Company Analysis

Ceragon Networks Ltd. (CRNT)

Nasdaq: CRNT · Radio & Tv Broadcasting & Communications Equipment · Rosh Ha Ayin, IL · filing with the SEC since 2000
Grade5.3
◀ Past 6.0● Present 5.7▶ Future 3.9
1 est.

The grade of Ceragon Networks Ltd.

Nine metrics read from its own filings, by tense
Headline grade
5.3/10
◀ Past6.030% of the headline
● Present5.740% of the headline
▶ Future3.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
8.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 88th percentile among 21 sector filers · read for itself

From the record

Ceragon Networks Ltd.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.9/10

What has it actually done, year after year?

+1.6% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 49th percentile among 21 sector filers · read for its customers

From the record

Ceragon Networks Ltd.'s 10 filed years say what it did: revenue went from $294 million in fiscal 2016 to $339 million in fiscal 2025, up 1.6% a year; it rose in 6 of 9 years; the deepest fall was 24% from fiscal 2018 to fiscal 2020; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.6%bottom 34% of its family
  • the share of years revenue rosetop 43% of its family
  • the share of filed years with a profittop 40% of its family
  • the deepest fall from a revenue peak23.6%bottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.0/10

How has it treated the people who own it?

Share count grew 2.2% a year. 0% of cash flow returned. Insiders: 2 sales, 0 purchases.

weight 22% of this tense · 40th percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Ceragon Networks Ltd.'s diluted share count grew about 2.2% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2 sales and 0 purchases of their own stock on the open market in the year to 2026-11-06 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 40% of its family
  • cash returned against operating cash flowbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.7/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.3/10

Is it financially healthy right now?

ROE -1%: lost 1¢ per shareholder dollar. Leverage 46%: owes 46¢ per asset dollar.

weight 45% of this tense · 63rd percentile among 21 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Ceragon Networks Ltd. lost about 1 cents for every dollar of shareholders' money, and gross profitability: its products earned about 36 cents per dollar of everything the company owns. Leverage: it owed about 46 cents per dollar of assets, and net share issuance: its share count grew 1.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 40% of its family
  • return on equitytop 42% of its family
  • gross profit against assetstop 29% of its family
  • the share count against the year beforetop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.3/10

How strong is its position in its industry?

top 47% of 21 in its family; net margin -0.6%.

weight 33% of this tense · 53rd percentile among 21 sector filers · read for its customers

From the record

Ceragon Networks Ltd.'s standing among 21 graded names in its industry family: revenue of $339 million in fiscal 2025 ranks in the top 39% by size; a net margin of -0.6% ranks in the top 45%; revenue growth of 4.7% a year over the last 3 filed years ranks in the bottom 43% (its annual reports).

What it rests on

  • revenue against the family$339Mtop 39% of its family
  • net margin-0.6%top 45% of its family
  • three-year revenue growth4.7%bottom 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.2/10

What are the people in charge doing?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 18 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 18 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 18 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Ceragon Networks Ltd.'s leadership is put at 5.2 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 18 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.0/10

How much room does it have to grow?

bottom 40% of 21 in its family for room to expand.

weight 45% of this tense · 40th percentile among 21 sector filers · read for itself

From the record

Ceragon Networks Ltd.'s room to grow, from the newest filed statements (fiscal 2025): cash of $38 million against no long-term debt tagged leaves 12.1% of its assets as net cash, top 50% of its family; cash from operations less capital spending is 5.3% of revenue (top 50%); a gross margin of 33.8% (bottom 24%); research spending of 9% of revenue (bottom 36%) (its annual report).

What it rests on

  • cash less debt against assets12.1%top 50% of its family
  • cash from operations less capital spending against revenue5.3%top 50% of its family
  • gross margin33.8%bottom 24% of its family
  • research spending against revenue9.0%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.6/10

What could actually drive growth from here?

top 44% of 21 in its family for growth drivers.

weight 33% of this tense · 56th percentile among 21 sector filers · read for its customers

From the record

Ceragon Networks Ltd.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.7% a year over the last three filed years against 1.6% over all 10, speeding up (top 24% of its family); the newest year grew -14.1% (bottom 17%); research spending grew 0.8% a year (top 45%); capital spending grew 9.2% a year (top 24%) (its annual reports). Ceragon Networks Ltd. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+3.1 points a yeartop 24% of its family
  • the newest year's revenue growth-14.1%bottom 17% of its family
  • three-year growth of research spending0.8%top 45% of its family
  • three-year growth of capital spending9.2%top 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
1.1/10

Did its newest year beat what its own record pointed to?

bottom 11% of 19 in its family for expectations against reality.

weight 22% of this tense · 11th percentile among 19 sector filers · read for its shareholders

From the record

Ceragon Networks Ltd.'s newest year against its own record: revenue of $339 million in fiscal 2025 came in 25.6% below the $455 million its prior three years' pace pointed to (bottom 3% of its family); net income of $2 million against a prior three-year average of $4 million (bottom 8%); a net margin of -0.6% against 0.4% before (bottom 24%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-25.6%bottom 3% of its family
  • net income against the prior three years' average-159%bottom 8% of its family
  • net margin against its prior average-1.0 pointsbottom 24% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CRNT · research, not advice