Ceragon Networks (CRNT) Stock

Does Ceragon Networks (CRNT) have what it takes to be a top stock pick for momentum investors? Let's find out.

Ceragon Networks Ltd. (CRNT) is a key player in wireless backhaul solutions, showing strong global presence and impressive financial performance, particularly in India and North America. Q3 results highlight a 17.7% revenue increase and significant profitability gains, with non-GAAP net income rising to $14.1 million from $5.0 million. Despite margin pressures and reliance on key customers, Ceragon's innovative product pipeline and undervalued P/E ratio make it an attractive buy for value investors.

Ceragon (CRNT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

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.

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 Net Income of $12.2 million on a GAAP basis, and net income of $14.1 million on a non-GAAP basis EPS of $0.14 per diluted share on a GAAP basis, or $0.16 per diluted share on a non-GAAP basis Q3 202 4 Business Highlights: India: -  All-time record quarterly revenues.

ROSH HA'AIN, Israel , Nov. 12, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced that it will participate in the following upcoming investor conferences: 18th Annual Needham Security, Networking, and Communications Conference  Tuesday, November 14, 2024 VirtualConducting 1x1 meetings throughout the day 13th Annual ROTH Technology Conference  Wednesday, November 20, 2024 Hard Rock Hotel in New York City Conducting 1x1 meetings throughout the day Investors interested in scheduling a meeting with the company should contact their representative at the respective institutions. All materials used at the events will be posted on the Investor Relations section of the company's website.

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.

ROSH HA'AIN, Israel , Aug. 28, 2024 /PRNewswire/ -- Ceragon (NASDAQ: CRNT), the leading solutions provider of end-to-end wireless connectivity, today announced that management will participate at the Lake Street Capital Markets 8th Annual Best Ideas Growth "Big8" Conference in New York City.     Doron Arazi, CEO, will host one-on-one meetings with institutional investors, discussing the company's growth strategy and its effort to unlock operating leverage in its business model.