roughly $100 million revenue floor for India in 2026 is secure or could be exceeded.
• The company reiterated full-year 2026 revenue guidance of $355 million to $385 million and said the North America revenue delayed by a component issue is a timing shift from Q2 into Q3, not a demand problem.
• Management warned that Q2 gross margins will likely face pressure because of an unusually high mix of lower-margin India revenue, along with broader cost headwinds such as rising memory, copper, freight, and foreign exchange pressures.
• Ceragon highlighted encouraging progress in North America and Europe, including a successful FR2 proof-of-concept with a major tier-1 carrier and stronger customer interest in Europe following Nokia’s wireless transmission divestiture, which management said should support orders later in 2026.

Ceragon Networks Stock Performance

NASDAQ:CRNT opened at $2.53 on Wednesday. The company has a market cap of $229.95 million, a PE ratio of -126.50 and a beta of 1.32. The stock has a 50-day simple moving average of $2.39 and a 200 day simple moving average of $2.27. Ceragon Networks has a 52-week low of $1.82 and a 52-week high of $2.84.

Institutional Trading of Ceragon Networks

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Ceragon Networks during the 2nd quarter worth approximately $26,000. Walleye Capital LLC bought a new stake in shares of Ceragon Networks during the 4th quarter worth approximately $27,000. HRT Financial LP raised its stake in shares of Ceragon Networks by 44.3% during the 4th quarter. HRT Financial LP now owns 19,660 shares of the communications equipment provider’s stock worth $41,000 after purchasing an additional 6,039 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Ceragon Networks during the 4th quarter worth approximately $64,000. Finally, Virtu Financial LLC bought a new stake in shares of Ceragon Networks during the 4th quarter worth approximately $102,000. Institutional investors and hedge funds own 13.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRNT. Lake Street Capital started coverage on shares of Ceragon Networks in a report on Tuesday, March 31st. They set a “buy” rating and a $3.50 target price for the company. Roth Mkm reissued a “buy” rating and issued a $4.50 target price on shares of Ceragon Networks in a research note on Tuesday. Zacks Research upgraded Ceragon Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings lowered Ceragon Networks from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ceragon Networks presently has an average rating of “Hold” and a consensus price target of $3.67.

Ceragon Networks Company Profile

Ceragon Networks Ltd. is a global provider of wireless backhaul solutions, specializing in high-capacity, low-latency connectivity for mobile operators and private networks. The company designs and manufactures a portfolio of microwave and millimeter-wave equipment that serves as a fiber alternative for carrying voice, data and video traffic between cell sites and core networks. Ceragon’s solutions are engineered to support the rigorous performance requirements of modern 4G and 5G deployments, with an emphasis on scalability, reliability and efficient spectrum utilization.

The company’s product lineup includes point-to-point and multi-point radio platforms, as well as software-driven network management tools that enable operators to plan, deploy and monitor end-to-end transport networks.