CRNT on Nasdaq

Ceragon

Logo: Ceragon Networks Ltd., Public domain, via Wikimedia Commons4

Networking equipment vendor

Ceragon Networks Ltd. is a telecommunications equipment company that manufactures point-to-point and point-to-multipoint wireless connectivity systems. The company's products are primarily used for wireless backhaul by mobile network operators, wireless service providers, and private network operators. Ceragon’s systems support transmission across microwave and millimeter wave frequency bands.3 Its shares trade on Nasdaq under the symbol CRNT.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$338.7MRevenue, fiscal 20255
-$2.1MNet income, fiscal 20255
1996Founded1

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  • TickerCRNT on Nasdaq1
  • Industrytelecommunications1
  • HeadquartersTel Aviv1
  • Websitewww.ceragon.com
  • Incorporated inIsrael6
  • Business address3 Uri Ariav St., Po Box 112, Rosh Ha Ayin, L3 48100048106
  • Filer categoryAccelerated filer6

Ceragon Networks Ltd. is a telecommunications equipment company that manufactures point-to-point and point-to-multipoint wireless connectivity systems. The company's products are primarily used for wireless backhaul by mobile network operators, wireless service providers, and private network operators. Ceragon’s systems support transmission across microwave and millimeter wave frequency bands.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

33.8%Gross margin5
2.1%Operating margin5
-0.6%Net margin5
-14.1%Revenue growth, 20255
-1.2%Return on equity5
$17.9MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

India brought in 34% of the revenue Ceragon broke down this way in fiscal 2025.

  1. India$116.7M534%down 30% from 2024
  2. North America$112.8M533%up 25% from 2024
  3. EMEA$49.3M514%down 24% from 2024
  4. Latin America$30.4M59%down 18% from 2024
  5. Asia Pacific$29.6M59%down 14% from 2024
  6. Israel$3.6M51%down 30% from 2024
Regions by year
Regions202320242025
India$107.4M$167.6M$116.7M
North America$95.6M$89.9M$112.8M
EMEA$62.0M$65.0M$49.3M
Latin America$47.2M$37.2M$30.4M
Asia Pacific$35.0M$34.5M$29.6M
Israel$4.2M$5.2M$3.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue66¢$224.2M
  • Research and development9¢$30.4M
  • Other costs23¢$76.3M
  • Interest1¢$5.0M
  • Income tax1¢$2.8M

Out of $338.7M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending43¢$13.6M
  • Kept or used elsewhere57¢$17.9M

Out of $31.6M of cash from operations.5

Financial statements

Revenue891011125$338.7M in 2025−1% since 2018
0$100.0M$200.0M$300.0M$400.0M2018: $343.9M$343.9M20182019: $285.6M$285.6M2019−17%2020: $262.9M$262.9M2020−8%2021: $290.8M$290.8M2021+11%2022: $295.2M$295.2M2022+2%2023: $347.2M$347.2M2023+18%2024: $394.2M$394.2M2024+14%2025: $338.7M$338.7M2025−14%
Gross profit891011125$114.6M in 2025−1% since 2018
0$50.0M$100.0M$150.0M2018: $116.2M$116.2M20182019: $96.8M$96.8M2019−17%2020: $75.6M$75.6M2020−22%2021: $88.4M$88.4M2021+17%2022: $93.1M$93.1M2022+5%2023: $119.9M$119.9M2023+29%2024: $136.9M$136.9M2024+14%2025: $114.6M$114.6M2025−16%
Operating income891011125$7.2M in 2025−72% since 2018
-$20.0M0$20.0M$40.0M2018: $26.1M$26.1M20182019: $7.3M$7.3M2019−72%2020: -$7.6M-$7.6M20202021: $4.8M$4.8M20212022: -$10.9M-$10.9M20222023: $21.2M$21.2M20232024: $38.7M$38.7M2024+83%2025: $7.2M$7.2M2025−81%
Net income891011125-$2.1M in 2025
-$20.0M0$20.0M$40.0M2018: $23.0M$23.0M20182019: -$2.3M-$2.3M20192020: -$17.1M-$17.1M2020+629%2021: -$14.8M-$14.8M2021−13%2022: -$19.7M-$19.7M2022+33%2023: $6.2M$6.2M20232024: $24.1M$24.1M2024+287%2025: -$2.1M-$2.1M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenues$338.7M$394.2M$347.2M
Cost of revenues$224.2M$257.3M$227.3M
Gross profit$114.6M$136.9M$119.9M
Research and development, net$30.4M$35.0M$32.3M
Sales and marketing$48.7M$44.7M$40.6M
General and administrative$24.4M$14.2M$23.8M
Restructuring and related charges$3.7M$1.4M$897.0K
Acquisition and integration-related charges$72.0K$1.7M$1.1M
Other operating expenses$0$1.2M$0
Total operating expenses$107.3M$98.1M$98.7M
Operating income$7.2M$38.7M$21.2M
Financial and other expenses, net$6.5M$11.5M$8.5M
Income before taxes on income$708.0K$27.3M$12.7M
Taxes on income$2.8M$3.2M$6.5M
Net income (loss)-$2.1M$24.1M$6.2M
Basic net income (loss) per share-$0.02$0.28$0.07
Weighted average number of ordinary shares used in computing basic net income (loss) per share89.8M shares86.2M shares84.6M shares
Diluted net income (loss) per share-$0.02$0.27$0.07
Weighted average number of ordinary shares used in computing diluted net income (loss) per share89.8M shares88.5M shares85.5M shares

Compare Ceragon with another company

Corporate structure

Ceragon sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Ceragon

  • FIRST WILSHIRE SECURITIES MANAGEMENT INC Filed SCHEDULE 13G on Ceragon, latest May 11, 2026
  • Joseph D. Samberg Filed SCHEDULE 13D/A on Ceragon, latest Feb 27, 2025 (3 filings since Feb 2, 2022)
  • Michael Zisapel Filed SCHEDULE 13G/A on Ceragon, latest Feb 18, 2025 (2 filings since Jun 13, 2024)
  • Aviat Networks Filed SC 13D/A on Ceragon, latest Aug 23, 2022 (13 filings since Jun 27, 2022)
  • Ceragon Tel Aviv
    • Ceragon (Norway) Subsidiary · Norway

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Ceragon reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$192.8M5 Dec 31, 2025$178.1M5 Dec 31, 2024+8.2%
Accumulated depreciation$152.9M5 Dec 31, 2025$141.4M5 Dec 31, 2024+8.1%
Property and equipment, net$40.0M5 Dec 31, 2025$36.8M5 Dec 31, 2024+8.7%
Operating-lease assets (leased space)$16.6M5 Dec 31, 2025$16.7M5 Dec 31, 2024−0.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$38.4M5 Dec 31, 2025$35.3M5 Dec 31, 2024+8.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$11.0M5 Dec 31, 2025$7.7M5 Dec 31, 2024+42.0%
Finite-lived intangibles, gross$30.4M5 Dec 31, 2025$20.6M5 Dec 31, 2024+48.1%
Accumulated amortization$7.2M5 Dec 31, 2025$3.8M5 Dec 31, 2024+92.7%
Finite-lived intangibles, net$23.2M5 Dec 31, 2025$16.8M5 Dec 31, 2024+38.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$61.6M5 Dec 31, 2025$59.7M5 Dec 31, 2024+3.2%
Raw materials$28.6M5 Dec 31, 2025$28.5M5 Dec 31, 2024+0.1%
Work in process$130.0K5 Dec 31, 2025$697.0K5 Dec 31, 2024−81.3%
Finished goods$32.9M5 Dec 31, 2025$30.4M5 Dec 31, 2024+8.0%

The story

Ceragon was founded in 1996 under the name Giganet Ltd. The company changed its name to Ceragon Networks Ltd. on September 6, 2000. Ceragon completed its initial public offering on NASDAQ on August 3, 2000, under the ticker symbol CRNT.

Ceragon designs and manufactures high-capacity communication systems for wireless backhaul, mid-haul, and front-haul. The company addresses the segment of the cellular market that connects cell sites to an operator's core network (backhaul), as well as distributed cell site functions located in separate geographical locations (mid-haul and front-haul). Ceragon provides wireless equipment with capacities of up to 40 Gbps and plans to add products based on higher frequency bands to support capacities up to 100 Gbps and beyond. Ceragon markets its products under a range of IP-branded product lines.

Ceragon has sales offices located throughout North and South America, EMEA, and Asia that handle direct sales. Partnerships with distributors, VARs, and system integrators around the world provide an active indirect channel. Its US headquarters was opened in 1999 and its European headquarters in 2000.

Ceragon provides wireless transport solutions, supporting 5G and future-generation architectures and enabling broadband site connectivity to core networks in areas where optic fiber is not feasible.

In December 2023, Ceragon completed the acquisition of Siklu, an Israeli company specializing in millimeter wave wireless solutions. The transaction had an enterprise value of $13-15 million.

In February 2025, Ceragon completed the acquisition of End 2 End Technologies, LLC, a U.S.-based systems integration and software development company serving private networks in oil and gas and utilities markets. The transaction was valued at approximately $8.5 million with potential additional payments based on financial performance milestones.

In 2025, Ceragon Networks earned the top spot in GlobalData's Backhaul Report.

Ceragon operates in over 130 countries. The company has research and development centers in Israel, the United States, Paraguay, India, and Romania.

From Wikipedia’s article on Ceragon, shared under CC BY-SA 4.0.7

Leadership

Who has led Ceragon, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Ronen Stein2026–now
200020052010201520202025
Board members and other officers (8)

Products and brands

  • networking hardware

Listed on Wikidata.1

Ceragon manufactures point-to-point and point-to-multipoint wireless transmission systems operating across microwave and millimeter wave frequency bands, including licensed spectrum ranging from 4 GHz to 42 GHz and millimeter-wave spectrum from 57 GHz to 88 GHz. The company offers wireless transmission solutions in multiple configurations and frequency bands, including microwave and millimeter-wave systems.

The company provides solutions for wireless backhaul, private networks, public safety communications, utility networks, and maritime environments. Ceragon also offers managed services including network planning, deployment, monitoring, and maintenance.

Ceragon's technologies are deployed across multiple sectors including telecommunications operator backhaul, public safety and emergency communications, utility smart grid networks, smart city infrastructure, oil and gas connectivity for remote sites, mining operations, and government communications.

From Wikipedia’s article on Ceragon, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

  • Ceragon (Norway)

From Wikidata.1

Timeline

  1. Mar 18, 2026New chief executive Doron Ovadia Arazi becomes CEO14
  2. Aug 4, 2000Went public Listed on NASDAQ1
  3. 1996Founded Founded1

Calendar

Coming up

  1. Nov 10, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.02 a share, on Nov 11, 2025.24

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

268 filings to the SEC since October 2021: 5 annual reports, 21 insider forms, 19 large holders, 223 other. The latest 20:

  1. Oct 6, 20266-K EDGAR
  2. Aug 26, 20266-K EDGAR
  3. Aug 13, 20266-K EDGAR
  4. Aug 11, 20266-K EDGAR
  5. Jul 29, 20266-K EDGAR
  6. Jul 28, 20266-K EDGAR
  7. Jul 23, 20266-K EDGAR
  8. Jul 21, 20266-K EDGAR
  9. Jul 15, 20266-K EDGAR
  10. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  11. Jun 15, 2026144 EDGAR
  12. Jun 15, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 11, 20266-K EDGAR
  14. May 26, 20264 PRIMARY DOCUMENT EDGAR
  15. May 26, 20264 PRIMARY DOCUMENT EDGAR
  16. May 26, 20264 PRIMARY DOCUMENT EDGAR
  17. May 26, 20264 PRIMARY DOCUMENT EDGAR
  18. May 26, 20264 PRIMARY DOCUMENT EDGAR
  19. May 26, 20264 PRIMARY DOCUMENT EDGAR
  20. May 26, 20264 PRIMARY DOCUMENT EDGAR

The 268 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 12, 2026Makov EfratDirectorSale5,000$2.99$14.9KForm 4
May 22, 2026Makov EfratDirectorSale6,667$2.65$17.7KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Ceragon is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCERAGON NETWORKS LTD2
  • CIK0001119769
  • Filer statusAccelerated filer not an emerging growth company; not a shell company29
  • Incorporated inIsrael29
  • Fiscal year endsDecember 312
  • Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address3 Uri Ariav St., Po Box 112, Rosh Ha Ayin, L3 48100048102
  • Phone972-3-543-10002
  • Shares outstanding88,392,925 shares as of Dec 31, 202529
  • AuditorKOST FORER GABBAY & KASIERER, Tel-Aviv, Israel PCAOB ID 1281; it also attests to the company’s internal control over financial reporting29
  • On EDGAR sinceNov 6, 20002
  • Filings748 in all: 6-K (443), 144 (63), SC 13G/A (45), 20-F (26), SC 13G (22), S-8 (17), SC 13D/A (17), 425 (16)2
    All 29 form types

    SD (13), 4 (11), 3 (10), CORRESP (9), UPLOAD (9), 6-K/A (8), 20-F/A (6), EFFECT (6), F-3 (6), 424B5 (4), SC 13D (4), 144/A (2), 424B3 (2), F-3/A (2), 424B4 (1), DEF 14A (1), FWP (1), S-8 POS (1), SCHEDULE 13D/A (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Apr 15, 2026
    Proxy statement (DEF 14A) Oct 25, 2001

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, Par Value NIS 0.01CRNTNasdaq

From the cover page of the 20-F filed Apr 15, 2026 (Section 12(b) of the Exchange Act).29