Pricing Log in Create free account
Friday 6 November 2026 Export CRNT’s income statement to Excel — free account

Ceragon Networks Ltd.

CRNT Technology Communication Equipment

Ceragon Networks Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $338.7 million, down 14.1% from fiscal 2024.

Revenue
+14.2%
EPS
−40.9%
Free cash flow
−65.8%
Total debt
−41.4%

Quarter to June 2026, against a year earlier

2.25 0.14 +6.64%
Market cap
$191.8M
P/E
0.0×
Fwd P/E
68.7×
Dividend yield
—
F-score
4/9
Altman Z
1.21
Beneish M
−3.16
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.03
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 1 — — — — —
Insider Ownership 11.62%

Capital & Financial Ratios $m

Size
Market Cap 191.79
Revenue ttm 346.73
Net income ttm (3.28)
Free cash flow ttm 18.00
Net debt Q (22.77)
Valuation
P/E 0.00
Forward P/E 68.70 (above 35: high)
Price / sales 0.56
Forward P/S Powerpack
Price / FCF 16.17
Price / book 1.12
Financial health
Current ratio Q 1.85 (at or above 1.5: strong)
Debt / equity Q 0.07 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +14.16% (above 0%: growing)
Operating income growth Q −89.31% (below 0%: shrinking)
EPS, this year +20.00% (at or above 15%: strong)
EPS, next year A +57.41% (at or above 15%: strong)
Revenue, next year A +9.08%
EPS, past 5 yrs —
EPS, next 5 yrs A +34.71% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.5×, against a ten-year median of 0.6×; over the ten years it ranged from 0.2× in 2016 to 1.3× in 2021.
P/S against its own 10 years 31.79%
10-year low 10-year high
P/B against its own 10 years 16.13%
10-year low 10-year high
EV/Sales against its own 10 years 17.90%
10-year low 10-year high
EV/FCF against its own 10 years 40.93%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 28 35 38 35
Receivables 121 166 125 126
Inventory 69 60 62 59
Other — — — —
218 261 225 220
2023 2024 2025 Q'26
Payables 67 91 71 74
ST’ Debt 33 25 19 12
Other — — — —
133 151 120 119

Compound Annual Growth %

10y 5y 3y
Sales (0.31%) 5.20% 4.69%
Cash Flow 6.95% 12.85% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 5.33% 3.40% 12.98%

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.00 Actual 0.02

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2025 0.04 0.02 Miss by 0.02
Dec 2025 0.03 0.02 Miss by 0.01
Mar 2026 0.01 0.01 Met by 0.00
Jun 2026 0.00 0.02 Beat by 0.02
Sep 2026 0.04 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.01) (0.02) — — —
’25 (0.01) (0.01) 0.00 0.00 (0.02)
’24 0.00 0.09 0.14 0.04 0.27
’23 0.02 0.02 0.04 (0.01) 0.07
’22 (0.03) (0.02) (0.01) (0.18) (0.23)
’21 (0.01) (0.02) 0.00 (0.15) (0.18)
’20 (0.09) (0.07) 0.02 (0.08) (0.21)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 85 94 — — —
’25 89 82 85 82 339
’24 88 96 103 107 394
’23 83 86 87 90 347
’22 70 71 79 76 295
’21 68 69 76 78 291
’20 56 62 71 74 263
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 7 5 — — —
’25 3 11 7 11 32
’24 7 5 14 1 26
’23 4 3 13 11 31
’22 (2) (3) 9 (9) (5)
’21 (2) (3) (1) (10) (15)
’20 3 7 (3) 11 17
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 4 2 — — —
’25 (1) 5 1 7 14
’24 3 0 11 (3) 10
’23 (1) 0 11 8 18
’22 (5) (6) 4 (11) (17)
’21 (4) (5) (3) (13) (24)
’20 2 4 (4) 9 11
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 294 332 344 286 263 291 295 347 394 339 347 +1.6% 370 393 429 +8.2%
Gross margin, % 33.77 32.33 33.78 33.91 28.78 30.39 31.53 34.53 34.72 33.82 33.69 +0.1 pt
EBT 13 17 20 1 (13) (4) (17) 13 27 1 (1) (27.7%)
EBT margin, % 4.49 5.20 5.76 0.27 (5.13) (1.31) (5.84) 3.67 6.91 0.21 (0.20) (4.3) pt
Net income 11 16 23 (2) (17) (15) (20) 6 24 (2) (3) n/m
Per share, $
Per share, $ Revenue 3.78 4.26 4.38 3.56 3.24 3.49 3.51 4.10 4.57 3.77 3.81 0.0%
Earnings 0.15 0.20 0.29 (0.03) (0.21) (0.18) (0.23) 0.07 0.28 (0.02) (0.03) n/m
Cash flow 0.33 0.22 0.29 (0.16) 0.21 (0.18) (0.06) 0.37 0.30 0.35 0.33 +0.6%
Capex (0.11) (0.13) (0.17) (0.19) (0.08) (0.11) (0.15) (0.15) (0.19) (0.19) (0.13) +7.0%
Free cash flow 0.23 0.09 0.11 (0.35) 0.13 (0.29) (0.21) 0.21 0.11 0.16 0.20 (4.0%)
Book value 1.50 1.72 2.03 2.00 1.80 1.64 1.42 1.58 1.93 1.92 1.89 +2.8%
Shares, m 78 78 79 80 81 83 84 85 86 90 90 +1.6%
Valuation, ×
Valuation, × P/E 20.34 10.77 12.60 0.00 0.00 0.00 0.00 32.12 17.00 0.00 0.00 9.3
P/S 0.78 0.48 0.86 0.59 0.86 0.74 0.56 0.51 1.02 0.56 0.56 0.7
P/B 1.97 1.18 1.86 1.05 1.54 1.57 1.39 1.33 2.42 1.09 1.12 1.5
EV/Sales 0.72 0.48 0.83 0.57 0.79 0.74 0.62 0.53 1.00 0.51 0.50 0.7
EV/FCF 12.06 18.35 32.67 (5.80) 19.20 (8.76) (10.58) 10.28 40.53 14.42 14.44 12.2
Cash, $m
Cash, $m Operating cash flow 26 17 22 (13) 17 (15) (5) 31 26 32 30 +2.3%
Capex (8) (10) (14) (15) (6) (9) (12) (13) (16) (17) (12) +8.8%
Free cash flow 18 7 9 (28) 11 (24) (17) 18 10 14 18 (2.4%)
Balance, $m
Balance, $m Working capital 96 105 115 111 99 88 78 85 110 105 101 +1.0%
Net debt (19) (26) (36) (9) (21) (2) 15 4 (10) (19) (23) 0.0%
Shareholders’ equity 116 134 160 160 146 137 120 134 166 173 172 +4.5%
Returns, %
Returns, % ROA 4.47 6.25 8.59 (0.82) (6.08) (5.25) (6.77) 2.12 7.48 (0.63) (1.02) (5.1) pt
ROIC 12.58 13.39 13.23 3.02 (3.79) 2.23 (5.09) 9.58 15.49 2.95 3.53 (9.6) pt
ROE 10.44 12.44 15.71 (1.47) (11.15) (10.47) (15.33) 4.90 16.02 (1.23) (1.91) (11.7) pt
People
People Employees 903 905 1,115 1,199 1,168 1,345 1,408 1,407 1,056 1,741 — +7.6%
Revenue/emp, $m 0.33 0.37 0.31 0.24 0.23 0.22 0.21 0.25 0.37 0.19 — (5.5%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Ceragon Networks Ltd. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ADTN ADTRAN Holdings, Inc. $336.5M — (loss-making) — (loss-making) +0.62% (above 0%: growing) n/m −713.59% (below 0%: shrinking) 38.49% (0.27%) Compare
BKTI BK TECHNOLOGIES, INC. $242.5M 17.7× 22.7× +10.63% (above 0%: growing) −18.45% (below 0%: shrinking) −85.95% (below 0%: shrinking) 51.86% 16.35% Compare
LTRX Lantronix, Inc. $234.4M — (loss-making) 68.7× +8.03% (above 0%: growing) n/m +89.00% (above 0%: growing) 43.67% (1.26%) Compare
AVNW Aviat Networks, Inc. $218.2M 89.4× 12.8× +4.81% (above 0%: growing) n/m −56.30% (below 0%: shrinking) 30.81% 4.82% Compare
CRNT Ceragon Networks Ltd. $191.8M — (loss-making) 68.7× +14.16% (above 0%: growing) n/m −65.76% (below 0%: shrinking) 31.65% 0.25%
AUDC AudioCodes Ltd. $186.7M 29.2× 39.8× +3.08% (above 0%: growing) +100.00% (above 0%: growing) −15.07% (below 0%: shrinking) 65.70% 5.08% Compare
SILC Silicom Ltd $151.7M — (loss-making) — (loss-making) +71.13% (above 0%: growing) n/m −29.51% (below 0%: shrinking) 30.02% (3.17%) Compare
OCC Optical Cable Corporation $79.2M 30.5× — (loss-making) +21.99% (above 0%: growing) +425.00% (above 0%: growing) +156.41% (above 0%: growing) 37.43% 8.69% Compare
INSG Inseego $67.6M — (loss-making) — (loss-making) −27.52% (below 0%: shrinking) n/m −277.46% (below 0%: shrinking) 33.33% (21.56%) Compare
Median of peers $202.4M 29.9× 31.3× +6.42% +100.00% −42.90% 37.96% 2.28%

All 46 Communication Equipment stocks →

Ceragon Networks Ltd. (CRNT) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat
Impact 3 · · PR Newswire

22 Oct

Impact 3 · · PR Newswire

6 Oct

Impact 4 · · PR Newswire

19 Aug

Impact 3 · · The Motley Fool transcript

11 Aug

Impact 4 · transcript
Impact 3 · · Moby
Impact 3 · · MarketBeat transcript
Impact 3 ·

28 Jul

Impact 4 ·

23 Jul

Impact 3 ·

21 Jul

Impact 4 · · InvestorsHub
Impact 4 ·

15 Jul

Impact 3 ·

31 May

Impact 3 · · Insider Monkey

20 May

Impact 3 · · GuruFocus.com transcript
Impact 3 · · Moby transcript

19 May

Impact 3 · · MarketBeat
Impact 3 · · PR Newswire

5 May

Impact 4 · · PR Newswire

24 Feb

Impact 3 · · Insider Monkey

18 Feb

Impact 3 · · GuruFocus.com

17 Feb

Impact 4 · · The Motley Fool transcript
Impact 4 · · Moby
Impact 4 · · MarketBeat
Impact 4 · · Zacks
Impact 4 · · PR Newswire

11 Feb

Impact 3 ·

3 Feb

Impact 3 · · Zacks
stockrow.com/CRNT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com