Financial Data and Key Metrics Changes - The first quarter revenue was $88.7 million, a slight increase of 0.2% from $88.5 million in Q1 2024 [16] - Non-GAAP gross profit was $29.7 million, down 8.6% from $32.5 million in Q1 2024, with a non-GAAP gross margin of 33.5% compared to 36.7% in the prior year [16][20] - Non-GAAP net income for Q1 2025 was $2.6 million or $0.03 per diluted share, down from $4.7 million or $0.05 per diluted share in Q1 2024 [20] Business Line Data and Key Metrics Changes - Revenue from India was $42.9 million, an increase of 65% year over year, with bookings at the highest level since Q1 2024 [9][10] - North America revenue was $17.6 million, rebounding from $13.4 million in Q4 2024, with contributions from E2E Technologies included [10][16] - Managed services are a strategic priority, with strong interest observed at Mobile World Congress, indicating a shift towards software-driven services [8] Market Data and Key Metrics Changes - The company noted strong demand for microwave and millimeter wave products, particularly in North America and Europe [7] - E2E Technologies' bookings in Q1 outperformed expectations, contributing to revenue in line with forecasts [9] - The tariff dynamics are creating instability for certain customers, particularly in private networks, but overall customer activity remains steady [11] Company Strategy and Development Direction - The company is focused on expanding its presence in private networks and millimeter wave markets, with ongoing evaluations of strategic M&A opportunities [12][13] - The acquisition of E2E Technologies is expected to enhance capabilities in private networks, particularly in the energy and utilities sector [9] - The shift to software-driven services is anticipated to increase annual recurring revenue and improve margins compared to traditional hardware business [8] Management's Comments on Operating Environment and Future Outlook - Management reiterated the 2025 revenue guidance of $390 million to $430 million, expecting a significant uptick in the second half of the year, primarily driven by India [23][37] - The company remains vigilant regarding tariff impacts but believes the net effect on profitability will be minimal [12] - Positive demand signals were observed during the Mobile World Congress, reinforcing the company's strategic alignment for long-term success [6] Other Important Information - The cash position at the end of Q1 2025 was $27.7 million, down from $35.3 million at the end of 2024, primarily due to acquisition-related cash payments [21] - Inventory increased slightly to $62.3 million as preparations for new E band products are underway [21] Q&A Session Summary Question: Strength in bookings in India - Management indicated that bookings are not concentrated on a single customer but distributed among two main customers, with potential for a third significant project [24][25] Question: Potential significant opportunity in North America - Management described opportunities in North America as potentially meaningful, with estimates of over $10 million annually for a few years [27] Question: Gross margin expansion opportunities - Management noted that gross margin expansion could come from improved revenue mix, economies of scale, and increased sales of software and private network solutions [28][29] Question: Growth in India and its importance - Management confirmed that the main growth uptick is expected in the second half of the year, driven by significant deployments in India [37] Question: Impact of tariffs on customer decision timelines - Management reported no significant changes in buying patterns from CSPs, although there were some hesitations in closing deals on private networks [40] Question: Demand for private networks and geographic performance - Management highlighted increased interest in point-to-multipoint solutions and noted successful POCs in both North America and Europe [41][42] Question: Competitive environment in North America and Europe - Management observed no major changes in competition but noted increased interest in replacing Chinese vendors in Europe [50][51]

Financial Data and Key Metrics Changes - Ceragon reported Q1 2025 revenue of $88.7 million, a slight increase of 0.2% from $88.5 million in Q1 2024 [16] - Non-GAAP net income for Q1 2025 was $2.6 million or $0.03 per diluted share, down from $4.7 million or $0.05 per diluted share in Q1 2024 [20] - Non-GAAP gross profit was $29.7 million, down 8.6% from $32.5 million in Q1 2024, with a gross margin of 33.5% compared to 36.7% in the prior year [16][17] Business Line Data and Key Metrics Changes - Revenue from India was $42.9 million, a significant increase of 65% year over year, marking it as the strongest region [10] - North America revenue increased to $17.6 million from $13.4 million in Q4 2024, showing recovery and growth [11][16] - Managed services and software-driven solutions are identified as strategic priorities, with strong interest observed at Mobile World Congress [8][9] Market Data and Key Metrics Changes - Bookings in India rebounded significantly, with the highest levels since Q1 2024, indicating broad-based demand [6][11] - The company is experiencing strong anticipated demand for microwave and millimeter wave products, particularly in North America and Europe [7] - E2E Technologies acquisition is expected to enhance capabilities in private networks, particularly in the energy and utilities sector [9][10] Company Strategy and Development Direction - Ceragon is focusing on expanding its presence in private networks and millimeter wave markets, with ongoing evaluations of strategic M&A opportunities [13][14] - The shift to software-driven services is expected to increase annual recurring revenue and improve margins compared to traditional hardware business [9] - The company aims to maintain technology leadership while addressing the needs of both Tier one and Tier two carriers [9] Management's Comments on Operating Environment and Future Outlook - Management reiterated the 2025 revenue guidance of $390 million to $430 million, expecting a significant uptick in the second half of the year, primarily driven by India [23][36] - The tariff environment is being monitored closely, but no significant changes in customer buying patterns have been observed [40] - Management expressed confidence in adapting to market changes and leveraging strengths to drive growth [13] Other Important Information - The acquisition of E2E Technologies is expected to be accretive to non-GAAP earnings by the second half of 2025 [10] - The company’s cash position decreased to $27.7 million from $35.3 million at the end of 2024, primarily due to acquisition-related payments [21] Q&A Session Summary Question: Strength in bookings in India - Management indicated that bookings are not concentrated on a single customer but distributed among two main customers, with potential for a third significant project [24][26] Question: Potential significant opportunity in North America - Management described opportunities in North America as potentially meaningful, with estimates of over $10 million annually for several years [28] Question: Gross margin expansion opportunities - Management noted that gross margin expansion could come from improved revenue mix, economies of scale, and increased sales of software and private network solutions [29][30] Question: Importance of India for growth - Management confirmed that the main growth uptick is expected in the second half of the year, driven by significant deployments in India [36][38] Question: Impact of tariffs on customer decision timelines - Management reported no significant changes in buying patterns from CSPs, although some hesitations were noted in closing deals for private networks [40] Question: Demand for private networks and geographic performance - Management highlighted increased interest in point-to-multipoint solutions and noted successful POCs in both North America and Europe [41][42] Question: Differentiation of E band product for India - Management emphasized the product's strong performance and cost structure tailored for the Indian market, indicating readiness for market share capture [48][49] Question: Competitive environment in North America and Europe - Management observed no major changes in competition but noted increased interest in replacing Chinese vendors in Europe [50][52]

Ceragon Networks (CRNT) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this provider of wireless backhaul services would post earnings of $0.10 per share when it actually produced earnings of $0.09, delivering a surprise of -10%.Over the last ...

Ceragon to deliver turnkey industrial connectivity and infrastructure solutions for essential operationsROSH HA'AIN, Israel, April 30, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, announces that its recently acquired systems integration business, E2E by Ceragon, has closed a $4.1 million agreement with a leading North American oil & gas production company.Under the agreement, E2E by Ceragon will design, build, and commission a comprehensive o ...

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 owned by their respective holders. ROSH HA'AIN, Israel, April 29, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced that its management will participate in the 20th Annual Needham Technology, Media, & Consumer 1x1 Co ...

ROSH HA'AIN, Israel, April 24, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced that it will release its earnings results for the first quarter ended March 31, 2025 on Wednesday, May 7, 2025, before the market opens. The Company will host a Zoom conference call on the same day at 8:30 a.m. ET to discuss the results, followed by a question-and-answer session for the investment community. Investors are invited to register for the ca ...

Ceragon Networks Ltd.’s (CRNT) shares have witnessed a sharp decrease of 49.7% in the past three months, underperforming the Wireless-Non U.S. industry’s growth of 4% and Computer and Technology’s decline of 11.5%.Price PerformanceImage Source: Zacks Investment ResearchThe recent market volatility amid escalating trade tensions wiped out 8.2% since April 2 for CRNT stock. However, the stock was up 8.7% yesterday amid skyrocketing markets as President Trump announced a 90-day pause for reciprocal tariffs, ba ...

Core Viewpoint - Ceragon Networks Ltd. (CRNT) has experienced a significant decline in share price, dropping 28% over the past month, which is notably worse than the Wireless-Non U.S. industry's decrease of 0.5% [1] Price Performance - The decline in CRNT shares began after the company announced its results on February 11, despite achieving record quarterly revenues in India. Concerns were raised regarding a slowdown in the Communications Service Provider (CSP) business and increased forex volatility [3][4] Company Strengths - CRNT reported revenues of $55.6 million from India, which constituted nearly half of its overall revenues in Q4 2024, indicating a strong position in the rapidly expanding Indian telecommunications market [5] - The company is launching innovative products such as the IP-100E, which offers high-speed connectivity, and is focusing on high-capacity wireless products [6][7] - CRNT secured $7 million in annual recurring revenue from managed services, positioning itself for steady revenue growth [8] - The company has seen a 50% increase in bookings from private networks in 2024, bolstered by acquisitions of Siklu and End 2 End Technologies, enhancing its competitive edge [9] Financial Performance - Non-GAAP gross profit increased by 15.5% year-over-year to $36.7 million, with a gross margin of 34.3% for Q4, slightly down from 35.1% the previous year. Adjusted operating income rose to $12.2 million from $7.8 million [10] - Management has projected revenues for 2025 to be between $390 million and $430 million, with non-GAAP operating margins expected to be at least 10% at the lower end of this range [11] Challenges - The CSP business has been slowing down, and the company is starting 2025 with low visibility and uncertain recovery potential. There is also a slowdown in public network domains outside of India due to a weak global macro environment [12] - CRNT faces intense competition from Chinese players in various regions, which is pressuring revenues [12] - Volatile foreign exchange fluctuations and a strengthening U.S. dollar are additional concerns impacting the company [15] Analyst Estimates - Analysts have revised their estimates downward for the current quarter and year, reflecting a trend of decreasing expectations [15][16] Investment Strategy - While growth initiatives in mmW products, Private Networks, and Managed Services show promise, challenges such as the slowdown in public networks and integration risks from acquisitions could negatively impact CRNT's stock price [16] - Investors are advised to wait for a favorable entry point, while those already holding the stock may consider maintaining their positions due to long-term growth potential [17]

Company Overview - Ceragon is a leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services [4] - The company serves a diverse customer base, including service providers, utilities, public safety organizations, government agencies, and energy companies, with solutions for 5G & 4G broadband wireless connectivity [5] - Ceragon's solutions are deployed by over 600 service providers and more than 1,600 private network owners across 130 countries, emphasizing their global reach and expertise [5] Conference Participation - Ceragon's CEO, Doron Arazi, will participate in the 37th Annual Roth Conference from March 16-18, 2025, at the Laguna Cliffs Marriott Resort & Spa in Dana Point, California [1] - The conference is one of the largest for small-cap companies, providing opportunities for company presentations, Q&A sessions, and one-on-one meetings with management [3] - Investors interested in meeting with Mr. Arazi can arrange one-on-one meetings through their Roth representative or by contacting Ceragon directly [2]

Core Insights - The article introduces Jack Vogel as a new contributing analyst for Seeking Alpha, emphasizing the platform's openness to new investment ideas and contributions from various analysts [1] - The investment philosophy highlighted is deep-value investing, focusing on uncovering alpha in overlooked market areas, regardless of sector [2] Group 1 - The investment approach is sector-agnostic, targeting companies with a sustainable competitive advantage or moat [2] - The article encourages readers to share their investment ideas for potential publication and financial rewards [1] Group 2 - There is a disclosure stating that the analyst has no current positions in any mentioned companies and no plans to initiate any within the next 72 hours [3] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the platform's overall stance [4]