Ceragon Reports 2025 Third Quarter Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
0mins
Source: PRnewswire
Financial Performance: Ceragon reported Q3 2025 revenues of $85.5 million, with a GAAP operating income of $3.8 million and a non-GAAP net income of $1.7 million, reflecting a decline from the previous year but maintaining positive cash flow.
Market Momentum: The company experienced strong revenue growth in North America and renewed purchasing activity in India, alongside the initiation of a significant smart city project in Latin America, indicating improved market visibility.
Technological Advancements: Ceragon completed multiple E-band deployments with major operators, showcasing its capabilities in delivering high-capacity, resilient wireless connectivity solutions, which are increasingly in demand due to rising network utilization.
Future Outlook: Management anticipates full-year 2025 revenues of approximately $340 million, with expectations for continued growth into 2026, driven by trends in network capacity and resilience, particularly in the context of AI and 5G technologies.
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Analyst Views on CRNT
Wall Street analysts forecast CRNT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRNT is 3.25 USD with a low forecast of 3.00 USD and a high forecast of 3.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.290
Low
3.00
Averages
3.25
High
3.75
Current: 2.290
Low
3.00
Averages
3.25
High
3.75
About CRNT
Ceragon Networks Ltd. offers wireless backhaul solutions. The Company's products include FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform and Network Management. The Company provides its services to wireless service providers, public safety organizations, government agencies and utility companies, among others. Its solutions are deployed by over 460 service providers, as well as a range of private network owners, in over 130 countries. The Company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. The FibeAir IP-20 platform includes product categories, such as shorthaul-access and shorthaul-aggregation. The FibeAir IP-20 Assured platform includes product categories, such as shorthaul-access, shorthaul-aggregation, small cells, longhaul and enterprise access. Its NetMaster is a Network Management System (NMS), which is designed for managing large-scale wireless backhaul networks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ceragon Projects 2026 Revenue Between $355 Million and $385 Million
- Fourth Quarter Revenue Expectation: Ceragon anticipates fourth quarter revenue between $81 million and $83 million, primarily due to a large North American customer deferring certain deliveries to 2026, which has not led to order cancellations but rather increased the backlog exiting 2025.
- 2026 Revenue Guidance: The company projects 2026 revenue between $355 million and $385 million, supported by expanding opportunities in North America and India, continued growth in private networks, and new product introductions, indicating strong market demand and growth potential.
- Backlog Growth: The backlog in North America nearly doubled compared to the end of 2024, demonstrating robust market demand despite delivery delays, which lays a solid foundation for future revenue growth.
- Strategic Development Direction: Ceragon's CEO stated that the company is executing a clear growth strategy aimed at improving business consistency and resilience, ensuring sustainable growth in 2026 through adjustments in product development, sales coverage, and geographic focus.
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Ceragon Projects 2026 Revenue of $355 to $385 Million Amid Delivery Deferrals
- Fourth Quarter Revenue Outlook: Ceragon anticipates fourth quarter revenue between $81 million and $83 million, primarily due to a large North American customer's deferral of certain deliveries into 2026, which has increased the backlog exiting 2025 without any expected order cancellations.
- 2026 Revenue Guidance: The company projects 2026 revenue of $355 million to $385 million, supported by expanding opportunities in North America and India, as well as continued traction in private networks, indicating a strategic focus on diversifying revenue streams.
- Backlog Growth: CEO Doron Arazi noted that the backlog in North America nearly doubled compared to the end of 2024, reflecting strong market demand and effective strategies in product development and sales coverage.
- Strategic Development Direction: Ceragon is focused on building a more resilient and scalable growth profile by introducing new products aligned with market needs, thereby enhancing its competitive position in future markets.
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