Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

Ceragon Networks (CRNT) Q2 2025 Earnings Call August 06, 2025 08:30 AM ET Speaker0Ladies and gentlemen, thank you for standing by, and welcome to Ceragon Networks Earnings Call.Our presentation today will be followed by a question and answer I must advise you that this call is being recorded. I now like to hand over the call to our first speaker today, Rob Fink, Head of Investor Relations. Please go ahead.Speaker1Thank you, operator, and good morning, everyone. Hosting the call today is Doron Razzi, Ceragon ...

Core Viewpoint - Ceragon Networks reported quarterly earnings of $0.03 per share, matching the Zacks Consensus Estimate, but down from $0.11 per share a year ago [1] - The company posted revenues of $82.26 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 8.01% and down from $96.09 million year-over-year [2] Financial Performance - Ceragon has surpassed consensus EPS estimates two times over the last four quarters [2] - The company has topped consensus revenue estimates three times in the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $101.25 million, and for the current fiscal year, it is $0.25 on revenues of $389.1 million [7] Stock Performance - Ceragon shares have declined approximately 51.6% since the beginning of the year, contrasting with the S&P 500's gain of 7.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Outlook - The Wireless Non-US industry, to which Ceragon belongs, is currently in the top 32% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Ceragon's stock performance [5]

Exhibit A Ceragon Reports 2025 Second Quarter Financial Results Delivers profitability on a non-GAAP basis and free cash flow amid evolving revenue environment; Ceragon's technology leadership driving competitive gains and increased opportunities Rosh Ha'ain, Israel, August 6, 2025 -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the second quarter period ended June 30, 2025. Q2 2025 Financial Highlights: Q2 2025 Business H ...

ROSH HA'AIN, Israel, July 28, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, announces that it will release its earnings results for the second quarter ended June 30, 2025 on Wednesday, August 6, 2025, before the market opens. Ceragon Networks® and FibeAir® are registered trademarks of Ceragon Networks Ltd. in the United States and other countries. CERAGON® is a trademark of Ceragon, registered in various countries. Other names mentioned are ow ...

ROSH HA'AIN, Israel, June 10, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, announces that management will participate in the 15th Annual ROTH London Conference being held June 24-26, 2025 at the Four Seasons Hotel London at Park Lane in London, UK.Doron Arazi, Ceragon's Chief Executive Officer, and Ronen Stein, Ceragon's Chief Financial Officer, will be available for one-on-one meetings throughout the conference. Interested investors should c ...

Company Overview - Ceragon Networks Ltd. (NASDAQ: CRNT) focuses on 5G and communication technologies, providing wireless products and services to wireless and cellular service providers [1] Market Position - The company is based in Israel, listed in the US, and operates globally, indicating a strong international presence in the telecommunications sector [1]

Core Viewpoint - Ceragon Networks Ltd. (CRNT) has experienced a significant decline in share price, with a 44.2% drop over the past six months, underperforming both the Wireless-Non U.S. industry and the S&P 500 composite [1] Financial Performance - In the first quarter of 2025, Ceragon reported earnings and revenues that exceeded the Zacks Consensus Estimate, although earnings declined year over year while revenues saw marginal growth [2] - The company reaffirmed its 2025 revenue outlook, projecting revenues between $390 million and $430 million, with a reported revenue of $394.2 million in 2024 [3] - Non-GAAP operating margins are expected to be at least 10% at the lower end of the revenue range, and the company anticipates year-over-year growth in free cash flow [3] Product Development and Market Position - Ceragon is focusing on high-growth areas such as millimeter-wave products and private networks, having launched innovative products like IP-100E, IP-50GP, and EtherHaul 8020FX at the Mobile World Congress 2025 [5] - The IP-100E is a dual-carrier E-band solution capable of delivering 25 Gbps from a single unit and up to 40 Gbps in a 4+0 all-outdoor link, enhancing high-speed connectivity [6] - Recent acquisitions of Siklu and End 2 End Technologies, LLC are expected to strengthen Ceragon's competitive position in the private network sector [6] Market Sentiment and Valuation - The recent decline in CRNT shares has created an attractive entry point for investors, with the stock trading at a forward 12-month price-to-earnings (P/E) ratio of 6.91, below the industry's average of 10.56 [8] - Despite a 25% reduction in earnings estimates for the current quarter, estimates for the next quarter have been revised upward by 12.5%, and current year estimates have increased by 7.7%, indicating optimism about long-term growth potential [10] Challenges and Competitive Landscape - Ceragon faces headwinds in select public network segments due to tariff fluctuations and a challenging global macroeconomic environment, along with intensified competition from Chinese vendors in various regions [11] - Volatile foreign exchange rates are also impacting the company's performance, as it generates revenues and incurs expenses in multiple currencies [12]

Industry Overview - The Zacks Wireless Non-US industry is positioned to benefit from strong demand trends driven by the increasing need for connectivity, despite facing challenges such as high capital expenditures, margin erosion, and supply chain disruptions due to geopolitical conflicts [1][5] - The industry includes mobile telecommunications and broadband service providers that offer voice services, IoT solutions, content streaming, and various IT services [3] Future Trends - Network convergence is driving significant investments from telecom and cloud service providers to meet the growing demand for coverage, speed, and quality in mobile broadband and home internet solutions [4] - Continuous network upgrades and optimization are essential to maintain performance standards, as telecom services are considered necessities with weak correlation to macroeconomic factors [4] Challenges - The industry is currently facing high production costs due to a shortage of chips and increased raw material prices influenced by geopolitical conflicts, which have negatively impacted profitability [5] - Price-sensitive competition is expected to intensify, affecting customer retention and overall financial results [5] Growth Strategies - Companies in the industry are focusing on subscriber growth, churn management, and enhancing customer loyalty through unlimited plans and improved network connectivity [6] - Strategic acquisitions and geographical expansion are key strategies for increasing market presence and revenue [6] Industry Performance - The Zacks Wireless Non-US industry has a Zacks Industry Rank of 44, placing it in the top 18% of over 250 Zacks industries, indicating positive near-term prospects [7][8] - However, the industry has underperformed compared to the broader Zacks Computer and Technology sector and the S&P 500 over the past year, with a gain of only 3.3% [9] Valuation Metrics - The industry has a trailing 12-month Price/Book (P/B) ratio of 1.06X, significantly lower than the S&P 500's 7.82X and the sector's 9.09X [12] Notable Companies - TIM S.A. is a leading communication service provider in Brazil, focusing on aggressive 5G rollout and aiming for a long-term earnings growth expectation of 16.1% [15] - Ceragon Networks Ltd. specializes in wireless backhaul and fronthaul solutions, providing efficient network rollout and optimization services [16] - PLDT Inc. is the leading telecommunications provider in the Philippines, expanding its fiber network and aiming for a long-term earnings growth expectation of 7.5% [19]

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...