Ceragon Networks
Supplies wireless transport equipment, network management software, and services for operators and private networks.
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Profile
Sells microwave and millimeter-wave equipment, network-management software, and delivery services to cellular operators, service providers, and private networks. The business combines direct sales with systems integrators, distributors, and OEMs across an international operating footprint.
Wireless transport equipment, network-management software, and delivery services support the buildout and evolution of 4G and 5G networks. The IP-50 and PointLink platforms, Intelligent Network Management, and Siklu by Ceragon product line form the current portfolio.
Cellular operators, other service providers, and private-network owners buy through a direct sales force as well as systems integrators, distributors, and OEMs. Planning, deployment, maintenance, and support services extend the equipment offer across an international operating footprint.
Recent additions brought millimeter-wave wireless fiber, point-to-multipoint capability, and systems-integration and software-development work for private networks. Demand is shaped by operator and service-provider capital spending, international delivery and support, and competition from broad telecom-equipment providers and transport specialists.
Company facts
Key statistics
Year to date −4.6% · Average volume (30d) 625.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior target | Target |
|---|---|---|---|---|
| May 20, 2026 | Craig-Hallum | Target | $5 | $4 |
| May 19, 2026 | Roth Capital | Target | $4.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 11, 2026Q2 FY26 | $0.00 | $0.02 | — | $86.4M | $93.9M | +8.6% | +3.79% |
| May 19, 2026Q1 FY26 | $0.01 | $0.01 | 0.0% | $80.4M | $85.0M | +5.8% | −1.98% |
| Feb 17, 2026Q4 FY25 | $0.03 | $0.02 | −33.3% | $82.1M | $82.3M | +0.3% | +3.15% |
| Nov 11, 2025Q3 FY25 | $0.04 | $0.02 | −50.0% | $86.2M | $85.5M | −0.8% | −3.42% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $88.7M | $82.3M | $85.5M | $82.3M | $85.0M | $93.9M | |
| Gross profit | $29.1M | $28.2M | $29.4M | $27.7M | $30.1M | $29.7M | |
| Operating income | −$1.1M | $2.4M | $3.8M | $1.7M | $2.1M | $237.0K | |
| Net income | −$980.0K | −$1.3M | $28.0K | $129.0K | −$1.3M | −$2.1M | |
| Diluted EPS | −$0.01 | −$0.01 | $0.00 | $0.00 | −$0.01 | −$0.02 | |
| Gross margin | 32.8% | 34.2% | 34.3% | 33.6% | 35.4% | 31.7% | |
| Operating margin | -1.2% | 3.0% | 4.4% | 2.1% | 2.5% | 0.3% |
Fiscal years (4-quarter sums)FY21 $290.8M · FY22 $295.2M · FY23 $347.2M · FY24 $394.2M · FY25 $338.7M
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $34.8M · Total debt $28.8M · Total assets $313.8M · Shareholders' equity $172.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 90.89M · Float 79.21M · 87.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Joseph D. Samberg | 9.43M | 11.00% | 13D | Feb 27, 2025 |
| First Wilshire Securities Management Inc | 4.81M | 5.29% | 13F | Aug 14, 2026 |
| CSM Advisors, LLC | 2.48M | 2.73% | 13F | Aug 14, 2026 |
| Arrowstreet Capital, Limited Partnership | 1.56M | 1.72% | 13F | Aug 13, 2026 |
| Private Advisor Group, LLC | 1.42M | 1.56% | 13F | Jul 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Efrat Makov | director | −5,000 | $2.99 |
| May 22, 2026 | Efrat Makov | director | −6,667 | $2.65 |
Peers
- Ericsson (ADR)
Mobile transport and microwave-radio rival for operator backhaul
- Nokia (ADR)
Microwave-transport peer across 5G backhaul and E-Band
- Aviat Networks
Specialist in microwave transport, access, and private-network links
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ceragon Networks | $2.12 | +1.44% | $190.0M | — | 13.3 | 0.5 | +14.2% |
| Ericsson (ADR) | $9.91 | −0.35% | $32.67B | 12.9 | 20.2 | 1.4 | −6.7% |
| Nokia (ADR) | $10.18 | −0.29% | $55.14B | 71.4 | 24.3 | 2.5 | +2.3% |
| Aviat Networks | $20.00 | −0.45% | $258.8M | 103.9 | 6.8 | 0.6 | +7.3% |
| Median | 71.4 | 20.2 | 1.4 | +2.3% |





