Ceragon Networks-Ceragon (CRNT) Soars 11.4%: Is Further Upside Left in the Stock?

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]