CRNT

Earnings Release Announcement: Ceragon Networks will release its first-quarter earnings results on May 7, 2025, before the market opens, followed by a Zoom conference call at 8:30 a.m. ET for discussion and Q&A.

Company Overview: Ceragon is a leading provider of end-to-end wireless connectivity solutions, specializing in transport, access, and AI-powered services, serving over 600 service providers and 1,600 private network owners globally.

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Craig-Hallum's Coverage of Ceragon Networks: Craig-Hallum has initiated coverage of Ceragon Networks (CRNT) with a Buy rating and a price target of $5, citing an attractive entry point following a recent selloff and optimism for recovery in the second half of 2025.

Market Position and Financial Outlook: The firm notes early signs of improving investments in wireless transport network backhaul infrastructure, highlighting that Ceragon's shares are undervalued at current levels based on projected earnings for 2025 and 2026.

Ceragon's Participation in Conference: Ceragon Networks' CEO, Doron Arazi, will attend the 37th Annual Roth Conference from March 16-18, 2025, where he will be available for one-on-one meetings with investors.

About Ceragon: Ceragon is a leading provider of wireless connectivity solutions, specializing in high-capacity and reliable services for various sectors, including telecommunications and public safety, with a global presence in over 130 countries.

New Product Launch: Ceragon has introduced innovative products including the IP-100E, IP-50GP, and EtherHaul 8020FX at Mobile World Congress 2025, aimed at enhancing wireless connectivity solutions for both core and private networks.

Commitment to Innovation: CEO Doron Arazi emphasized Ceragon's focus on reducing costs per gigabit while improving user experiences, showcasing their dedication to evolving connectivity technologies and expanding market opportunities.

Earnings Report: Ceragon Networks Ltd reported a fourth-quarter 2024 adjusted EPS of 9 cents, missing estimates by 10%, despite a 125% year-over-year increase. Revenues rose 18.3% to $106.9 million, surpassing expectations and reaching the highest level since 2014.

Market Position and Challenges: The company is focusing on high-growth areas like millimeter-wave products and private networks, with significant demand in India. However, it faces challenges such as a slowdown in public network domains outside India, intense competition, and foreign exchange fluctuations, leading to a recent decline in stock performance.

Financial Performance: Ceragon Networks reported significant revenue growth in Q4 and FY2024, with a 18.3% increase in quarterly revenue to $106.9 million and a full-year revenue of $394.2 million, marking the highest levels since 2012. Despite a decrease in North American revenue, management remains optimistic about future growth and profitability.

Market Position and Analyst Outlook: The stock trades at a relative discount compared to peers, presenting a potential buying opportunity for investors. Analysts have issued bullish ratings, with an average price target suggesting a potential upside of over 90%, bolstered by a successful acquisition that enhances Ceragon's service offerings.

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Price Target Adjustment: Roth MKM has reduced the price target for Ceragon Networks (CRNT) from $6 to $5 while maintaining a Buy rating, citing limited near-term visibility affecting the company's outlook despite generally in-line Q4 results.

Revenue and EPS Forecasts: The analyst has also lowered revenue and EPS forecasts for Ceragon Networks for 2025 and 2026 due to the current market conditions.

Stock Performance and Earnings Reports: Coca-Cola, Shopify, DuPont, and Intel reported positive Q4 earnings, while Elliott disclosed a significant investment in Phillips 66. SelectQuote and Travere Therapeutics also saw gains after reporting strong results and guidance.

Market Movements and Analyst Ratings: Peloton received an upgrade to Buy due to cost-cutting measures, while Snap was downgraded amid competition concerns. Meta is exploring an acquisition of FuriosaAI, and Apple plans a major overhaul of the iPhone SE.

Financial Performance: Ceragon reported a record revenue of $106.9 million for Q4 2024, marking an 18.3% increase year-over-year, with full-year revenues reaching $394.2 million, the highest since 2012. The company also achieved significant operating and net income growth, indicating strong financial health.

Market Expansion and Outlook: The company is expanding its presence in India and has seen improved bookings in North America, while preparing to launch new products in 2025. Despite some uncertainties in the market, Ceragon remains optimistic about growth and profitability in the upcoming year.

Ceragon Acquires End 2 End Technologies: Ceragon has completed the acquisition of End 2 End Technologies, enhancing its capabilities in private networks, particularly within the Energy and Utilities sectors in North America.

Financial Impact and Future Expectations: The acquisition is expected to positively impact Ceragon's non-GAAP earnings by the second half of 2025, leveraging End 2 End's expertise in radio frequency communications and system integration.

Acquisition Announcement: Ceragon has acquired End 2 End Technologies, enhancing its capabilities in private networks, particularly within the Energy and Utilities sectors in North America.

Financial Impact: The acquisition is expected to positively affect Ceragon's non-GAAP earnings by the second half of 2025, aligning with previously disclosed expectations.

Earnings Release Announcement: Ceragon Networks will release its earnings results for Q4 and the full year ending December 31, 2024, on February 11, 2025, before market opening, followed by a Zoom conference call at 8:30 a.m. ET.

Company Overview: Ceragon is a leading provider of end-to-end wireless connectivity solutions, serving over 600 service providers and 1,600 private network owners globally, focusing on high-capacity wireless solutions for various applications including 5G and 4G broadband.

Ceragon Networks (CRNT): Analyst Scott Searle maintained a Buy rating with a price target of $6.00, while the consensus suggests a Strong Buy with an average target of $7.33, indicating significant upside potential.

Progress Software (PRGS): Analyst Brent Thill kept a Hold rating and set a price target of $70.00, with the consensus being a Moderate Buy and an average target of $74.00, reflecting moderate growth expectations.

Ceragon Networks Acquisition: Ceragon Networks Ltd. has agreed to acquire End 2 End Technologies, LLC for approximately $8.5 million, with potential additional payments based on financial performance, aiming to enhance its Private Networks strategy.

Financial Impact and Timeline: The acquisition is expected to generate $15 million to $19 million in revenue by 2025 and will be financed through cash and shares, with the deal anticipated to close by January 2025, pending customary conditions.

Ceragon's Acquisition Announcement: Ceragon Networks has announced its acquisition of End 2 End Technologies for approximately $8.5 million, aimed at enhancing its private networks business, particularly in the energy and utilities sectors, with expected incremental revenue of $15-19 million in 2025.

Strategic Growth and Integration: The acquisition is anticipated to accelerate Ceragon's strategy in private networks, leveraging End 2 End Technologies' expertise and software capabilities, while also being accretive to non-GAAP earnings by the second half of 2025.

Ceragon's Participation in Conference: Ceragon Networks will present at the 27th Annual Needham Growth Conference in New York City on January 15, 2025, with a webcast available for interested parties.

Company Overview: Ceragon is a leading provider of end-to-end wireless connectivity solutions, serving over 600 service providers and 1,600 private network owners globally, focusing on enhancing operational efficiency and delivering high-capacity wireless solutions.

Stock Performance: Ceragon Networks (CRNT) shares surged 15.9% to $5.48, driven by strong demand for its solutions and a 17.7% revenue increase in the last quarter, with expectations of 12% to 15% growth in revenues for 2024.

Earnings Outlook: The company is projected to report quarterly earnings of $0.11 per share, reflecting a 175% year-over-year increase, while maintaining a Zacks Rank #2 (Buy), indicating positive market sentiment.

U.S. Stock Market Performance: U.S. stocks rose on Monday, with the Dow Jones gaining over 200 points; notable increases included fuboTV shares jumping 140% after a merger announcement with Disney's Hulu.

Significant Stock Gains: Other companies like Serve Robotics and Paycor HCM also saw substantial gains, with several stocks rising between 6% to 21.7%, following various funding announcements and analyst upgrades.