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

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

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

Shares of CRNT traded up $0.09 on Tuesday, reaching $2.60. The stock had a trading volume of 867,857 shares, compared to its average volume of 484,769. Ceragon Networks has a 12-month low of $1.82 and a 12-month high of $2.84. The firm has a market capitalization of $235.86 million, a price-to-earnings ratio of -129.75 and a beta of 1.32. The company has a 50-day simple moving average of $2.38 and a 200-day simple moving average of $2.27.

Institutional Trading of Ceragon Networks

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in Ceragon Networks during the 2nd quarter valued at about $26,000. Walleye Capital LLC purchased a new position in Ceragon Networks in the 4th quarter worth approximately $27,000. HRT Financial LP lifted its position in Ceragon Networks by 44.3% in the 4th quarter. HRT Financial LP now owns 19,660 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 6,039 shares in the last quarter. Verition Fund Management LLC purchased a new stake in Ceragon Networks during the 4th quarter valued at $64,000. Finally, Virtu Financial LLC bought a new stake in shares of Ceragon Networks in the 4th quarter worth $102,000. Hedge funds and other institutional investors own 13.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded Ceragon Networks from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, April 20th. Lake Street Capital began coverage on Ceragon Networks in a research note on Tuesday, March 31st. They issued a “buy” rating and a $3.50 price target on the stock. Finally, Zacks Research upgraded Ceragon Networks from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $3.50.

About Ceragon Networks

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.