Group 1 - Ceragon Networks Ltd. is a well-established player in the wireless backhaul solutions market, founded in 1996 and based in Israel [1] - The company specializes in high-capacity communication systems that assist cellular operators and wireless providers in delivering voice services [1] Group 2 - Grassroots Trading focuses on providing objective and unbiased research, particularly on small- to mid-cap companies, while also identifying opportunities in larger companies [1]

Investors might want to bet on Ceragon Networks (CRNT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Ceragon Networks (CRNT) Analysis - Ceragon Networks (CRNT) has shown significant recent price momentum, with a four-week price change of 18.6%, indicating growing investor interest [4] - Over the past 12 weeks, CRNT has gained 3.7%, and its beta of 1.35 suggests it moves 35% more than the market in either direction, highlighting its fast-paced momentum [5] - CRNT has a Momentum Score of B, suggesting it is an opportune time to invest in the stock for potential success [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to CRNT earning a Zacks Rank 2 (Buy), as analysts raising estimates typically attract more investor interest [7] - CRNT is trading at a Price-to-Sales ratio of 0.71, indicating it is relatively undervalued, as investors pay only 71 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides CRNT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]

Ceragon Networks Ltd. (NASDAQ:CRNT) Q3 2024 Earnings Conference Call November 13, 2024 8:30 AM ET Company Participants Rob Fink - Head of IR Doron Arazi - CEO Ronen Stein - CFO Conference Call Participants Scott Searle - ROTH Capital Ryan Koontz - Needham & Company Rommel Dionisio - Aegis Capital Robert Marcin - TB Partners Operator Ladies and gentlemen, thank you for standing by and welcome to the Ceragon Networks Earnings Call. Our presentation today will be followed by a Q&A session. [Operator Instructio ...

Financial Performance - Q3 2024 revenues were $102.7 million, representing a 17.7% increase from $87.3 million in Q3 2023 and a 6.9% increase from $96.1 million in Q2 2024[5] - GAAP net income for Q3 2024 was $12.2 million, or $0.14 per diluted share, compared to $3.4 million, or $0.04 per diluted share in Q3 2023[6] - Non-GAAP operating profit increased approximately 35% year-over-year, with a non-GAAP operating margin exceeding 10%[4] - Net income for Q3 2024 reached $12,217,000, a significant increase of 263% compared to $3,367,000 in Q3 2023[31] - GAAP gross profit for Q3 2024 was $34,940,000, representing a 15% increase from $30,274,000 in Q3 2023[33] - Non-GAAP net income for Q3 2024 was $14.1 million, or $0.16 per diluted share[7] - GAAP basic net income per share for Q3 2024 was $0.14, compared to $0.04 in Q3 2023, indicating a 250% increase[35] Revenue Sources - India accounted for 49% of total revenues in Q3 2024, with record quarterly revenues and an expanding pipeline of customer opportunities[11] - North America generated over $20 million in revenue for seven consecutive quarters, with high customer satisfaction from completed projects[8] Cash Flow and Balance Sheet - The company generated more than $10 million in free cash flow in Q3 2024, strengthening its balance sheet[4] - Cash and cash equivalents increased to $34.0 million as of September 30, 2024, up from $26.3 million on June 30, 2024[9] - Cash and cash equivalents at the end of Q3 2024 totaled $34,014,000, slightly up from $33,966,000 at the end of Q3 2023[31] - Operating cash flow for the nine months ended September 30, 2024, was $25,069,000, up from $19,927,000 in the same period last year, reflecting a growth of 26%[31] Expenses and Investments - Research and development expenses for Q3 2024 were $8,750,000, an increase of 17% from $7,454,000 in Q3 2023[35] - Stock-based compensation expenses for the nine months ended September 30, 2024, were $3,377,000, up from $3,025,000 in the same period last year[31] - The company experienced a net cash used in investing activities of $12,092,000 for the nine months ended September 30, 2024, compared to $9,690,000 in the same period of 2023[31] Future Outlook - Management reiterated its 2024 revenue guidance of $390 million to $400 million, indicating growth of 12% to 15% compared to 2023 revenue[19] - The company is focusing on revenue diversification and expanding its presence in private networks, particularly in North America and India[4]

Revenue Diversification, Expense Management, Enable Consistent Profitability;Management Reiterates Midpoint of Full-Year 2024 Outlook  ROSH HA'AIN, Israel, Nov. 13, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), a leading solutions provider of end-to-end wireless connectivity, today reported its financial results for the third quarter period ended September 30, 2024.Q3 2024 Financial Highlights: Revenues of $102.7 million Operating income of $14.6 million on a GAAP basis, or $15.8 million on a non-GAAP basis ...

Company Participation in Investor Conferences - Ceragon will participate in the 18th Annual Needham Security, Networking, and Communications Conference on November 14, 2024, and the 13th Annual ROTH Technology Conference on November 20, 2024, conducting 1x1 meetings throughout both days [1] Company Overview - 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 [2] - The company empowers customers to enhance operational efficiency and improve the quality of experience for end users [2] Customer Base and Solutions - Ceragon serves a diverse customer base including service providers, utilities, public safety organizations, government agencies, and energy companies, relying on its wireless expertise for 5G & 4G broadband wireless connectivity and mission-critical services [3] - The company has over 600 service providers and more than 1,600 private network owners in over 130 countries utilizing its solutions [3] - Ceragon's offerings include hardware, software, and managed & professional services, enabling customers to modernize their networks efficiently and cost-effectively [3]

ROSH HA'AIN, Israel, Oct. 22, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), the global innovator and leading solutions provider of 5G wireless transport, today announced that it will release its earnings results for the third quarter ended September 30, 2024 on Wednesday, November 13, 2024, 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 ...

Core Insights - Zacks emphasizes a ranking system focused on earnings estimates and revisions to identify winning stocks while also considering trends in value, growth, and momentum [1][2] Value Investing - Value investing is a popular strategy for identifying undervalued stocks that have potential for profit [2] - Zacks has developed a Style Scores system to highlight stocks with specific traits, particularly for value investors seeking high grades in the "Value" category [3] Ceragon Networks (CRNT) - Ceragon Networks is currently rated with a Zacks Rank of 2 (Buy) and has a Value grade of A, indicating strong potential [4] - The stock has a Forward P/E ratio of 10.22, which is slightly below the industry average of 10.26, with a historical range between 8.92 and 20.24 over the past 52 weeks [4] - The P/S ratio for CRNT is 0.63, significantly lower than the industry average of 1.38, suggesting it may be undervalued [5] - Overall, the combination of these metrics indicates that CRNT is likely undervalued and presents an impressive value opportunity at this time [6]