Ceragon Networks (NASDAQ:CRNT) Stock, Quote.Headers.trade-ideas

Ceragon Networks

Ceragon Networks Ltd is a wireless transport company in terms of unit shipments and global distribution of its business, providing high-capacity wireless connectivity solutions to global markets across various industries, mainly wireless (mobile) networks service providers. Geographically the company generates the major revenue from India. The company also has presence in North America, Europe, Africa, Asia-Pacific and Middle East, and Latin America. The company's products include IP-50 Platform, IP-20 Platform, Pointlink.

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CRNT

Ceragon Networks Ltd (NASDAQ: CRNT) shares are trading higher after it disclosed a deal with a global integrator for around $150 million to support a network modernization project for a 

Why 5G Wireless Transport Solutions Provider Ceragon Shares Are Up Today

Earnings

Guidance

Ceragon Networks Ltd (NASDAQ: CRNT) reported a third-quarter FY23 revenue increase of 10.9% year-on-year to $87.3 million, beating the consensus of $84.5 million. 

Ceragon Networks&#39; Outlook Soars As Anticipated Siklu Deal Catalyzes Revenue Surge

Ceragon Networks Ltd (NASDAQ: CRNT) reported a second-quarter FY23 revenue increase of 21.9% year-on-year to $86.2 million, beating the 

Ceragon Networks Stock Soars On Q2 Performance, Raises Full-Year Outlook

Ceragon Networks Ltd

Needham analyst Alex Henderson reiterates Ceragon Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNT#NASDAQ">CRNT</a>) with a Buy and maintains $5.25 price target.

Price Target

Reiteration

Analyst Ratings

Needham Reiterates Buy on Ceragon Networks, Maintains $5.25 Price Target

Outlook
Management reiterated its 2024&nbsp;outlook:
<ul>
<li>Revenue of&nbsp;$385 million&nbsp;to&nbsp;$405 million, representing growth of&nbsp;11%&nbsp;to&nbsp;17%&nbsp;compared to 2023 revenue. This&nbsp;guidance&nbsp;includes the contribution from&nbsp;Siklu, which was acquired in&nbsp;December 2023.</li>
<li>Non-GAAP operating margins are targeted to be at least&nbsp;10%&nbsp;at the mid-point of the revenue&nbsp;guidance.</li>
<li>As a result, management expects increased non-GAAP profit and positive free cash flow for the full year of 2024.</li>
</ul>

Ceragon Networks Reiterated FY24 Revenue Of $385M-$405M Vs $394.72M Est

Earnings Beats

Earnings Misses

Ceragon Networks Q2 2024 Adj. EPS $0.11 Beats $0.06 Estimate, Sales $96.088M Miss $96.112M Estimate

Contracts

General

Ceragon Networks Receives Multi-Million-Dollar Order From An American Internet Service Provider (ISP) To Expand Network Coverage

Ceragon Networks Partners With LEAF For Flexible Financing

Financing

Ceragon Networks Has Reached An Agreement To Collect A Debt From A South American Customer; Expects To Receive A Total Of $12M In Three Installments

WIIM

Ceragon Networks shares are trading lower. The company reported Q1 financial results.

Ceragon Networks Reiterates FY24 Revenue $385M-$405M Vs $394.127M Est.

Ceragon Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNT#NASDAQ">CRNT</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. The company reported quarterly sales of $88.500 million which beat the analyst consensus estimate of $87.410 million by 1.25 percent. This is a 6.10 percent increase over sales of $83.409 million the same period last year.

Ceragon Networks Q1 2024 Adj EPS $0.05 Beats $0.04 Estimate, Sales $88.500M Beat $87.410M Estimate

Ceragon Networks Announced The Finalization Of Several New Deals Serving The Energy Industry Across Multiple Regions During Q1 2024. The Cumulative Deal Value Is Worth Nearly $10M, The Highest-ever Quarterly Booking For This Sector

Outlook
For 2024, management expects:
<ul>
<li>Revenue of&nbsp;$385 million&nbsp;to&nbsp;$405 million, representing growth of&nbsp;11%&nbsp;to&nbsp;17%&nbsp;compared to 2023 revenue. This&nbsp;guidance&nbsp;includes the contribution from Siklu, which was acquired in&nbsp;December 2023.</li>
<li>Non-GAAP operating margins are targeted to be at least&nbsp;10%&nbsp;at the mid-point of the revenue&nbsp;guidance.</li>
<li>As a result, management expects increased non-GAAP profit and positive free cash flow for the full year of 2024.</li>
</ul>

Ceragon Networks Expects 2024 Revenue of $385M-$405M Vs $392.84M Est, Positive Free Cash Flow

Ceragon Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNT#NASDAQ">CRNT</a>) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $0.03 by 33.33 percent. The company reported quarterly sales of $90.36 million which beat the analyst consensus estimate of $84.78 million by 6.58 percent. This is a 19.63 percent increase over sales of $75.53 million the same period last year.

Ceragon Networks Q4 Adj EPS $0.04 Beats $0.03 Estimate, Sales $90.36M Beat $84.78M Estimate

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Earnings Scheduled For February 20, 2024

Ceragon Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRNT#NASDAQ">CRNT</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-20. Here's what investors need to know before the announcement.
Analysts estimate that Ceragon Networks will report an earnings per share (EPS) of $0.03. 
Ceragon Networks bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 2.33% drop in the share price the next day.
Here's a look at Ceragon Networks's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.03</td>
<td>0.01</td>
<td>-0.01</td>
<td>0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.06</td>
<td>0.05</td>
<td>0.04</td>
<td>0</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.33%</td>
<td>-2.75%</td>
<td>-4.28%</td>
<td>1.56%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708362074_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Ceragon Networks were trading at $2.68 as of February 15. Over the last 52-week period, shares are up 46.84%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/CRNT/earnings">To track all earnings releases for Ceragon Networks visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Ceragon Networks

Ceragon Networks Ltd&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crnt#NASDAQ">CRNT</a>) shares are trading higher after it disclosed a deal with a global integrator for around $150 million to support a network modernization project for a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/24/01/n36589990/ceragon-signs-an-agreement-with-a-global-integrator-valued-at-approximately-150-million-to-moderni" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Tier 1 Operator in India.&nbsp;</a>
This customer of Ceragon will be the first to deploy its newest solutions. The agreement consists of planning, product delivery, deployment services, and a multi-year contract for Managed Services that covers day-to-day monitoring, management, and maintenance oversite of the microwave and mmW (millimeter wave) network.&nbsp;
Ceragon is expected to begin delivering and deploying the new sites in the second quarter of 2024, which will be completed within 7-9 quarters, with approximately 75% of the project value expected to be recognized in this timeframe.&nbsp;
The remaining about 25% of the contract value is for Managed Services &amp; Maintenance and is expected to start being recognized within a year from deployment, respectively.
&quot;The scale and scope of this project reaffirms Ceragon&#39;s strong brand recognition as an innovative and trustworthy partner in the wireless transport space. We are excited to take part in providing the citizens of India with the future-friendly connectivity they need,&quot; said Doron Arazi, CEO.
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/11/35617341/ceragon-networks-outlook-soars-as-anticipated-siklu-deal-catalyzes-revenue-surge" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Ceragon Networks&#39; Outlook Soars As Anticipated Siklu Deal Catalyzes Revenue Surge</a>
Price Action: CRNT shares are up 6.19% at $2.48 on the last check Thursday.

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Ceragon Networks Ltd. (CRNT) Q2 2024 Earnings Call Transcript

Analyst Alex Henderson of Needham maintained a Buy rating on Ceragon Networks (CRNT – Research Report), with a price target of $5.25. Alex Henderso...

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Opinion

Press Releases

Thinking about buying stock in Ocugen, Ceragon Networks, Gannett, Altimmune, or Nio?

Ceragon Networks to Announce First Quarter 2024 Financial Results and Host Investor Conference Call on May 7, 2024

Commodities

Ceragon Records Nearly $10 Million Quarter Booking for Energy Sector

CERAGON NETWORKS REPORTS 2024 FIRST QUARTER FINANCIAL RESULTS

Ceragon Names Robert Wadsworth to its Board of Directors

Leading American ISP Orders Siklu by Ceragon E-Band Product in Multi-Million Dollar Deal to Expand Network Coverage

Ceragon's New Smart Activation Key Software Gains Significant Adoption, Enabling SaaS Models and Recurring Revenue Streams

Ceragon to Announce Second Quarter 2024 Financial Results and Host Investor Conference Call on August 7, 2024

Ceragon Reports 11.5% Increase in Quarterly Revenue, GAAP EPS of $0.09 Per Share in the Second Quarter

Ceragon to Participate at Lake Street Best Ideas Growth Conference on September 12, 2024

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Needham

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Ceragon Networks

Ceragon Networks (CRNT) Forecast

Ceragon Networks (NASDAQ:CRNT) Stock, Quote.Headers.trade-ideas