Ceragon Networks Reports Strong Revenue Growth for Q4 2024

Ceragon Networks Ltd. ( (CRNT) ) has released its Q4 earnings. Here is a breakdown of the information Ceragon Networks Ltd. presented to its investors.

Ceragon Networks Ltd. is a global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed and professional services, with deployments in over 130 countries. Recently, Ceragon Networks Ltd. reported an 18.3% increase in quarterly revenue for the fourth quarter of 2024, reaching $106.9 million—a new high since 2014. This growth is attributed to the company’s strategic focus on revenue diversification and efficient expense management.

Key financial results for the fourth quarter included a GAAP operating income of $9.5 million and a net income of $3.6 million, translating to $0.04 per diluted share. Full-year results also showed significant progress, with a 13.5% increase in revenues to $394.2 million, marking the highest annual revenue since 2012. The year witnessed a record GAAP operating income of $38.7 million and net income of $24.1 million.

Ceragon achieved impressive market penetration in India, recording all-time high quarterly revenues, and strengthened its position in North America and APAC regions. The company also unveiled a new product, the IP-50EXA, expected to enhance its offerings in India and other markets. Ceragon’s competitive edge is further bolstered by its strategic acquisitions in the fast-growing private networks and mmW equipment markets.

Looking ahead, Ceragon’s management remains cautiously optimistic about 2025, anticipating revenues between $390 million and $430 million with improved profitability. Despite limited near-term visibility in core markets, the company aims to leverage its strong competitive position to capture market share and drive growth.