Ceragon Networks Maintains Strong Buy Rating with $3.00 Price Target: Analysts

Ceragon Networks (CRNT) maintains a Strong Buy consensus rating with a price target of $3.25, implying a 67.53% upside from current levels. Analyst Christian Schwab of Craig-Hallum maintains a Buy rating with a $3.00 price target, while Needham also maintains a Buy rating with a $3.00 price target. CRNT has a market cap of $200.8M and a P/E ratio of 12.60.

Ceragon Networks (CRNT), a leading provider of wireless backhaul services, is scheduled to release its Q2 2025 earnings results on Wednesday, August 6th, before the market opens. The consensus EPS estimate is $0.03, representing a 72.7% year-over-year decline, while the consensus revenue estimate is $94.41 million, down 1.8% year-over-year [2]. Despite these challenging estimates, analysts maintain a positive outlook on the stock.

Over the past two years, Ceragon has consistently beaten EPS and revenue estimates, with an 88% success rate in both categories [2]. In the last three months, however, EPS estimates have seen three downward revisions, while revenue estimates have seen one upward revision and three downward revisions [2]. This suggests a cautious sentiment among analysts, but the majority still maintain a Buy rating.

Analyst Christian Schwab of Craig-Hallum and Needham both maintain a Buy rating with price targets of $3.00, implying a 67.53% upside from current levels [4]. Schwab and Needham's price target reduction follows Ceragon's lower-than-expected second-quarter 2025 results, impacted by a slowdown in India due to carrier financing issues and logistics execution problems [4]. Despite these challenges, Ceragon experienced its strongest quarter in over a year in North America, though Europe and Latin America showed weakness amid intensifying competition from Chinese companies [4].

Ceragon's management remains committed to its technology leadership strategy, which appears to be validated by a recent U.S. tier 1 win that is expected to ramp up in calendar year 2026 [4]. The company maintains healthy fundamentals, with a P/E ratio of 7.58 and trailing twelve-month revenue of $394.34 million [4].

Ceragon's earnings outlook and management commentary will be crucial in determining the stock's immediate price movement and future trajectory. Investors should closely monitor the company's earnings call and subsequent estimate revisions to gauge the market's sentiment and potential stock performance [1]. The Zacks Rank, which considers earnings estimate revisions, currently assigns a #4 (Sell) rating to Ceragon, suggesting that the stock is expected to underperform the market in the near future [1].

References:

[1] https://finance.yahoo.com/news/ceragon-networks-crnt-q2-earnings-121503331.html
[2] https://seekingalpha.com/news/4478710-ceragon-networks-q2-2025-earnings-preview
[3] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TW14D:0-ceragon-networks-ltd-expected-to-post-earnings-of-4-cents-a-share-earnings-preview/
[4] https://www.investing.com/news/analyst-ratings/needham-cuts-ceragon-networks-stock-price-target-to-3-on-india-slowdown-93CH-4174563