Ceragon Networks (CRNT)

Ceragon Networks Ltd. is the global leader in wireless hauling solutions. The company helps operators and other service providers worldwide increase operational efficiency and enhance end customers' quality of experience with innovative wireless backhaul and fronthaul solutions. Its customers include wireless service providers, public safety organizations, government agencies and utility companies, which use its solutions to deliver 5G & 4G, mission-critical multimedia services and other applications at high reliability and speed. Ceragon's unique multicore technology and disaggregated approach to wireless hauling provides highly reliable, fast to deploy, high-capacity wireless hauling for 5G and 4G networks with minimal use of spectrum, power and other resources. It enables increased productivity, as well as simple and quick network modernization, positioning Ceragon as a leading solutions provider for the 5G era. The Company delivers a range of professional services that ensure efficient network rollout and optimization to achieve the highest value for its customers. Its solutions are deployed by more than 400 service providers, as well as hundreds of private network owners, in more than 150 countries.

Company profile

Ticker

CRNT

Exchange

NASDAQ

Website

www.ceragon.com

CEO

Ira Palti

Incorporated

Israel

Location

Israel

Fiscal year end

Dec 31

Sector

Manufacturing > Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing

Industry (SIC)

Radio & TV Broadcasting & Communications Equipment

Motorola Solutions • Maxar • Loral Space & Communications • Viasat • Qualcomm • CommScope Holding • Comtech Telecommunications • Harmonic • Casa Systems • Sierra Wireless ...

SEC CIK

0001119769

Corporate docs

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

CRNT stock data

1M 1Y 5Y

News

From Benzinga Pro

Aviat Networks Issues Open Letter To Ceragon Networks Shareholders To Correct The Latest False Claims And Mischaracterizations From The Ceragon Board

11 Aug 22

Aviat Networks, Inc. (NASDAQ:AVNW) ("Aviat"), the leading expert in wireless transport solutions, today issued the following open letter to shareholders of Ceragon Networks Ltd. (NASDAQ:CRNT)

Ceragon Confirms Receipt Of Revised Non-binding Indication Of Interest From Aviat Networks

3 Aug 22

Ceragon Networks Ltd. (NASDAQ:CRNT) ("Ceragon" or the "Company"), the global innovator and leading solutions provider of 5G wireless transport, today confirmed that it has received a revised

Ceragon Networks Misses Q2 Due To Supply Chain, Semiconductor Crisis; Reiterates Outlook

1 Aug 22

Ceragon Networks: Q2 Earnings Insights

1 Aug 22

Ceragon Networks Reaffirms FY22 Guidance

1 Aug 22

Press releases

From Benzinga Pro

Aviat Networks Issues Open Letter to Ceragon Networks Shareholders to Correct the Latest False Claims and Mischaracterizations from the Ceragon Board

11 Aug 22

Aviat urges shareholders to vote on the GOLD proxy card for ALL FIVE Aviat nominees to elect directors who will support near- and long-term value creation at Ceragon AUSTIN, Texas, Aug. 11, 2022 /PRNewswire/ -- Aviat

Leading Independent Proxy Advisor ISS Recommends Vote AGAINST All Aviat Director Nominees

10 Aug 22

ISS Reinforces Ceragon's Concerns Regarding Valuation and Certainty ISS States: "[Aviat's] offer lacks the certainty seen in typical M&A proxy contests." Ceragon Urges Shareholders to Vote

Independent Proxy Advisory Firm ISS Recognizes the Need for Board Change at Ceragon to Ensure a "More Fulsome Evaluation of Strategic Alternatives"

10 Aug 22

ISS calls out the Ceragon Board's passive approach and that "lack of clear progress" could send CRNT stock lower in the absence of a transaction Also notes Ceragon's track record of underperformance

Ceragon's Board Unanimously Rejects Aviat's Revised Indication of Interest

8 Aug 22

Ceragon Confirms Receipt of Revised Non-binding Indication of Interest from Aviat Networks

3 Aug 22

Calendar

2 May 22

12 Aug 22

31 Dec 22

Financial summary

Financial statements Chart CRNT financial data

Quarter (USD)	Dec 21	Dec 20	Dec 19	Dec 18
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Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
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Financial data from company earnings reports.

Institutional ownership, Q1 2022

CRNT institutional ownership history Ownership history

17.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	79	90	-12.2%
Opened positions	8	19	-57.9%
Closed positions	19	16	+18.8%
Increased positions	15	24	-37.5%
Reduced positions	23	21	+9.5%

13F shares	Current	Prev Q	Change
Total value	82.97M	97.39M	-14.8%
Total shares	15.06M	15.92M	-5.4%
Total puts	396.8K	284.1K	+39.7%
Total calls	81.9K	53.3K	+53.7%
Total put/call ratio	4.8	5.3	-9.1%

Largest owners	Shares	Value	Change
Samberg Joseph D	4.7M	$12.13M	0.0%
Penserra Capital Management	2.24M	$4.78M	-7.0%
Royce & Associates	1.18M	$2.51M	-33.0%
ARK Investment Management	1.11M	$2.37M	+23.1%
Renaissance Technologies	654.14K	$1.39M	+20.2%
GS Goldman Sachs	543.04K	$1.16M	+772.5%
Dimensional Fund Advisors	497.2K	$1.06M	0.0%
Boothbay Fund Management	478.66K	$1.02M	+104.5%
NMR Nomura	471.97K	$988K	+12.4%
MS Morgan Stanley	447.45K	$952K	-1.0%

Largest transactions	Shares	Bought/sold	Change
Royce & Associates	1.18M	-580.17K	-33.0%
GS Goldman Sachs	543.04K	+480.8K	+772.5%
Millennium Management	0	-373.65K	EXIT
Boothbay Fund Management	478.66K	+244.55K	+104.5%
VIEX Capital Advisors	0	-209.72K	EXIT
ARK Investment Management	1.11M	+209.04K	+23.1%
First Eagle Investment Management	190.42K	+190.42K	NEW
Shay Capital	0	-170K	EXIT
Penserra Capital Management	2.24M	-169.59K	-7.0%
IVZ Invesco	214.05K	+135.09K	+171.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Nec • L3Harris • Aviat Networks • Zte • Ubiquiti • StructuRe

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: adjudicated, Adsha, aggrieved, AlgoSec, Alvarez, analogy, Arnon, arrive, Avrahami, Bachelor, backlog, bar, Bldg, bombing, CALA, cap, Caribbean, Claridge, Cloudify, CTP, Curiae, David, debugging, deliberate, discretionary, DSPC, embracing, Ensemble, erode, fashion, fierce, fintech, fleet, friendly, furniture, green, GreenRoad, Hadar, HarbourVest, Honorable, horizon, huge, ID, IESA, Ilan, inflation, insignificant, invasion, ISS, Judge, Kabub, lab, landscape, likewise, logistical, Manger, manpower, metal, mineral, missing, municipal, Nazareth, Nitzba, NRE, overdraft, Parkway, pattern, perception, peripheral, Plot, POB, pollution, pose, premise, PwC, Rami, ransom, Raul, RDCM, rehearing, rejoined, reluctant, revert, revisited, Ripstein, RMA, Ronen, Rosen, Rotstein, Russian, sea, semiconductor, Sewage, Shopic, smoothly, Spotoption, subcontractor, Suite, takeover, Talon, Tdsoft, Teledata, therewith, TimweTech, Twerski, Tx, unaffected, underpricing, UNET, unissued, Unlimited, unprecedented, unusually, vacated, vacation, version, WiMax, worth, Ziv

Removed: Airspan, Amitel, ASIC, attribute, Avraham, Ben, Branch, browsing, canceled, chose, Clove, colonel, command, commence, comprise, constituting, cooperate, CTO, Disaggregate, discounting, engineer, Extensible, fitel, forfeited, funded, Gilat, Great, Gurion, haul, HR, image, imported, Language, Latina, leaving, letter, Ltda, music, negotiating, NJ, Notch, Nurit, Overlook, Perflow, Peruvian, prepare, Pte, Raoul, retiring, Scitex, Silicom, Sociology, Tadiran, UCLA, unconsolidated, VSAT, VSS

From filing 20-F 2021 FY

Financial reports

View all

20-F

2021 FY

Annual report (foreign)

2 May 22

20-F

2020 FY

Annual report (foreign)

8 Mar 21

20-F