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Ceragon Networks (CRNT)
NASDAQ:CRNT
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: -37.29%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial year for Ceragon with record profits, significant growth in India, and successful product launches. However, challenges remain with low visibility for 2025 and fluctuation in gross margins.Company Guidance
In the earnings conference call for Ceragon Networks, the company provided detailed guidance and performance metrics for both the past fiscal year and the upcoming period. For fiscal year 2024, Ceragon achieved a 13.5% increase in revenue, reaching $394.2 million, and a record non-GAAP operating profit of $48.8 million, representing 12.4% of revenues. The company noted significant growth in its annual recurring revenue (ARR) by more than 30% and a 50% increase in bookings from private networks. For 2025, Ceragon projects revenue between $390 million to $430 million and expects non-GAAP operating margins of at least 10%, while aiming to increase free cash flow compared to 2024. The company emphasized its strategic growth pillars, including expanding its millimeter-wave products, increasing market share in private networks, and boosting recurring revenue, which positions it to potentially outperform the market in the forthcoming year.Record Year for Ceragon
Ceragon achieved record operating profit on the highest revenue levels since 2012, with a 13% annual revenue growth during 2024 despite a market decline of more than 10%.
Strong Performance in India
India's revenue reached $55.6 million, marking an all-time record quarter for Ceragon, driven by deployments in 4G and 5G networks and significant traction with the IP-50EXA product.
Increased Bookings from Private Networks
Ceragon reported over a 50% increase in bookings from private networks, enhancing their revenue diversification strategy.
Successful Product Launches
Introduction of IP-50CX and IP-50EX products, as well as the new Siklu By Ceragon product, strengthened Ceragon's technological lead and market position.
Positive Outlook on Managed Services
Secured additional recurring revenue from managed services worth approximately $7 million ARR, representing more than 30% of current ARR.
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CRNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $4.80 | $3.77 | -21.46% |
| Nov 13, 2024 | $2.56 | $2.79 | +8.98% |
| Aug 07, 2024 | $2.48 | $2.65 | +6.85% |
| May 07, 2024 | $3.15 | $2.77 | -12.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ceragon Networks (CRNT) report earnings?
Ceragon Networks (CRNT) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is Ceragon Networks (CRNT) earnings time?
Ceragon Networks (CRNT) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRNT EPS forecast?
CRNT EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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