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Ceragon (CRNT) Soars 11.4%: Is Further Upside Left in the Stock?
ZACKS· 2025-02-06 10:21
Company Overview - Ceragon Networks (CRNT) shares increased by 11.4% to $5.37, following a period of 10.1% loss over the past four weeks, indicating a significant recovery in stock performance [1] - The company reported a 17.7% revenue increase in the last quarter, driven by strong demand for its solutions, particularly in the North American private networks sector and India [2] Acquisition Details - On February 3, 2025, Ceragon completed the acquisition of End 2 End Technologies, a U.S. systems integrator and software developer focused on Private Networks in the Energy and Utilities sectors [3] - This acquisition is expected to enhance Ceragon's position in the telecom market by providing system integration expertise and a unique network management platform [3] Financial Projections - Ceragon anticipates that the acquisition will be accretive to its non-GAAP earnings by the second half of 2025 [4] - For 2024, the company expects revenues between $390 million and $400 million, reflecting a year-over-year growth of 12% to 15% [4] - The upcoming quarterly earnings are projected at $0.11 per share, representing a 175% increase year-over-year, with revenues expected to reach $103.98 million, up 15.1% from the previous year [4] Market Trends - The consensus EPS estimate for Ceragon has remained unchanged over the last 30 days, suggesting that stock price movements may be influenced by trends in earnings estimate revisions [5][6] - Ceragon currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook in the market [6]
Ceragon Closes Acquisition of End 2 End Technologies
Prnewswire· 2025-02-03 12:00
Expands Private Networks Offerings in North America; Expected to be Accretive to Non-GAAP Earnings Basis, by the Second Half of 2025 ROSH HA'AIN, Israel, Feb. 3, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced that it has completed the acquisition of End 2 End Technologies, LLC, a U.S. systems integration and software development company that serves Private Networks, primarily in the Energy and Utilities markets. End 2 End Techno ...
Ceragon Networks' Comeback: Stronger Margins, Higher Growth
Seeking Alpha· 2025-01-31 15:21
BSc (Eng), MBA. Self-taught value investor with 2 decades of investing experience. Blogger at i4value.asia. The blog is on value investing through case studies where I analyze and value listed companies in the ASEAN and US regions. I have an exceptional perspective having served as a Board member of a Malaysia listed company for several decades. I have value investing book "Do you really want to master value investing?" on AmazonAnalyst’s Disclosure: I/we have no stock, option or similar derivative position ...
CRNT Stock Up 71% in 3 Months: Buy Now or Wait for a Pullback?
ZACKS· 2025-01-20 15:21
Ceragon Networks Ltd. (CRNT) shares have proven resilient, with a 70.7% gain in the past three months, outpacing the industry’s decline of 9.4%. Headquartered in Rosh HaAyin, Israel, Ceragon provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers to increase operational efficiency.It has also outperformed the Zacks Computer and Technology sector and the S&P 500 composite’s growth of 4.5% and 3.3%, respectively.The gain is also better than some o ...
Can Ceragon Stock Benefit From End 2 End Technologies' Buyout?
ZACKS· 2025-01-15 17:46
Ceragon Networks Ltd. (CRNT) recently announced that it has entered into a definitive agreement to acquire End 2 End Technologies, LLC, a leading systems integration and software development company in the United States. The transaction is valued at approximately $8.5 million, with an additional potential payment of up to $4.3 million contingent on the company meeting specific financial targets in 2025, to be paid primarily in 2026. The acquisition is expected to be accretive to Ceragon’s non-GAAP earnings ...
Ceragon to Acquire End 2 End Technologies, Expanding its Offering to Private Networks in North America
Prnewswire· 2025-01-14 12:00
Acquisition Details - Ceragon has entered into a definitive agreement to acquire End 2 End Technologies for approximately $8.5 million, with an additional $4.3 million contingent on achieving certain financial goals primarily in 2025 and paid mostly in 2026 [1] - The acquisition will be financed through Ceragon's available cash and unused credit facilities, with approximately 215,000 ordinary shares issued at closing [1] - The transaction is expected to close by the end of January 2025, subject to customary closing conditions [3] Strategic Impact - The acquisition is expected to accelerate Ceragon's strategy in the Private Networks domain, particularly in the Energy and Utilities markets [1] - End 2 End Technologies brings proven system integration capabilities and a unique network management software platform, which aligns with Ceragon's approach to innovation [2] - The acquisition is anticipated to generate $15-19 million in incremental revenue for Ceragon in 2025 and be accretive to non-GAAP earnings by the second half of 2025 [4] Company Profiles - End 2 End Technologies is a US-based systems integration and software development company with approximately 50 employees, specializing in the Energy and Utilities markets [2][5] - Ceragon is a global innovator and leading solutions provider of end-to-end wireless connectivity, specializing in transport, access, and AI-powered managed & professional services [6] Market and Industry Context - End 2 End Technologies has a strong brand and deep technical expertise in radio frequency communications, serving dozens of customers in the US [2] - Ceragon's solutions are deployed by over 600 service providers and more than 1,600 private network owners in over 130 countries, focusing on 5G & 4G broadband wireless connectivity and mission-critical services [11]
Ceragon to Participate at the Needham Growth Conference
Prnewswire· 2025-01-08 12:00
ROSH HA'AIN, Israel, Jan. 8, 2025 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today announced that management will participate at the 27th Annual Needham Growth Conference in New York City.Doron Arazi, CEO, and Ronen Stein, CFO will host a presentation on Wednesday, January 15 at 8:45am ET. Interested parties can access a webcast of the presentation here or by visiting Ceragon's investor relations website at https://www.ceragon.com/investors/even ...
Ceragon (CRNT) Moves 15.9% Higher: Will This Strength Last?
ZACKS· 2025-01-07 09:26
Ceragon Networks (CRNT) shares soared 15.9% in the last trading session to close at $5.48. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10% gain over the past four weeks.The increase in share price can attributed to the strong demand for its solutions which led to a 17.7% increase in revenues in the last reported quarter. Ceragon is witnessing strong funnel of opportunities, particularly in the private networks' vertical in th ...
Fast-paced Momentum Stock Ceragon (CRNT) Is Still Trading at a Bargain
ZACKS· 2024-12-23 14:51
Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...
Ceragon Networks (CRNT) Is Up 11.40% in One Week: What You Should Know
ZACKS· 2024-12-16 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...